Chanos announces bets against health-care stocks Mednax and Envision Healthcare
Shares of Mednax Inc. and Envision Healthcare Co. declined midday Wednesday after prominent short-seller Jim Chanos, the founder of Kynikos Associates, recommended betting against stocks of those companies. Shares of Envision, a health-care company and national hospital-based physician group, were most recently down 0.4%, while those for Mednax, which focuses on neonatal and pediatric health services, were off 1.3%. Chanos has previously stated his bets against Envision but reiterated the call at CNBC's Delivering Alpha conference. He described both bets as rooted in potential accounting issues. Shares of Mednax are down nearly 19% so far this year, while those for Envision are up about 29%, according to FactSet data.
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