This post was just published on ZYX Buy Change Alert.
THC is jumping on the news. Consider taking profits on a 10% tranche on the trade around position in the zone of $51.90 to $53.43. It is trading at $52.07 as of this writing. Partial profits have been previously taken on the trade around position. After this profit taking only 20% of the trade around position will be held.
The long-term core position is separate and distinct from the trade around position. The long-term core position is from $20.40. 15% of the full core position is being held. Partial profits have been taken on the core position as high as $46.87. Consider continuing to hold this long-term core position in THC.
THC has signed an agreement under which THC and United Surgical Partners International will combine their short-stay surgery and imaging center assets into a new joint venture. THC will initially own 50.1% of the joint venture, the other existing investors in USPI will initially own the remaining 49.9%. The joint venture will have ownership interests in 244 ambulatory surgery centers, 16 short-stay surgical hospitals and 20 imaging centers in 29 states. The combined operations will have partnerships with 50 health systems and more than 4,000 physicians at the facility level. THC also has entered into an agreement to acquire the operations of Aspen Healthcare, which operates nine private hospitals and clinics in the United Kingdom. Both transactions are subject to customary closing conditions, including in the case of USPI the receipt of regulatory approvals, and both are expected to close by the third quarter of 2015.
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