On Monday, HMS Holdings Corp (NASDAQ:HMSY)’s shares declined -3.33% to $10.16.
HMS, Inc., (“HMS”) a wholly owned partner of HMS Holdings Corp. (HMSY), declared that the Company has commenced work as the prime contractor for the Florida Agency for Health Care Administration (AHCA) to provide coordination of benefits services for the State’s Medicaid population. Under this new contract, awarded in June following a competitive bid process, HMS will provide the following services: Medicare and other third party payer recovery, cost avoidance, the health insurance premium payment program, casualty recovery, estate recovery, trust and annuity recovery, and other cost containment services. The five-year contract runs through August 2020 and comprises an extension option of up to five additional years.
AHCA is the fifth largest state Medicaid program in the U.S., as measured by total spend. Over the past 13 years, HMS’s partnership with AHCA has generated about $1.2 billion in cash recoveries and an additional $11 billion in savings to the agency.
HMS Holdings Corp., through its auxiliaries, provides healthcare insurance benefit cost containment services in the United States. The company’s coordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to coordinate benefits for incoming claims; payment integrity services to identify improper payments on a pre-payment and post-payment basis, identify and recover overpayments, detect and prevent fraud and abuse, and identify process improvements; and eligibility verification services comprising asset and income verification, premium assistance, dependent eligibility audits, and other verification solutions.
Nielsen Holdings PLC (NYSE:NLSN)’s shares dropped -0.41% to $45.69.
Nielsen Holdings plc (NLSN), recently declared that the Company will be presenting at the Goldman Sachs Communacopia Conference in New York City on Wednesday, September 16, 2015.
Nielsen Holdings plc operates as an information and measurement company. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen. Its Buy segment provides data on retail measurement services, such as market share and competitive sales volumes; insights into distribution, pricing, merchandising, and promotion; consumer panel measurement, which offers insight into shopper behavior and customer segmentation; and consumer intelligence and analytical services for decision making in development and marketing cycles.
At the end of Monday’s trade, Sempra Energy (NYSE:SRE)‘s shares dipped -0.04% to $90.31.
Sempra U.S. Gas & Power declared a 100-megawatt (MW) expansion of its Mesquite Solar complex in Arlington, Ariz., about 60 miles west of Phoenix. When accomplished in late 2016, the expansion, called Mesquite Solar 2, will produce enough power for 45,000 homes.
The entire output of the Mesquite Solar 2 expansion has been sold to Southern California Edison under a 20-year power purchase agreement. The contract is subject to approval by the California Public Utilities Commission.
“We are happy to support Southern California Edison’s commitment to diversify its growing renewable energy portfolio through the development of Mesquite Solar 2,” said Kevin C. Sagara, president of renewables for Sempra U.S. Gas & Power. “The expansion of our landmark Mesquite Solar complex reflects the progressive vision and leadership by the state of Arizona and Maricopa County, and we look forward to delivering a new supply of clean, emission-free energy to California consumers.”
Construction on Mesquite Solar 2 is predictable to start this fall. The project will create hundreds of construction jobs, part of a multi-phase expansion that will employ about 600 workers at peak.
“Mesquite Solar 2 represents quality jobs for Arizona residents, in addition to an economic boost to local businesses,” said Clint Hickman, Maricopa Counter supervisor. “I look forward to seeing this new phase of Mesquite Solar complex break ground later this year.”
The 4,000-acre Mesquite Solar complex is among the largest photovoltaic solar facilities in the U.S. By late 2016, the complex’s three phases are predictable to produce a total of 400 MW.
Sempra Energy operates as an energy services holding company worldwide. The company’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. As of February 23, 2015, this segment offered energy service about to 3.4 million consumers through 1.4 million electric meters and 878,000 natural gas meters in San Diego and southern Orange counties. Its Southern California Gas Company segment transmits, distributes, and stores natural gas. As of February 6, 2015, this segment served about to 21 million consumers through 5.8 million meters in 500 communities.
PDL BioPharma Inc (NASDAQ:PDLI), ended its Monday’s trading session with -0.56% loss, and closed at $5.31.
PDL BioPharma, Inc. (PDL) (PDLI) declared that John P. McLaughlin, the company’s president and chief executive officer, will present at the 6th Annual Credit Suisse US Small & Mid Cap Conference in New York City next week. The group presentation will occur on Thursday, September 17, 2015 at 11:30 a.m. EDT.
PDL BioPharma, Inc. manages a portfolio of patents and royalty assets in the United States and Europe. The company is involved in the humanization of monoclonal antibodies and the discovery of a new generation of targeted treatments for cancer and immunologic diseases. It offers Queen et al. patents that cover humanized antibodies, methods for humanizing antibodies, polynucleotide encoding in humanized antibodies, and methods of producing humanized antibodies. PDL BioPharma, Inc. has license agreements with various biotechnology and pharmaceutical companies, in addition to acquires royalty and other assets. The company was formerly known as Protein Design Labs, Inc. and changed its name to PDL BioPharma, Inc. in 2006. PDL BioPharma, Inc. was founded in 1986 and is headquartered in Incline Village, Nevada.
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