8 stories we are following this am.
1. The markets got crushed yesterday but appear to be set to partially rebound today.
2. Two hospital chain stocks dropped a good deal yesterday UHS dropped by more than 10% and Tenet Healthcare dropped by more than 9%. This largely reflects concerns with government reimbursement.
3. RH also dropped by more than 3.3% and is down 60% year to date.
4. Tesla dropped almost 5.75% yesterday and is down 44% year to date. The company reports earnings later today.
5. Humana dropped 7% yesterday.
“CMS rejected Humana’s appeal to improve its MA star ratings. Humana is now seeking expedited judgment in its lawsuit against the agency.” Click to see more from @KPMG_US Healthcare. Vince Vickers.
6. Carvana also dropped 7% yesterday.
7. Thrilled to see the Becker Private Equity and Business Podcast ranked 1st in Apple business news this month. Thank you to Cosette Benjamin, Jessica Jolliff and Michelle Byers-Robson and Jeremy Corr and Chanell Bunger. Thank you also to leaders from McGuireWoods LLP Holly Buckley, Amber Walsh m, David Pivnick, Geoffrey Cockrell and Bart Walker who regularly or periodically join the podcast. The McGuireWoods LLP Health Care PE Conf is May 14 15 in Chicago.
8. I’m excited to interview Coach Nick Saban at the Becker’s Healthcare Conference next week. We are also working to grow our fall Health IT and Digital Health Meeting. For more information reach Jessica Cole Allison Warner Laura (Miller) Dyrda and Virginia Egizio, CMP. Kudos also to Naomi Diaz and Giles Bruce who head up a great deal of the health technology coverage.