Cantor Fitzgerald analyst Joseph France noted that it has been reported that UnitedHealth (UNH) is terminating its contract with Envision Healthcare (EVHC) because of alleged deficiencies in the latter's billing practices. He sees this as "particularly damaging" to Envision, both because of UnitedHealth's importance as a leading insurer and because it is central to Envision's effort to convert more of its business in-network. The analyst, who said client turnover could be a headwind for Envision in 2018-19, maintains his Neutral rating on the stock.
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