Surgery Partners Receives Consents

Surgery Partners Receives Consents

Surgery Partners said late Thursday that it received the consents necessary to effect certain amendments of the indenture governing its 8.875% senior notes due 2021. On May 10 Surgery Partners agreed to pay $750 million for National Surgical Healthcare, an owner and operator of surgical facilities. Funding for Surgery Partners’ acquisition of NSH will be provided in part by an affiliate of Bain Capital Private Equity, which as part of […]

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Zogenix Reports New Data

Zogenix Reports New Data

Zogenix said Monday that new data demonstrated the mechanism of action of ZX008, a low-dose fenfluramine treatment being developed as an adjunctive treatment for Dravet syndrome, a rare epileptic encephalopathy. “The assumption to date has been that the anti-seizure activity of fenfluramine is mediated through known, primarily serotonergic mechanisms. However, the meaningful and prolonged reductions in seizure frequency observed following the use of fenfluramine in patients with DS has not […]

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Unilever ADRs Reach New Record

Unilever ADRs Reach New Record

Unilever NV American depositary shares rose to a new record on Monday after the company said it has agreed to acquire the personal care and home care brands of Quala, a Latin American consumer goods company, for an undisclosed amount. UN was up nearly 1% at $54.21 recently, trading in a new 52-week range between $38.41 and $54.23. Unilever said the portfolio of products had a combined turnover of $400 […]

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Mylan Reports Mixed Q1

Mylan Reports Mixed Q1

Mylan N.V, a pharmaceutical company, Wednesday reported Q1 earnings just above Street view, but missed on revenues, and said it “remains confident” in full-year 2017 guidance. Mylan traded up 2% pre-bell. The company reported Q1 adjusted EPS of $0.93, a penny above the Street view of $0.92, and also above the $0.76 reported a year earlier. Revenues rose to of $2.72 billion from $2.19 billion reported a year earlier, but […]

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Diamondrock Hospitality Tops Projections On Q1 Results

Diamondrock Hospitality Tops Projections On Q1 Results

DiamondRock Hospitality, a lodging-focused real estate investment trust, reported Q1 adjusted funds from operations of $0.18, down from $0.21 in the same period a year ago and topping the estimate of $0.16 from analysts polled by Capital IQ. Total revenues of $196.2 million were down from $213 million in the same period a year ago but topped the Street projection of $192.9 million. The company guided full year adjusted funds […]

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