On Wednesday, Catamaran Corp (USA) (NASDAQ:CTRX)’s shares declined -0.01% to $61.26.
Catamaran Corp. (CTRX), a leading provider of pharmacy benefit administration (PBM) services and technology, and Health New England, Inc. (HNE), a health maintenance organization in Massachusetts, recently declared one-year results from Catamaran’s Hospital Transition Program, which dramatically reduced HNE’s hospital readmission rates and raised medication adherence.
Prior to implementing Catamaran’s Hospital Transition Program, HNE evaluated its commercial members that were re-admitted to a hospital within 30 days of discharge and found that 30 percent of those patients were taking more than six chronic medications simultaneously. This finding made implementing a program that promoted medication adherence critically important to assisting these members stay out of the hospital.
Catamaran Corporation provides pharmacy benefit administration (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits administration industry in North America. The company operates in two segments, PBM and HCIT. The PBM services comprise electronic point-of-sale pharmacy claims administration, retail pharmacy network administration, mail and specialty pharmacy claims administration, Medicare Part D services, benefit design consultation, preferred drug administration programs, drug review and analysis, consulting services, data access, and reporting and information analysis. It owns and operates a network of mail and specialty pharmacies.
Linn Energy LLC (NASDAQ:LINE)’s shares dropped -5.34% to $8.51.
LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable July 16, 2015, to unitholders of record as of the close of business on July 13, 2015.
LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable July 17, 2015, to shareholders of record as of the close of business on July 13, 2015.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas. As of December 31, 2014, the company had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells. Linn Energy, LLC was founded in 2003 and is headquartered in Houston, Texas.
At the end of Wednesday’s trade, CONSOL Energy Inc. (NYSE:CNX)‘s shares dipped -2.67% to $20.03.
CNX Coal Resources LP, a Delaware limited partnership formed by CONSOL Energy Inc. (CNX) declared that it has launched its initial public offering of 10,000,000 common units representing limited partner interests. The common units are predictable to trade on the New York Stock Exchange under the ticker symbol “CNXC.” The underwriters of the offering will have a 30-day option to purchase up to an additional 1,500,000 common units to cover over-allotments, if any.
The common units being offered in the offering represent a 42.2% limited partner interest in CNX Coal Resources (or a 48.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units). CONSOL will own a 55.8% limited partner interest in CNX Coal Resources (or a 49.5% limited partner interest if the underwriters exercise in full their option to purchase additional common units). In addition, CONSOL will own, through its ownership of CNX Coal Resources GP LLC, the general partner of CNX Coal Resources, a 2% general partner interest and the incentive distribution rights in CNX Coal Resources.
CONSOL Energy Inc., together with its auxiliaries, operates as an integrated energy company in the United States and internationally. The company operates through two divisions, Exploration and Production (E&P), and Coal. The E&P division produces pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from about 441,000 net Marcellus Shale acres; and controls about 118,000 net acres of Utica Shale potential in eastern Ohio, in addition to controls 108,000 net acres in Southwestern Pennsylvania and Northern West Virginia that contain the rights to the natural gas in Utica Shale; and owns rights to extract coalbed methane (CBM) in Virginia from about 268,000 net CBM acres, which cover a portion of its coal reserves in Central Appalachia.
Hartford Financial Services Group Inc (NYSE:HIG), ended its Wednesday’s trading session with -2.49% loss, and closed at $43.03.
The Hartford will release its second quarter 2015 financial results on Monday, July 27, following the close of the market.
The company will host a webcast to talk about its second quarter financial results on Tuesday, July 28, at 9 a.m. EDT. The webcast will be accessible on the investor relations section of the company’s website, http://ir.thehartford.com.
The Hartford Financial Services Group, Inc., through its auxiliaries, provides insurance and financial services to individual and business customers primarily in the United States. The companys Commercial Lines segment offers workers compensation, property, automobile, marine, umbrella, liability, and livestock coverages, in addition to customized insurance products and risk administration services, counting professional liability, bond, and specialty casualty coverages. Its Personal Lines segment provides standard automobile, homeowners, and personal umbrella coverages to individuals .
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