Why Evolent Health Stock Is Soaring Today
Shares of Evolent Health (NYSE: EVH) were soaring 14% higher as of 10:47 a.m. ET on Friday. The big gain came after the company announced the day before that it plans to acquire NIA (also known as Magellan Specialty Health) from Centene (NYSE: CNC). NIA helps healthcare organizations manage costs and improve quality in several specialty areas.