Mar. 18, 2010 (PR Newswire) --
NEW YORK, March 18 /PRNewswire/ -- S&P MidCap 400 constituent Cerner Corp. (NASD: CERN) will replace BJ Services Co. (NYSE: BJS) in the S&P 500 index, S&P SmallCap 600 constituent MEDNAX Inc. (NYSE: MD) will replace Cerner in the S&P MidCap 400, and MicroStrategy Inc. (NASD: MSTR) will replace MEDNAX in the S&P SmallCap 600 index after the close of trading on a date to be announced. BJ Services is being acquired by S&P 100 & 500 constituent Baker Hughes Inc. in a deal expected to be completed soon, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Cerner provides healthcare information technology, healthcare devices, and content solutions for healthcare organizations and consumers. Headquartered in North Kansas City, MO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Technology Sub-Industry index.
MEDNAX provides neonatal, maternal-fetal and anesthesia physician services. Headquartered in Sunrise, FL, the company will be added to the S&P MidCap 400 GICS Health Care Services Sub-Industry index.
MicroStrategy provides business intelligence software. Headquartered in McLean, VA, the company will be added to the S&P SmallCap 600 GICS Application Software Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - TBA
GICS ECONOMIC GICS SUB-
COMPANY SECTOR INDUSTRY
---------
Health Care
ADDED Cerner Health Care Technology
----- ------ ----------- ------------
Oil & Gas
BJ Equipment &
DELETED Services Energy Services
------- -------- ------ ------------
S&P MIDCAP 400 INDEX - TBA
GICS ECONOMIC GICS SUB-
COMPANY SECTOR INDUSTRY
Health Care
ADDED MEDNAX Health Care Services
----- ------ ----------- ------------
Health Care
DELETED Cerner Health Care Technology
------- ------ ----------- ------------
S&P SMALLCAP 600 INDEX - TBA
GICS ECONOMIC GICS SUB-
COMPANY SECTOR INDUSTRY
Information Application
ADDED MicroStrategy Technology Software
----- ------------- ------------ ------------
Health Care
DELETED MEDNAX Health Care Services
------- ------ ----------- ------------
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's
