Several investment banks have launched coverage of newly public Community Healthcare Trust with positive outlooks. Giving 'buy' ratings to the real estate investment trust are analysts at SunTrust Robinson Humphrey, Janney Montgomery Scott and Sandler O'Neill. SunTrust's researchers have a $22 target and Sandler a $23 target for the stock (Ticker: CHCT), which went public four weeks ago at $19.
Analyst Sarah James has formally begun covering shares of Nashville's big three hospital operators as well as other prominent health care players. She rates both HCA Holdings and Community Health Systems at 'outperform,' saying investors will benefit from, among other things, the growth of HCA's Parallon support services unit and CHS' potential for margin expansion. James isn't as bullish on the prospects of LifePoint Health, which she has given a 'neutral' rating.
Over at Goldman Sachs, analysts have launched coverage of Amsurg with a 'buy' rating and $81 target. That's 17 percent above where AmSurg (Ticker: AMSG) closed Wednesday trading.
California-based acute hospitalist and post-acute provider organization IPC Healthcare has announced it has entered into an alliance with naviHealth of Nashville in a deal for which terms were not disclosed in a release.
IPC, through its subsidiaries and affiliates, will provide clinical and other care coordination services for the BPCI initiative in collaboration with naviHealth.
Read more here.
TriStar Southern Hills Medical Center has leased space in what will be called the TriStar Medical Plaza at the Crossings medical office building slated for the Antioch-based Crossings Event Center, The Tennesean reports.
TriStar is taking about half of the CEC’s 41,000 square feet.
Half of the highest-charging hospitals in the country are owned by Community Health Systems, according to a study published in the Health Affairs journal Monday. Kaiser Health News reports of the 50 hospitals with the highest charges, 49 are for-profit facilities, 20 operate in Florida and half are owned by CHS.
However, the charges referenced in the study are "chargemaster prices," or the sticker price that is later negotiated down by private insurers.
But for uninsured patents asked to pay full charges, insured patients who end up at an out-of-network hospital and patients whose treatment is covered by casualty or workers compensation insurance, these charges can matter a lot.
CHS spokesperson Tomi Galin told Kaiser in a written statement that the company provided more than $3.3 billion in charity care in 2014, and that the charges included in the study "are not relevant measures of what consumers, insurers or the government pay for services."
The highest-charging hospitals were congregated in 13 states, Kaiser said, including Tennessee.
Shares of CHS (Ticker: CYH) fell 2.6 percent to $52.76 Monday. Year to date, they're also down about 2 percent.
Analysts at Goldman Sachs have initiated coverage of LifePoint Health, setting a 'conviction buy' rating for the hospital operator. The investment firm set a price target of $92 for the Nashville company, which closed Friday trading (Ticker: LPNT) up 1.4 percent at $74.44. Year to date, they're up about 3 percent.
POSTDATA: WARRANTY DEEDS