NorthAmericaEquityResearchMarch2019HEALTHCARE FACILITIES&MANAGEDCAREAMedicareforAll(M4A)FrameworkDiversifiedHMOs|GovnHMOs|AcuteCare|Sub-Acute|Outpatient|OutsourcedServicesNYCInstitutionalClientLunchWednesdayMarch6,ContactJPMsalesfordetailsHealthcareFacilities&ManagedCareGaryTaylorAC212-622-6600gary.******@-622-3682anthony.******@,includingnon-,,2018,,.”Thesis,TopPicks,Catalysts&“Out-of-Consensus”HighlightsLONG--ROICplayonthemostsecularinvestmenttrendintheUS;healthcarespendinggrowth>--,-TERMPOSITIONINGPayors(+):WeseeamodestreboundaftertheworstM4Abullet,Biden’slikelydeclaration&(--):’tseemsustainableonback-halfloadedguidance,weakvolumes&–retion,MAmomentum,FLMDCDmargins,AETPDP&–Wellpositionedpure- onferenceBoston Mar11-onferenceMiami Mar12-14HUMInvestorDayNYC Mar19MA2020AdvanceNoticeFinalRule mentsDue Apr8UNH2Q18Earnings Apr16MOHInvestorDayNYC May30CignaInvestorDayNYC May312020MA/PDPBidsDue June3CVSInvestorDayNYC CInvestorDayNYC June14TexasSTAR+Plus,STAR,ChipRFPAward ~June/July2Source:
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