I hope that all of you had a good summer... and also that none of you invested any money in HMS Holdings in early June. (We'll talk about that later.)
Our first meeting is scheduled at our usual time at 2:30 on Sunday, unless one of you absolutely cannot make it. If that is the case, please send me a message as soon as you can.
At this first meeting, we should all get caught up on what has been going on in the Healthcare Sector in the last few months and discuss how that relates to general trends overall. The lecture will review some basic components of the Managed Care and PBM system, and discuss how that relates to the recent consolidation in the payer space (Aetna-Humana, Anthem-Cigna, United-Catamaran, etc.). With this in mind, please take the time to review these events by reading the articles listed at the end of this email as well as investigating on your own.
Additionally, for your first assignment of the year, please write a short summary of what you think happened to HMS over the summer (half a page should be fine), and also be prepared to discuss an opportunity you believe exists in the healthcare stock market.
Looking forward to the quarter.
Detailed timeline of deals