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Saturday, February 16, 2019

Week Ahead: CVS, CHS, AllScripts ready earnings reports

Feb. 20: Insurance industry analysts are anxiously waiting for CVS Health to report its Q4 2018 financial results. It’ll be the first quarter since the pharmacy behemoth closed its $70 billion deal to acquire health insurer Aetna in November.
Feb. 20: Also on Wednesday, Community Health Systems will release its Q4 2018 financial results after market close. The investor-owned hospital chain’s executives will host a call to discuss the results on Feb. 21. Investors will be paying close attention to the company’s progress in selling hospitals to pay down its debt. CHS missed its 2018 goal of generating $1.3 billion in proceeds from divestitures last year, having pulled in only $400 million.
Feb. 21: Electronic health record system company AllScripts Healthcareplans to announce its Q4 2018 and year-end earnings results. The figures will include any effects from a ransomware incident last year, as well as those from layoffs announced in December.

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