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UnitedHealth's Optum To Buy Davita Medical Group For About $4.9 Bln In Cash

Wednesday, 6 Dec 2017 06:45am EST

Dec 6 (Reuters) - UnitedHealth Group Inc ::DAVITA MEDICAL GROUP TO JOIN OPTUM.OPTUM - ‍AGREEMENT, ENTERED INTO ON DECEMBER 5, 2017, CALLS FOR OPTUM TO ACQUIRE DAVITA MEDICAL GROUP FOR APPROXIMATELY $4.9 BILLION IN CASH​.OPTUM - FOLLOWING TRANSACTION, DAVITA MEDICAL GROUP WILL BECOME PART OF OPTUM'S OPTUMCARE DIVISION.OPTUM - ‍DAVITA PLANS TO USE PROCEEDS FROM DEAL FOR SIGNIFICANT STOCK REPURCHASES OVER 1 TO 2 YRS AFTER CLOSE OF DEAL, AS WELL AS TO REPAY DEBT​, OTHERS.OPTUM - ‍JOE MELLO, COO OF DAVITA MEDICAL GROUP, WILL CONTINUE IN LEADERSHIP ROLE IN COMBINED ENTITY, AS WILL DAVITA MEDICAL GROUP LEADERSHIP TEAM​.

IBM elects Joseph Swedish and Frederick Waddell to Board of Directors​

Monday, 30 Oct 2017 04:15pm EDT

Oct 30 (Reuters) - International Business Machines Corp ::IBM elects two new members to its Board of Directors.IBM - ‍Board of Directors today elected Joseph R. Swedish and Frederick H. Waddell to Board​.IBM says ‍IBM Board now has a total of 15 members​.IBM - ‍Joseph R. Swedish is Chairman, President and Chief Executive Officer of Anthem​.IBM - ‍Frederick H. Waddell is Chairman and Chief Executive Officer of Northern Trust Corporation​.

The Hartford to acquire Aetna's U.S. group life and disability business

Monday, 23 Oct 2017 06:45am EDT

Oct 23 (Reuters) - Aetna Inc :The Hartford signs agreement to acquire Aetna’S U.S. group life and disability business.Aetna Inc - deal for $1.45 billion​.Aetna - ‍projects impact of deal to 2017 earnings per share to be immaterial given timing of transaction, slightly dilutive to 2018 earnings per share.Aetna Inc - ‍acquisition will be accretive to Hartford's earnings in 2018​.Aetna Inc - ‍acquisition will be funded by Hartford by dividends from its insurance subsidiaries and holding company resources​.Aetna Inc - ‍Hartford does not intend to issue debt or equity in order to fund cash consideration for acquisition​.Aetna Inc - ‍Hartford does not currently expect to authorize an equity repurchase plan for 2018​.

Triple-S Management Q1 adjusted loss per share $0.20

Tuesday, 9 May 2017 06:30am EDT

May 9 (Reuters) - Triple-s Management Corp :Triple-S management corporation reports first quarter 2017 results.Q1 adjusted loss per share $0.20.Q1 loss per share $0.18.Q1 revenue $722.5 million.Triple-S management corp- in medicare advantage business anticipate full year member month enrollment of about 1.5 million, plus or minus 5% for 2017.Triple-S management corp - for 2017 "investment income should be at same level as in 2016".Triple-S management - in 2017 life insurance and property and casualty premiums expected to reach $162 million and $90 million, respectively, plus or minus 5%.Qtrly consolidated premiums earned were $702.3 million, down 4.9% from last year.

Express Scripts reports Q1 GAAP earnings per share $0.90

Monday, 24 Apr 2017 04:01pm EDT

April 24 (Reuters) - Express Scripts Holding Co : :Express Scripts announces 2017 first quarter results; provides update on anthem relationship and visibility into core PBM business excluding contribution from Anthem, Coventry and Catamaran.Q1 adjusted earnings per share $1.33.Q1 GAAP earnings per share $0.90.Q1 earnings per share view $1.32 -- Thomson Reuters I/B/E/S.Sees Q2 2017 adjusted earnings per share $1.70 to $1.74.Express scripts holding co qtrly adjusted claims of 351.7 million, down 1pct.Expects total adjusted claims for Q2 of 2017 to be in range of 343 million to 353 million.Express Scripts Holding Co says qtrly revenue $24.65 billion versus. $24.79 billion last year.Increased its guidance for 2017 adjusted earnings per diluted share to a range of $6.90 to $7.04.Q1 earnings per share view $1.32, revenue view $24.99 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $6.93 -- Thomson Reuters I/B/E/S.Q2 earnings per share view $1.68 -- Thomson Reuters I/B/E/S.Express Scripts Holding - recently told by anthem management that anthem intends to move its business when co's current contract with anthem expires on Dec 31, 2019.Express Scripts Holding Co - anthem is not interested in continuing discussions regarding pricing concessions for 2017-2019.Express Scripts Holding Co - Anthem has "not provided formal written notice that it does not intend to renew its contract with company".

Humana reports realignment of financial reporting segments

Monday, 17 Apr 2017 09:24pm EDT

April 17 (Reuters) - Humana Inc ::Humana-Realigned certain of its businesses for reporting segments; segments include retail,group and specialty,healthcare services,individual commercial.

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