I doubt that the ING talks are falling apart. I have the feeling that all of this is part of the negotiations. That doesn't mean that ING is going to be the acquirer, but I doubt that they've gone away.
More Quotes from David Shove:
We should point out that significant legal hurdles face the plaintiffs before they could prevail in these cases. Many of the agreements between the managed care companies and the physicians require arbitration and this could defuse the class actions ... However, we believe current HMO valuations assume these lawsuits will be dismissed out of hand. This is unlikely.David Shove
I think he's saying to ING ... that we have other places that we can go -- not that they have seriously responded to other inquiries.
David Shove
It is those trends that are bothering people. The (premium) pricing trends and (medical) cost trends have spooked investors.
David Shove
We're pretty bullish on the sector. I mean, what's happened at a macro level is that consumers have said that straight traditional HMO products are not their products of choice. They really want a product that gives them more options in terms of doctors and places to go for their health care. The traditional HMOs then have to evolve. This leads to some rising costs in turn, the companies raise premiums to keep up with that. Most of the companies have made this transition and are experiencing extremely strong earnings this year.
David Shove
Despite its best efforts, HCA hospitals experienced weaker profitable admissions, intensifying local competition, higher operating costs and fast-rising uninsured patient volumes. HCA's fourth-quarter performance showcases the hospital industry's increasingly turbulent and tumultuous environment.
David Shove
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