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MarketScreener Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

BOEING COMPANY (THE)

(BA)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 06/05 09:43:02 am
202.405 USD   +9.82%
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Large employers push back on U.S. healthcare mergers during coronavirus crisis

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05/22/2020 | 10:07pm EDT
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Everett

By Rebecca Spalding

A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and doctors groups that received government money to cope with the effects of the COVID-19 pandemic.

The Pacific Business Group on Health, whose members include Boeing, Salesforce, Tesla, and Walmart, said in a letter addressed to congressional leaders this week that it feared that further consolidation in the healthcare industry could lead to higher costs.

Physician practices' revenues have plummeted across the United States since shutdowns were imposed to stop the spread of the coronavirus, as patients stay home except for emergencies.

Even before the pandemic, well-funded hospital systems were taking over smaller doctors groups and hospitals to increase market share.

PBGH said it fears these larger players will be even better positioned to buy struggling practices coming out of the crisis, raising healthcare prices for employers. The group asked for a year-long M&A ban for any healthcare provider receiving any of the $170 billion government relief approved for the industry.

"Anti-competitive practices are increasingly concerning to large employers. What we're seeing happening right now is the collapse of independent primary care," Elizabeth Mitchell, chief executive officer of PBGH, told Reuters.Politicians and regulators have already been scrutinizing mergers in the hospital industry.

The Federal Trade Commission moved to block a merger between two Pennsylvania hospitals in February, on the grounds that consolidation would mean the systems would have fewer incentives to keep costs down.

(Reporting by Rebecca Spalding in New York; Editing by Sonya Hepinstall)

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Financials (USD)
Sales 2020 68 275 M - -
Net income 2020 -1 501 M - -
Net Debt 2020 33 751 M - -
P/E ratio 2020 -68,9x
Yield 2020 0,67%
Capitalization 104 B 104 B -
EV / Sales 2019
EV / Sales 2020 2,02x
Nbr of Employees 161 100
Free-Float 55,6%
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 171,71 $
Last Close Price 184,30 $
Spread / Highest target 52,5%
Spread / Average Target -6,83%
Spread / Lowest Target -40,3%
EPS Revisions
Managers
NameTitle
David L. Calhoun President, Chief Executive Officer & Director
Lawrence W. Kellner Non-Executive Chairman
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Enterprise Performance & Strategy
Theodore Colbert Executive Vice President
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