MedCath resumes climb as it mulls its options
2010-03-15 04:00:34
Quote: NEW YORK (AP) -- Shares of MedCath Corp. continued their ascent Thursday as Wall Street considered a possible sale of the hospital operator or some of its facilities.MedCath stock is up 13.2 percent over the last two days, and in Thursday midday trading it rose another 41 cents, or 5.2 percent, to $8.28. The company said late Monday that it has hired a financial adviser as it reviews its strategic options, and may sell itself or some of its hospitals or other assets.In a note to clients, Raymond...
Read articleEx-MedCath exec joins WellCare Health
2010-03-09 08:22:53
Quote: A MedCath Corp. executive who recently resigned has been named senior vice president and chief compliance officer at WellCare Health Plans Inc.Blair Todt will join the Tampa, Fla.-based company in early April.WellCare (NYSE:WCG) provides managed-care services exclusively for government-sponsored health-care programs.Todt resigned March 1 as senior vice president, general counsel and secretary for cardiac-hospital owner MedCath Corp. (NASDAQ:MDTH), according to a company filing with the Securitie...
Read articleMEDCATH CORP Files SEC form 8-K, Change in Directors or Principal Officers
2010-03-08 02:05:47
Quote: Todt, Senior Vice President, General Counsel and
Secretary resigned from his position with MedCath Corporation (the "Company").
Mr. Todt will remain with the Company for up to 30 days and then assume a post
as Senior Vice President and Chief Compliance Officer with another healthcare
company.
Item 5.07 Submission of Matters to a Vote of Security Holders
The Company's annual meeting of stockholders was held on March 3, 2010. The
stockholders elected the remaining nominees for Class III...
Read articleWellCare Health Plans names Blair Todt chief compliance officer
2010-03-08 02:05:46
Quote: He will report to the chief executive officer, Alec Cunningham, and to the regulatory compliance committee of the board of directors.Todt previously was senior vice president, general counsel and secretary for health care provider MedCath Corp. (NASDAQ: MDTH). Prior to joining MedCath in 2006, he was deputy general counsel for compliance and litigation at BearingPoint Inc., formerly KPMG Consulting Inc. There, he helped create and implement ethics, privacy, regulatory and human resource training...
Read article[$$] 13D Filings
2010-03-08 02:05:44
Quote: Yucaipa owns 10,741,213 shares (18.7% of the total outstanding).
MedCath (MDTH)
Hedge-fund manager Nierenberg Investment Management supports the hospital operator's decision to seek strategic alternatives, including the sale of assets or the entire company. If MedCath chooses the former, Nierenberg wants the proceeds used to pay down debt and buy back stock. Nierenberg owns 2,940,711 shares (13.1%).
Value Line (VALU)
Top shareholder Arnold Bernhard & Co., run by the family of Value Line's ...
Read articleMedCath resumes climb as it mulls its options
2010-03-05 07:38:02
Quote: NEW YORK (AP) -- Shares of MedCath Corp. continued their ascent Thursday as Wall Street considered a possible sale of the hospital operator or some of its facilities.MedCath stock is up 13.2 percent over the last two days, and in Thursday midday trading it rose another 41 cents, or 5.2 percent, to $8.28. The company said late Monday that it has hired a financial adviser as it reviews its strategic options, and may sell itself or some of its hospitals or other assets.In a note to clients, Raymond...
Read articleMedCath mulls sale of company
2010-03-03 07:56:38
Quote: The board of MedCath Corp. has formed a committee to consider the sale of either the company or its hospitals.Charlotte-based MedCath has hired Navigant Capital Advisors as it financial adviser to assist the committee of independent directors.MedCath Chief Executive Ed French says the move is designed to enhance shareholder value. The company's stock, which has traded between $5.70 and $13.63 over the last year, closed Monday at $6.95 per share.MedCath owns and operates specialty hospitals that ...
Read articleMEDCATH CORP Files SEC form 8-K, Change in Directors or Principal Officers
2010-03-03 07:56:36
Quote: Casas resigned as a member of
MedCath Corporation's (the "Company") Board of Directors (the "Board").
Dr. Casas will not stand for reelection to the Company's Board at its upcoming
annual stockholders' meeting on March 3, 2010.
Item 8.01. Other Events
On March 1, 2010, the Company announced that its Board has formed a Strategic
Options Committee (the "Committee") composed solely of independent directors to
consider the sale either of the Company or the sale of its ...
Read articleAhead of the Bell: MedCath considers options
2010-03-03 07:56:36
Quote: NEW YORK (AP) -- Hospital operator MedCath Corp. may sell itself or more of its hospitals or other assets and shares jumped 15 percent in premarket trading.Last month, Medcath announced it would sell its Heart Hospital in Austin, Texas, for an undisclosed amount.The company said late Monday it formed a committee to consider strategic options, which could include a sale of the entire company or more of its facilities.MedCath retained Navigant Capital Advisors to assist the committee.MedCath also ...
Read articleMedCath Corporation Announces Decision to Consider Strategic Options
2010-03-02 05:45:23
Quote: CHARLOTTE, N.C., March 1MDTHNews) announced today that its Board of Directors (the "Board") has formed a Strategic Options Committee (the "Committee") composed solely of independent directors to consider the sale either of MedCath or the sale of its individual hospitals and other assets. Navigant Capital Advisors ("Navigant") has been retained as its financial advisor to assist the Committee in this process. Â Due to this engagement, Dr. Edward R. Casas, a senior managing director of Navigant ...
