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Fly News Breaks for September 13, 2018
TRHC
Sep 13, 2018 | 09:21 EDT
The House of Representatives yesterday unanimously passed a bill that requests Health and Human Services to update the Program of All-Inclusive Care for the Elderly guidelines by the end of this year, Piper Jaffray analyst Sean Wieland tells investors in a research note. The new legislation aims to make it easier for PACE organizations to launch and expand, which will accelerate growth for Tabula Rasa HealthCare, the analyst contends. He notes Tabula's PACE business comprises over half of its revenue and that the company is currently the pharmacy services leader in the PACE market. Tabula Rasa "continues to be positioned in the right place at the right time," says Wieland. He reiterates an Overweight rating on the shares.
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