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Fly News Breaks for May 18, 2016
ADPT
May 18, 2016 | 08:13 EDT
Jefferies analyst Brian Tanquilut says Adeptus Health's new joint venture with Texas Health Resources "meaningfully reduces" its risk profile as more than 50% of the company's freestanding emergency rooms are now partnered with non-profit health systems. Adeptus' five year growth outlook "remains robust" as unit growth of 25%-plus is being boosted by the continued realization of the Medicare opportunity, Tanquilut tells investors in a research note. He has a Buy rating on the shares with a $125 price target.
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