On Thursday, Catamaran Corp (USA) (NASDAQ:CTRX)’s shares showed no change to $61.15.
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.
VAALCO Energy, Inc. (NYSE:EGY)’s shares gained 5.20% to $2.12.
VAALCO Energy, Inc. (EGY) declared that Cary Bounds will join VAALCO as Chief Operating Officer effective July 6, 2015.
Mr. Bounds is a petroleum engineer and has almost 25 years of domestic and international asset administration, business development, planning and technical engineering experience at large, multinational energy companies in addition to at mid-sized and larger independent E&P companies.
From 2010 until joining VAALCO, Mr. Bounds was employed with Noble Energy where he held upstream positions in international assets administration, counting Business Unit Manager, Equatorial Guinea Assets, and Country Manager, North Sea. Prior to Noble, he held a variety of administration and engineering positions with companies counting SM Energy where he was Engineering Manager for their Gulf Coast and Permian assets, and at Dominion Energy & Minerals where he was Manager of Business Analysis and Corporate Development, Planning Manager, and Reservoir Engineering Supervisor. He began his career at ConocoPhillips in 1991 as a production engineer.
Mr. Bounds holds a Bachelor of Science degree in Petroleum Engineering from Texas A&M University and is a resident of Houston.
VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas in the United States. The company owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola, in addition to conducts exploration activities as a non-operator in Equatorial Guinea, West Africa. It also acts as the operator of unconventional resource properties in North Texas and a lease hold in Montana; and owns minor interests in conventional production activities as a non-operator.
At the end of Thursday’s trade, Oshkosh Corporation (NYSE:OSK)‘s shares surged 0.94% to $41.67.
Following a $184 million order from the U.S. Army TACOM Life Cycle Administration Command (LCMC), Oshkosh Defense, LLC, an Oshkosh Corporation (OSK) company, will produce 698 Family of Medium Tactical Vehicles (FMTV) trucks for the U.S. Army. Deliveries will start in 2016.
Oshkosh began producing FMTVs for the U.S. Army in 2010. Since then, Oshkosh has delivered more than 22,000 trucks and 11,000 trailers counting a recent order in December 2014 for 256 FMTVs. The Oshkosh FMTV continues to provide record-setting quality and noteworthycost savings to the U.S. Army, and was recognized by the U.S. Department of Defense with the 2013 Value Engineering Achievement Award.
The U.S. Army and National Guard rely on the FMTV at home and abroad in tactical and combat operations, relief efforts and unit resupply missions. The Oshkosh FMTV equips soldiers with crew-protecting armor and advanced technologies to provide the versatility, mobility and protection as they perform their missions.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. Its Access Equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional, and general maintenance applications. This segment also offers towing and recovery equipment, and carriers and wreckers; and installs equipment and sells chassis and service parts, in addition to offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements. Its Defense segment manufactures severe-duty, heavy, and medium-payload tactical trucks for the department of defense, counting hauling tanks, missile systems, ammunition, fuel, troops and cargo for combat units, and light-payload tactical vehicles.
Hercules Offshore, Inc. (NASDAQ:HERO), ended its Thursday’s trading session with -0.32% loss, and closed at $0.215.
Hercules Offshore, Inc. (HERO) said Saudi Aramco – the state-owned national oil company of Saudi Arabia – has withdrawn its formerly issued notice of termination for Hercules 261, one of the three jackup rigs working in the Persian Gulf.
Moreover, all terms and conditions of the contract will remain effective for the remaining tenure of the five-year period that runs through Nov 2019.
Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. The company operates through Domestic Offshore, International Offshore, and International Liftboats segments.
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