Read articleUPDATE - MedCath to consider strategic options, including sale
2010-03-02 05:45:22
Keywords: Pharmaceuticals (sub-industry),Healthcare facilities,Commercial services and supplies (industry group),Industrial machinery,Machinery,United States of America,Mergers and Acquisitions (including Changes of Ownership),Healthcare,Healthcare services,Healthc
Quote: UPDATE 1-MedCath to consider strategic options, including sale
* Says options include sale of co, individual hospitals * Committee of independent directors to consider options * Shares up 5 pct March 1 (Reuters) - Hospital operator MedCath Corp (MDTH.O)
said it would consider strategic options, including a possible
sale of the company, or the sale of individual hospitals and
other assets. Shares of the company were up 5 percent at $7.30 in
extended trade. They closed at $6.95 Monday on Nasdaq. M...
Read articleMedCath Enters Definitive Agreement To Sell Heart Hospital of Austin
2010-02-26 01:26:46
Quote: The transaction is expected to close during MedCath's third fiscal quarter of 2010, subject to customary closing conditions and regulatory requirements.The sale comes after Austin Heart, a leading cardiology practice and co-founder of Heart Hospital of Austin (along with MedCath and other physicians) integrated with St. David's. Beginning with its second quarter of fiscal 2010, which ends March 31, MedCath will account for Heart Hospital of Austin as an asset-held-for-sale for current and prior ...
Read articleMEDCATH CORP Files SEC form 8-K, Results of Operations and Financial Condition
2010-02-19 01:20:06
Quote: Results of Operations and Financial Condition
On February 17, 2010, MedCath Corporation ("MedCath") furnished on Form 8-K
Consolidated Statements of Operations (Presenting Heart Hospital of Austin as a
Discontinued Operation for Each Period Presented) as exhibit 99.2. For purposes
of providing additional information, MedCath is furnishing Exhibit 99.1 herewith
which reflects for all period presented the allocation of net income from
continuing operations and discontinued operations a...
Read articleInPlay: Medcath enters definitive agreement to sell Heart Hospital of Austin
2010-02-18 01:05:23
Keywords: market update, investing education, financial advice, financial planning
Quote: The transaction is expected to close during MedCath's third fiscal quarter of 2010, subject to customary closing conditions and regulatory requirements.
GGWPQ) 12.02 : Co sends a letter to Simon Property Group (SPG) in response to Simon's unsolicited indication of interest to acquire GGP. In the letter, General Growth Properties reiterates its process for exploring all potential alternatives for emergence from bankruptcy and maximizing value for all of GGP's stakeholders. These a...
Read articleMedCath Enters Definitive Agreement To Sell Heart Hospital of Austin
2010-02-18 01:05:23
Quote: The transaction is expected to close during MedCath's third fiscal quarter of 2010, subject to customary closing conditions and regulatory requirements.The sale comes after Austin Heart, a leading cardiology practice and co-founder of Heart Hospital of Austin (along with MedCath and other physicians) integrated with St. David's. Beginning with its second quarter of fiscal 2010, which ends March 31, MedCath will account for Heart Hospital of Austin as an asset-held-for-sale for current and prior ...
Read articleMedCath to sell Austin hospital
2010-02-18 01:05:22
Quote: MedCath Corp. has agreed to sell the Heart Hospital of Austin to St. David’s HealthCare Partnership.Financial terms of the deal, which is slated to close by June, weren’t disclosed.The 58-bed hospital in Austin, Texas, opened in 1998. The sale comes after Austin Heart, a cardiology practice and co-founder of Heart Hospital of Austin, merged with St. David’s.“Heart Hospital of Austin has helped distinguish MedCath, epitomizing our model of providing high-quality care in an...
Read articleMEDCATH CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
2010-02-18 01:05:22
Quote: Entry into a Material Definitive Agreement.
On February 17, 2010, MedCath Corporation ("MedCath") and its physician
partners announced that they have entered into a definitive agreement to sell
substantially all of the assets, and to assign certain of the liabilities, of
Heart Hospital of Austin to St. David's Healthcare Partnership, L.P. ("Buyer")
for approximately $83.6 million. MedCath will retain all of its accounts
receivable arising from the operation of the Heart Hos...
Read articleSt. David's HealthCare buying Heart Hospital for $83M
2010-02-18 01:05:18
Quote: Heart staff and management will stay on through the deal and signage is not expected to change.North Carolina-based MedCath Corp. (Nasdaq: MDTH) opened the 58-bed Heart Hospital in 1998 during a time of a massive health care consolidation in the region. But the specialty cardiac hospital since has proved viable competition to the city's dominant health care providers — St. David's HealthCare Partnership and Seton Healthcare Network.Austin-based St. David's operates 24 care cent...
Read articleMEDCATH CORP Files SEC form 10-Q, Quarterly Report
2010-02-10 03:07:10
Quote: Beginning in our first quarter of fiscal 2010, our MedCath
Partners Division renegotiated certain management contracts. As a result,
certain expenses once incurred by our MedCath Partners Division and reimbursed,
are no longer being billed nor incurred by our MedCath Partners Division. There
was a $1.0 million decrease in net revenue in our MedCath Partners Division as
well as a $1.0 million reduction in expenses due to this billing change. Net
revenue on a same facility basis was as follows:
Th...
Read articleQ1 2010 Medcath Corporation Earnings Release - Before Market Open
2010-02-05 03:55:42
Quote: Read article