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Oak Street Health Opens New Care Centre In Cleveland
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Oak Street Health, Inc. (NYSE:OSH) has an ROI of 39.60%, which is one of the highest amongst large-cap companies. The company has opened a fourth primary care center for adults in Cleveland. The 6410 Broadway Avenue center is the company's 7th center in Ohio joining the Youngstown and Dayton centers. Oak Street Health's chief growth officer Tamara Jurgenson said that the company has continued to rebuild healthcare and they are ready to welcome new patients to the new facility to improve quality of life.
The company recently closed its IPI of 17.97 million common shares including the option for underwriters to buy additional 2.344 million shares at IPO price of $21 per share.
Ulta Beauty Offering Discounts In Its 21 Days Beauty Sale To September 19, 2020
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Ulta Beauty Inc. (NASDAQ:ULTA) also has an ROI of 36.80%, which is one of the highest for large-cap companies. The company has announced its 21 Days of Beauty sale with the 2020 second installment starting from August 30 through September 19. The deals are 50% off which is an amazing opportunity for customers to refresh their beauty collection. There is plenty of makeup and skincare products that will please customers who can even try them virtually using the GLAMlab app.
In the second quarter, the company's net sales were $1.2 billion compared to $1.7 billion in Q2 2019. The company reported net income of $8.1 million or $0.14 per share and adjusted net income of $41.5 million or $0.73 per share.
InterContinental Hotels Group Mulling Over A Merger With Accor
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InterContinental Hotels Group PLC's (NYSE:IHG) ROI is 35.10%, which is also among the highest amongst large-cap companies. The company and Accor are mulling over a potential cost-driven merger but neither company has commented on the issue. According to Credit Suisse analysts Leo Carrington, the rationale behind the move will be to collapse central costs. The move will be complementary considering InterContinental has a huge presence in North American and China while Accor has a huge presence in Europe.
Also, InterContinental Hotels Group is enhancing its portfolio and new openings and signings. The company signed three new properties in 2020 among them being the Grand Pacific Hotel in Suva, Fiji which will be rebranded as InterContinental by 2022.
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COMTEX_370469102/2700/2020-09-01T07:10:08
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