Illumina Takeover Chatter, Medicare & Medicaid Insurers Jump: Healthcare Business Update
Shares of Illumina (NASDAQ:ILMN) spike then fall back some on renewed takeover chatter. However, speculation also has it that the move might linked to the company’s presentation Wednesday at the ASHG Conference being held in San Francisco, but Illumina is only sponsoring a workshop that began late in the day.
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Some companies won last night when the Electoral College was decided, some didn’t. Winners include the Medicare and Medicaid insurers as the President’s re-election keeps the Affordable Care Act on the books and ensures that dollars will continue flowing to their firms. Shares of Centene Corporation (NYSE:CNC), Molina Healthcare (NYSE:MOH), and WellCare Health Plans (NYSE:WCG) all moved up on the news.