Windsor Health taps general counsel

Windsor Health, the Atlanta-based health plan with a sizeable Nashville workforce, has named Jim Touse as its new general counsel. And though he'll be based in Atlanta, Touse has spent a good deal of time in Tennessee.

Mr. Touse most recently served as the General Counsel, Compliance Officer and Corporate Secretary of Life and Specialty Ventures, L.L.C. and its affiliates, which are owned by six independent Blue Cross and Blue Shield plans. He has previously served as the Chief Legal Officer of BlueCross BlueShield of Tennessee, General Counsel of Group Health Plan, and in legal leadership roles with other managed care organizations since beginning his career as the Assistant Director of the Ohio Department of Insurance.

Mr. Touse’s peers have recognized his contributions to the legal profession by electing him as a member of the inaugural class of the American Health Lawyers Association’s (AHLA) Fellows program. He has also served in legal leadership positions with AHLA; the Blue Cross and Blue Shield Association Legal Department Cooperative; American Association of Health Plans (now America’s Health Insurance Plans); and the Tennessee Bar Association Health Law Section. He has made numerous presentations and authored publications addressing significant legal and regulatory issues affecting the employee benefits industry.

Mar 30, 2012 10:20 AM

Windsor Health Plan names new president

Company plans to significantly grow local operations during next few years
Feb 7, 2012 11:00 AM

HealthSpring closes sale to Cigna

Pair of top executives depart while the bulk move on with combined company
Jan 31, 2012 11:01 AM

HealthSpring slides on offering news

Shares of Medicare Advantage plan provider HealthSpring are trading lower on very heavy volume Friday after the company announced a $262 million stock offering. The company's stock (Ticker: HS) is down about 4.5 percent on the day, near $36.28, on trading volume nearly four times greater than typical daily average.

Shares of HealthSpring had closed at $37.97 Thursday.

Mar 25, 2011 11:28 AM

HealthSpring conducts big stock offering

$262 million in proceeds to repay debt, fund acquisitions
Mar 25, 2011 7:51 AM

HealthSpring execs book $4.3M profit from options

Two senior officers at Franklin-based insurer HealthSpring last week cashed in some of their chips by exercising stock options and selling on the resulting shares. General Counsel and Secretary Gentry Barden booked a $2.6 million profit on his sales, Executive VP Matthew Morris more than $1.7 million. Shares of HealthSpring (Ticker: HS) are up some 40 percent year to date and have more than doubled in the past 12 months.

Mar 14, 2011 9:29 AM

Big HealthSpring investor dives under 5% threshold

The folks at New Jersey money manager Lord Abbett appear to have decided to cash in their HealthSpring chips. Since the end of 2010, they have trimmed their stake in the local Medicare Advantage insurer by almost 580,000 shares and now own 4.2 percent of the company, down from 5.8 percent last fall. HealthSpring's stock (Ticker: HS) is up almost 40 percent year to date and has more than doubled in the past year, lifting its market cap well north of $2 billion.

Mar 10, 2011 12:02 PM

Analyst action: HealthSpring, Brookdale

Analyst Josh Raskin at Barclays Capital has lifted his price target on shares of HealthSpring to $44 from $38 while keeping his 'overweight' rating. The move puts Raskin among the Street's most bullish HealthSpring watchers. It wasn't that long that he was saying that HealthSpring (Ticker: HS) could reach $30 despite a run that started at $18. Brookdale Senior Living shares are up more than 7 percent this morning after the company reported its Q4 numbers and said it has added to its debt capacity. Also helping is an upgrade from Morgan Keegan analyst Rob Mains, who sees the Brentwood-based nursing home chain's stock hitting $30, up from $24. Brookdale (Ticker: BKD) is now at its highest level since June 2008.

Feb 24, 2011 12:55 PM

HealthSpring up on surprise CMS move

Shares of Franklin-based HealthSpring are up about 3 percent this afternoon after the Centers for Medicare and Medicaid Services surprised the market by saying its reimbursement rates for Medicare Advantage plans will rise by 1.6 percent in 2012. Analysts had expected a drop of almost twice that magnitude. Today's move has HealthSpring (Ticker: HS) trading above $38 for the first time ever.
Feb 22, 2011 1:48 PM

Analyst action: HealthSpring, LP

In apparent catch-up mode, analyst Michael Wiederhorn at Oppenheimer has lifted his price target on shares of Medicare Advantage insurer HealthSpring from $21 to $34. Wiederhorn still has a 'market perform' rating on HealthSpring, but his target change takes him from the bottom of the Street's range to near the top. Shares of HealthSpring (Ticker: HS) are up about 20 percent in the past three months and are changing hands this morning around $32.70. The Franklin-based company reports its fourth-quarter numbers on Friday. At TD Newcrest, Sean Steuart has downgraded shares of building products manufacturer Louisiana-Pacific to 'reduce' from 'hold.' Shares of the Nashville-based company (Ticker: LPX) have climbed almost 40 percent in the past three months.
Feb 15, 2011 10:28 AM