Technical Roundup on Healthcare Information Services Stocks -- Premier, WebMD Health, and Evolent Health
Dec 08, 2016, 07:45 ET
NEW YORK, December 8, 2016 /PRNewswire/ --
The Healthcare Information Services industry provides services that offer health care providers secure access to clinical, administrative, and financial data that can be used to boost quality, improve safety, and increase efficiency across the sector. These services include software solutions, clinical content, hardware, and devices. Pre-market, Stock-Callers.com tracks the performances of the following equities: Premier Inc. (NASDAQ: PINC), WebMD Health Corp. (NASDAQ: WBMD), and Evolent Health Inc. (NYSE: EVH). Sign up today and download for free the research reports for the stocks covered today at:
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Premier
On Wednesday, shares in Charlotte, North Carolina headquartered Premier Inc. recorded a trading volume of 468,463 shares. The stock ended at $30.13, declining 0.33% from the last trading session. The Company's shares have gained 5.68% in the last one month. The stock is trading below its 50-day moving average by 2.61%. Furthermore, shares of Premier, which together with its subsidiaries, operates as a healthcare improvement company in the US, have a Relative Strength Index (RSI) of 49.60.
On December 6th, 2016, Premier introduced an integrated solution allowing providers to track system-wide clinician performance across the care continuum. The Clinician Performance Management solution compares outcomes with peers and national benchmarks to forecast the potential financial impact of future reimbursements and prioritize areas of improvement. Building on Premier's hospital-focused physician performance metrics and its qualified clinical data registry, the Clinician Performance Management solution integrates both acute and ambulatory clinician performance data. PINC complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=PINC
WebMD Health
New York headquartered WebMD Health Corp.'s stock finished yesterday's session 0.41% lower at $53.32. A total volume of 950,096 shares was traded, which was above their three months average volume of 706,060 shares. The Company's shares have gained 5.02% in the last one month, 1.50% over the previous three months, and 10.39% on an YTD basis. The stock is trading above its 50-day moving average by 3.23%. Furthermore, shares of WebMD Health, which provides health information services to consumers, physicians and other healthcare professionals, employers, and health plans through its public and private online portals, mobile platforms, and health-focused publications in the US, have an RSI of 54.98.
On November 16th, 2016, WebMD Health announced that it has commenced a tender offer to purchase up to 2,000,000 shares of its common stock at a price of $55.00 per share. The number of shares proposed to be purchased in the tender offer represents approximately 5.1% of the approximately 39.2 million shares of WebMD's Common Stock outstanding as of November 10th, 2016. The tender offer will expire at 5:00 p.m., ET, on December 15th, 2016, unless extended by WebMD. On the terms and subject to the conditions of the tender offer, WebMD's stockholders will have the opportunity to tender some or all of their shares at a price of $55.00 per share. Stockholders whose shares are purchased in the tender offer will be paid $55.00 per share, net in cash, less any applicable withholding taxes and without interest, promptly after the expiration of the tender offer period. As of November 10th, 2016, WebMD had approximately $1.065 billion in cash and investments. WebMD will use a portion of its cash and investments to fund the tender offer. The complimentary report on WBMD can be downloaded at:
http://stock-callers.com/registration/?symbol=WBMD
Evolent Health
At the closing bell on Wednesday, shares in Virginia headquartered Evolent Health Inc. saw a decline of 2.01%, ending the day at $17.05. The stock recorded a trading volume of 275,015 shares. The Company's shares have advanced 40.79% since the start of this year. The stock is trading 5.54% below its 200-day moving average. Moreover, shares of Evolent Health, which through its subsidiary, Evolent Health LLC provides healthcare delivery and payment solutions in the US, have an RSI of 34.15.
In a SEC filing dated December 5th, 2016, Evolent Health (company) and Evolent Health LLC entered into a purchase agreement on November 29th, 2016, with J.P. Morgan Securities LLC and Goldman, Sachs & Co., to issue and sell $110.0 million aggregate principal amount of its 2.00% Convertible Senior Notes due 2021 in a private placement to qualified institutional buyers. The Company granted the Purchasers an option to purchase up to an additional $15.0 million aggregate principal amount of Notes, which Option was exercised on December 01st, 2016. The Notes were issued at an issue price of 100.00% of par for net proceeds of approximately $120.7 million, after deducting fees and estimated expenses. The closing of the Private Placement of the Notes occurred on December 5th, 2016. Upon receipt thereof, the Company loaned the net proceeds from the Private Placement to Evolent Health LLC. Evolent Health LLC intends to use such net proceeds for working capital and other general corporate purposes. Sign up for your complimentary report on EVH at:
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