Calif.-based Intuitive Surgical Stock A Stand Out In Health Care Group
Elsewhere, an electronic medical records company in San Francisco hires JPMorgan Chase to look into a 2017 IPO.
Intuitive Surgical Stock Run Leads Health Care Group As Fourth Quarter Report Nears
In a beaten-up stock market, Intuitive Surgical Inc stands out as the best-performing large-cap U.S. healthcare stock that is not an acquisition target. Shares of Intuitive, which boasts a dominant position in surgical robotic systems, have climbed 13 percent over six months. Over the same period, the Standard & Poor's healthcare sector index .SPXHC has slid 13 percent, and the only stock in the index to top Intuitive's performance was Baxalta Inc (BXLT.N), which recently agreed to be acquired for $32 billion by Shire Plc. (Krauskopf, 1/20)
The San Francisco Business Times:
Practice Fusion Reportedly Signs JPMorgan To Explore 2017 IPO
Practice Fusion, an electronic medical records company in San Francisco that has talked up an IPO previously, has reportedly hired JPMorgan Chase to look into a possible 2017 offering. According to a New York Times story citing anonymous sources and documents, such an offering could attract between $1.1 billion and $1.5 billion, depending in part of the size of Practice Fusion's revenues next year, but "the discussions are now in flux because of market volatility." (Rauber, 1/20)