Press Releases
NEW YORK, Nov. 1, 2016 /PRNewswire/ -- HealthSouth Corp. (NYSE: HLS) will replace Rackspace Hosting Inc. (NYSE: RAX) in the S&P Midcap 400 after the close of trading on Thursday, November 3. Apollo Global Management LLC is acquiring Rackspace Hosting in a deal expected to be completed on November 2.
HealthSouth owns and operates inpatient rehabilitation hospitals, home health agencies, and hospice agencies. Headquartered in Birmingham, AL, the company will be added to the S&P Midcap 400 GICS (Global Industry Classification Standard) Health Care Facilities Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX – NOVEMBER 3, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
HealthSouth Corp |
Health Care |
Health Care Facilities |
DELETED |
Rackspace Hosting |
Information Technology |
Internet Software & Services |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com
SOURCE S&P Dow Jones Indices