Category Archives: Healthcare stocks

Health Management takeover talk heats up

Update:Glenview Capital says it is not engaged in a hostile takeover. The company issued the following statement in response to this post:

“Glenview Capital Management has filed a consent solicitation in which they have nominated a new independent, slate of directors for the board at HMA. But they have in no way initiated steps for a hostile takeover”

Shares of Health Management Associates, parent company of Knoxville-based Tennova Healthcare, hit a 52-week high today on continued takeover talk.

By late afternoon, shares were up more than 9 percent to $16.89 with 11.3 million shares traded.

The Naples, Fla.-based company is the subject of a hostile takeover by Glenview Capital Management, which has been increasing its stake in the company.

Glenview could soon have some competition. Reuters reported today that Franklin, Tenn.-based Community Health Systems Inc. and other companies also have target HMA.

HMA officials aren’t commenting on the takeover buzz.

Click here for more from Reuters.

Investors eye healthcare companies

Investors are paying close attention to healthcare companies today following Sunday’s historic vote on the reform bill.

Barron’s Stocks to Watch blog notes that most health insurers are up in morning trading and offers a roundup of analysts comments about what it all means.

Among East Tennessee companies, shares of Knoxville-based phyisican-staffing company Team Health Holdings Inc., and Chattanooga-based insurance carrier Unum Group were both down slightly in late-morning trading.