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Follow on Google News | Medical Industry News: Action Sports Hub Joins Best Day Foundation to Help Special Needs Kids SurfBest Day Foundation has events on October 23 & 24th in Ventura Ca. and November 13 & 14 at Doheny State Beach in Dana Point Ca. If you'd like to volunteer go to www.bestdayfoundation.org.
By: Action Sports Hub Other Industry News: The Providence Service Corporation , Psychiatric Solutions, Inc. , Humana Inc. , HearUSA, Inc. , Hanger Orthopedic Group, Inc. and DaVita Inc. . : DaVita Inc. announced the signing of a new $3 billion senior secured credit agreement. The credit agreement establishes a $250 million senior secured revolving loan facility maturing in October 2015, a $1 billion senior secured term loan A facility maturing in October 2015 and a $1.75 billion senior secured term loan B facility maturing in October 2016. Loans made under the term facility and the revolving facility will generally bear interest at a rate based on LIBOR (which will, with respect to the term loan B facility, be subject to a floor of 1.50%) plus a margin. The margin is initially 2.75% for the revolving credit facility and the term loan A and 3.00% for the term loan B. The Company paid the lenders for the term loan B facility a closing fee in the form of original issue discount equal to 0.5%. The margin for the revolving credit facility and the term loan A is subject to leverage-based step-downs. The margin for the term loan B is subject to a ratings-based step-down. : Hanger Orthopedic Group, Inc. announced that it priced $200 million of senior notes due 2018 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and in offshore transactions pursuant to Regulation S under the Securities Act. The notes were priced at par with an interest rate of 7 1/8%. The offering is expected to close on November 2, 2010. The notes have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. : In a joint release, HearUSA, Inc. , a hearing care company for the nation's managed care providers, reported that several of its contracted health partners have expanded or reinstated hearing benefits for their members, effective January 1, 2011. Several plans have enhanced their Medicare offerings for 2011, including Preferred Care Partners (Florida), BCBS Horizon Medicare Blue (New Jersey) and BCBS Medicare Blue HMO (Florida). In addition, Humana Inc. , one of the nation's health benefits companies, has reinstated hearing benefits in its 2011 senior HMO product in Florida. The new agreements will provide hearing aid benefits to an additional 400,000 members who are located in HearUSA's major markets, including Florida and New Jersey. These new agreements are expected to increase revenues by approximately $3 million in 2011 and will bring the total number of enrollees covered by HearUSA's exclusive capitated and fee for service contracts to 2 million. The new and expanded managed care contracts are capitated contracts. : Psychiatric Solutions, Inc. (“PSI”) announced financial results for the third quarter ended September 30, 2010. Revenue increased 12.2% for the quarter to $508.5 million from $453.2 million for the third quarter of 2009. Income from continuing operations attributable to PSI stockholders increased 89.7% to $53.7 million for the third quarter of 2010 from $28.3 million for the third quarter last year and 88.0% per diluted share to $0.94 from $0.50. Results for the third quarter of 2010 included transaction costs of approximately $2.4 million, which were related to PSI’s previously announced definitive agreement providing for the acquisition of PSI by Universal Health Services, Inc. : The Providence Service Corporation announced that it is scheduled to report financial results for its third quarter ended September 30, 2010 on Wednesday, November 3, 2010, after the market closes. Providence will hold a conference call at 11:00 a.m. EDT (9:00 a.m. MDT and 8:00 a.m. Arizona and PDT) Thursday, November 4, 2010, to discuss its financial results and corporate developments. Interested parties are invited to listen to the call live over the Internet at http://investor.provcorp.com or http://www.earnings.com. The call is also available by dialing (888) 680-0892 or for international callers (617) 213-4858 and by using the passcode 81540937. Participants may pre-register for the call at https://cossprereg.btci.com/ About Action Sports Hub: Action Sports Hub is the World's PREMIER MMA Incubator for Future Champions and future Industry Leaders. Action Sports Hub (ASH) brings together two industries that are currently changing the next generation's future in sports, Action Sports and Mixed Martial Arts (MMA). For more information, go to the corporate website at www.actionsportshub.com & www.mma.actionsportshub.com. For more information on Action Sports Hub and the Companies products, send an email to info@actionsportshub.com. Disclaimer Action sports Hub (ASH) is NOT a financial advisor, broker, or even in the finance business. All the above news is already released news direct from the companies in the news. Action sports Hub and its divisions are an advertising firm that redistributes news through its various means of online, print, radio and television marketing. From past experience, any time you make an investment you should consult a financial advisor or someone who specializes in that field. Again from past experience, most financial advisors don’t know what they are doing and lack focused and long term training in finance so therefore we recommend you get a few opinions just to make sure you have good information. If it smells bad, often it is! # # # "Where Champions are bred and Industry Leaders are made" The World's PREMIER Action Sports & MMA portal. Action Sports Hub (ASH) brings together two industries that are currently changing the next generation's future in sports. End
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