The leaders of Bert Fish Medical Center in Northeast Florida have narrowed to four the number of suitors with which they will talk about a partnership or acquisition. Not among them is HealthTech Management Services, the Brentwood-based company formerly known as Brim Healthcare that helps run 60-some hospitals around the country. Bert Fish execs had been in talks with Health Management Associates last year but those ended after Franklin-based Community Health Systems bought HMA.
Two analysts following hospital industry leader HCA Holdings have hiked their price targets for the company following its Q2 profit report. At Oppenheimer, Michael Wiederhorn now sees HCA — which ended Tuesday trading at $65.07 (Ticker: HCA) — climbing to $74 in the coming quarter. That's up from $62. Ann Hynes at Mizuho has him beat by a dollar after lifting her target to $75 from $60. Both analysts recommend investors add to their HCA holdings.
Jefferies & Co. analyst Brian Tanquilut sees bigger things coming from HCA Holdings' positive earnings preview this week. He thinks that "HCA's strong cash flows open up opportunities for stock-enhancing capital deployment" such as acquisitions or share buybacks. (The company late last year spent $500 million to repurchase some of its stock.) Tanquilut also lifted his price target for HCA to $72 from $70.
Veteran Wells Fargo analyst Gary Lieberman says the guidance raise by HCA Holdings Wednesday looks to be on the conservative side given that the benefits of health care reform aren't going to end anytime soon. He has reiterated his 'outperform' rating on shares of HCA, which jumped 10 percent (Ticker: HCA) to a record high. On the flip side, Paula Torch at Avondale tells Investor's Business Daily that HCA is proving (again) to be best in class.
Vanderbilt University Medical Center was named the best hospital in the Metro Nashville area and the state of Tennessee by U.S. News and World Report.
"This acknowledgement from U.S. News and World Report, along with other designations we receive, serves to remind us of the impact we are having on the lives of the patients and families we serve," C. Wright Pinson, CEO of the Vanderbilt Health System and deputy vice chancellor for health affairs, said in a release. "Every day, I am proud of the outstanding accomplishments of our faculty and staff and want to thank you for keeping VUMC No. 1 in Tennessee."
HCA Holdings' Centennial Medical Center was ranked second in the Nashville area and seventh in the state. For the full list, click here.