LCK Wealth Management in New York, formerly affiliated with Merrill Lynch Wealth Management’s Private Banking & Investment Group, has joined HighTower, with the firm’s leader, Laurie Kamhi, becoming a partner and managing director of the Chicago-based firm. LCK is the 41st team to move to HighTower since the firm’s inception in 2008; Kamhi and her partners, Christine Torrey and Karman Tong, will be based in HighTower’s Midtown New York headquarters.
LCK is the third ex-wirehouse team to join HighTower in as many weeks. The first was Klein Wealth Management, based in Melville, N.Y., and led by Peter Klein, a former UBS advisor. Second was another former Merrill Lynch advisor team, The Andriole Group of Madison, Conn., led by Michael Andriole.
The addition of LCK Wealth reflects the type of firm that is attracted to HighTower, and its desire to bring on more firms led by women, said Michael Parker, HighTower’s national director of enterprise development. Kamhi, he said, is “one of the top female advisors in the industry, and has been for some time,” praising her for being “particularly adept in dealing with high-net-worth and ultra-HNW clients.” Moreover, Parker said “we want to grow that demographic of this business; if we’re trying to grow market share, we need top-caliber women advisors so you can capture that market.”
Top Healthcare Technology Stocks To Invest In Right Now: Community Health Systems Inc (CYH)
Community Health Systems, Inc., incorporated on June 6, 1996, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. As of December 31, 2012, the Company owned or leased 135 hospitals, Consisting of 131 general acute care hospitals and four standalone rehabilitation or psychiatric hospitals. These hospitals are geographically diversified across 29 states, with an aggregate of 20,334 licensed beds. The Company provides a range of general and specialized hospital healthcare services and other outpatient services to patients in the communities in which the Company are located. Services provided through its hospitals and affiliated businesses include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. On March 1, 2012, the Company acquired MetroSouth Medical Center in Blue Island, Illinois. On July 1, 2012, the Company’s subsidiaries acquired all of the assets of Memorial Health Systems in York, Pennsylvania.
Effective January 1, 2012, the Company completed the acquisition of Moses Taylor Healthcare System based in Scranton, Pennsylvania, which is a healthcare system comprised of two acute care hospitals and other healthcare providers. This healthcare system includes Moses Taylor Hospital (217 licensed beds) located in Scranton, Pennsylvania, and Mid-Valley Hospital (25 licensed beds) located in Peckville, Pennsylvania. Effective March 5, 2012, the Company completed a merger with Diagnostic Clinic of Longview, P.A., which is a multi-specialty clinic serving residents of Longview, Texas and surrounding East Texas communities. This healthcare system includes Memorial Hospital (100 licensed beds), the Surgical Center of York, and other outpatient and ancillary services. < /p>
The Company provides outpatient services at urg! ent care centers, occupational medicine clinics, imaging centers, cancer centers, ambulatory surgery centers and home health and hospice agencies. In addition to its hospitals and related businesses, the Company also own and operate 64 licensed home care agencies and 31 licensed hospice agencies, located primarily in markets where the Company also operate a hospital. Also, through its wholly owned subsidiary, Quorum Health Resources, LLC, or QHR, the Company provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States.
- [By Monica Wolfe]
Community Health Systems (CYH)
Richard Snow (Trades, Portfolio)’s largest holding is in Community Health Systems. The guru holds 2,452,485 shares of the company’s stock, representing 3.8% of his total portfolio as well as 2.59% of the company’s shares outstanding.
- [By Ben Levisohn]
Lee screened for stocks with low P/Es, positive net income growth, that had Overweight ratings by JPMorgan analysts and upside to analyst target prices. He found 19, including insurers MetLife (MET) and Aetna (AET), banking behemoth Wells Fargo (WFC), Meritage Homes (MTH) and hospital operator Community Health Systems (CYH).
Top Healthcare Technology Stocks To Invest In Right Now: Rimage Corporation(RIMG)
Rimage Corporation provides disc publishing and virtual publishing solutions that enable businesses to deliver digital content to their customers and employees worldwide. Its solutions enable delivery of videos, documents, audio files, and images. The company?s digital publishing solutions archive, distribute, and protect content on CDs, DVDs, and Blu-Ray Discs. It also offers a video platform, which captures, manages, and distributes live and on-demand content. The company, through its joint venture with Taiwan Electronic Data Processing Corporation, also provides Medical Disc System, a medical imaging disc publishing solution. Rimage Corporation was founded in 1978 and is headquartered in Minneapolis, Minnesota.
- [By ShadowStock]
RIMG: Rimage Corporation (RIMG)
“Helps businesses deliver digital content directly and securely to their customers, employees and partners”
Market Cap: $83.72M
Enterprise Value: $16.93M
Top Healthcare Technology Stocks To Invest In Right Now: Lifetime Brands Inc.(LCUT)
Lifetime Brands Inc. designs, sources, and sells branded kitchenware, tabletop, and other products primarily in the United States. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, bakeware, and cookware; and tabletop products, such as dinnerware, flatware, and glassware. The company also provides home solutions that comprise products, such as food storage, pantry ware, spices, and home d