Leerink Partners Remain Bullish on TeamHealth Holdings (TMH) Following 2Q15 Results

Team Health (TMH) PT Raised to $72 at Piper Jaffray Following IPC Deal

Piper Jaffray analyst Kevin Ellich reiterated an Overweight rating and raised his price target on Team Health (NYSE: TMH) to $72.00 (from $68.00), saying they remain buyers of the stock after the the company announced a definitive agreement to acquire IPCM for $1.6B.

Ellich... More

Market Wrap: Shire Makes Bid for Baxalta, Gets Rejected; Fed's Lockhart Hints at Sept. Rate Hike; Splitsville for RR Donnelley

Market wrap for August 4th

End of the Day: S&P 500 down 4.7 to 2,093.32; Dow Jones down 47.5 to 17,550.69; Nasdaq down 9.8 to 5,105.55

Market Brief: U.S. markets moved lower Tuesday following commentary from Atlanta Federal Reserve president Dennis Lockhart, whom said that September could be an appropriate time to lift rates. Speaking to the WSJ, the official said, I think there is a high bar right now to not acting, speaking for myself ... It will take a significant deterioration in the... More

Notable Mergers and Acquisitions 8/4: (SHPG)/(BXLT) (TMH)/(IPCM) (LONG) (LBAI)

--- Shire plc (Nasdaq: SHPG) confirms that it made a proposal to Baxalta Incorporated (NYSE: BXLT) on July 10, 2015, to combine the companies in an all-stock transaction pursuant to which Baxalta shareholders would receive, for each Baxalta share, 0.1687 Shire ADRs. The proposal implies a value of $45.23 per Baxalta share and represents a significant premium of 36% over Baxalta's stock price as of August 3, 2015. Baxalta has declined to engage in substantive discussions regarding the proposal.

The proposed combination would generate immediate shareholder value... More

Pre-Open Stock Movers 08/04: (IPCM) (BLXT) (S) Higher; (TNET) (CGNX) (MDAS) Lower (more...)

Vantage Drilling (NYSE: VTG) 59.2% HIGHER; reported Q2 EPS of $0.07, may not compare to the analyst estimate of $0.03. Revenue for the quarter came in at $212.26 million versus the consensus estimate of $208.64 million.

TeamHealth Holdings (TMH) Tops Q2 EPS by 1c

TeamHealth Holdings (NYSE: TMH) reported Q2 EPS of $0.70, $0.01 better than the analyst estimate of $0.69. Revenue for the quarter came in at $787 million versus the consensus estimate of $832.41 million.

For earnings history and earnings-related data on TeamHealth Holdings (TMH) click here.

TeamHealth Holdings (TMH) to Acquire IPC Healthcare (IPCM) in ~$1.6B Deal

TeamHealth Holdings (NYSE: TMH) announced a definitive agreement to acquire IPC Healthcare Inc. ("IPC Healthcare") (Nasdaq: IPCM), a leading national acute hospitalist and post-acute provider organization, in an all-cash transaction with an enterprise value of approximately $1.6 billion or $80.25 per share. The boards of directors of both companies have approved the transaction.

"We are excited to announce this strategic transaction with IPC Healthcare to create the leading physician services organization spanning multiple specialties," said TeamHealth President and Chief Executive Officer, Mike Snow. "Through this combination, TeamHealth... More

Trading Radar for 8/4: Zillow (Z), Archer Daniels (ADM), Hyatt Hotels (H), Kellogg (K), Sprint (S), Mosaic (MOS) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

A.M. Castle & Co. (NYSE: CAS) - consensus loss $0.48
ALLETE, Inc. (NYSE: ALE) - consensus EPS $0.50
ANI Pharma (Nasdaq: ANIP) - consensus EPS $0.54
Abiomed (Nasdaq: ABMD) - consensus EPS $0.08
Aetna (NYSE: AET) - consensus EPS $1.82
Affimed (Nasdaq: AFMD) - consensus loss $0.17
Albany... More