Yahoo Finance 4 Healthcare Stocks Gaining Speed on Wednesday (1/2/19)
CORAL GABLES, FL / ACCESSWIRE / January 2, 2019 / As we dive, head-first into the new year, companies in the healthcare sector are working tirelessly to create and implement nuanced methods for treating patients with a myriad of diseases and ailments. Presently, consumers in the marketplace are more demanding than previous generations. Companies recognize this detail and understand that they must meet both the needs and expectations of each customer, through designing products and services tailored to each patient. From data-based care solutions to improved treatment options, Premier Health Group (OTC:PHGRF) (CSE:PHGI), Novavax Inc (NASDAQ: NVAX), Rite Aid Corporation (NYSE:RAD), and Bausch Health Companies Inc (NYSE: BHC) are 4 healthcare stocks representing companies prepared to innovate towards the future of the industry.
Premier Health Group (OTC:PHGRF) (CSE:PHGI), a company dominating the telehealth sector of the healthcare industry, enjoyed a strong month of bullish trading back in December, with Company shares soaring well above the 30% mark in a 30-day period. This upswing may be a result of momentum catalyzed by Premier's entering into a binding LOI agreement to acquire all outstanding secures of Cloud Practice Inc several weeks ago.
Earlier, last month, Premier Health Group (OTC:PHGRF) (CSE:PHGI) announced that as part of a strategic growth plan to cover the major verticals associated with primary care, the Company signed another binding Letter of Intent to acquire a Vancouver-based pharmacy. Per the details of the announcement, the acquisition is subject to customary closing conditions, inducing execution of a definitive acquisition agreement and receipt of any required regulatory and stock exchange approvals.
"We are excited for this opportunity to acquire our first pharmacy, and thereafter being able to prepare and deliver prescription and non-prescription pharmaceuticals and other health products to patients. In doing so, the pharmacist will play an integral role in our team-based patient centric model," said Dr. Essam Hamza, CEO of Premier.
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Novavax, Inc (NVAX), in an effort to retain a strong, cohesive leadership team, announced in early December that the Company would be promoting Jill Hoyt to Senior Vice President of Human Resources andBiegie Lee to Vice President of Information Technology.
Stanley Erck, Presidentand CEO of Novavax, said, "I am thrilled to announce these two important management promotions; Jill and Biegie are vital parts of a seasoned executive team striving to accomplish our near and long-term corporate objectives. Jill has been working with me and the senior leadership team to hire, develop and supportemployees of this company, which is consistently being recognized as one of the best in the biopharmaceutical industry. Biegie has been leading Novavax' efforts to preserve, protect and support our robust IT infrastructure, an important function given our needs around the ongoing management of enormous amounts of data with complex information system tools."
For More Information On Novavax, Inc, Click Here
Rite Aid Corporation (RAD) saw its shares enjoy a 3.45% boost, to $0.73 per share, in midday trading on Monday, following an announcement towards the end of December that the Company had entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million "first-in, last out" senior secured term loan facility.
According to the press release regarding the announcement, the new $3.15 billion credit facilities refinance Rite Aid's existing $2.7 billion senior secured asset-based revolving credit facility that was scheduled to mature in January 2020. The new facilities extend the company's debt maturity profile and provide additional liquidity. The new senior secured credit facilities mature in December 2023, subject to an earlier maturity on December 31,2022 if Rite Aid has not repaid or refinanced its existing 6.125% Senior Notes due 2023 prior to such date.
For More Information on Rite Aid Corporation, Click Here
Bausch Health Companies Inc (BHC) announced, in mid-December, that it had entered into a definitive agreement to acquire certain assets of Synergy Pharmaceuticals Inc in a transaction valued at approximately $200 million plus certain assumed liabilities.
Joseph C. Papa, chairmanand CEO of Bausch Health, said, "the acquisition of the assets of Synergy will enhance our Salix Pharmaceuticals business. We believeTRULANCE is a natural complement to XIFAXAN®, and with the scale and strength of our sales footprint in GI and primary care, our Salix team will be able to offer physicians and patients multiple treatment options that span the types of irritable bowel syndrome."
For More Information On Bausch Health Companies, Inc, Click Here
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