Health Net Hits 52-week High On Favorable Developments – Analyst Blog –

( HNT ) scaled a new 52-week high of $52.56 supported by a slew of positives. Last month, the company inked a seven-year master services contract with a wholly owned subsidiary of Cognizant Technology Solutions Corp. ( CTSH ). This deal will likely generate $150 million to $200 million in general and administrative and depreciation expense savings annually by 2017. Moreover, this deal is expected to strengthen the product development and service capabilities of Health Net thereby lending the company a competitive edge over its peers. Moreover, this month, Health Net of Arizona, Inc., a subsidiary of the company, signed an agreement with Banner Health Network to enhance health care for its Medicare Advantage (MA) members.
Health Net Hits 52-Week High on Favorable Developments – Analyst Blog –


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