NEW YORK, April 7, 2016 /PRNewswire/ -- Ulta Salon, Cosmetics & Fragrance Inc. (NASD:ULTA) will replace Tenet Healthcare Corp. (NYSE: THC) in the S&P 500, and Tenet Healthcare will replace Jarden Corp. (NYSE: JAH) in the S&P MidCap 400 after the close of trading on Friday, April 15. S&P 500 constituent Newell Rubbermaid Inc. (NYSE: NWL) is acquiring Jarden in a deal expected to be completed on or about that date pending final approvals. Tenet Healthcare has a market capitalization that is more representative of the mid-cap market space.
Ulta Salon, Cosmetics & Fragrance operates as a specialty retailer. Headquartered in Bolingbrook, IL, the company will be added to the S&P 500 (Global Industry Classification Standard) Specialty Stores Sub-Industry index.
Tenet Healthcare primarily operates acute care hospitals and related healthcare facilities. Headquartered in Dallas, TX, the company will be added to the S&P MidCap 400 GICS Health Care Facilities Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – April 15, 2016
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Ulta Salon, Cosmetics & Fragrances
Consumer Discretionary
Specialty Stores
DELETED
Tenet Healthcare
Health Care
Health Care Facilities
S&P MIDCAP 400 INDEX – April 15, 2016
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Tenet Healthcare
Health Care
Health Care Facilities
DELETED
Jarden
Consumer Discretionary
Housewares & Specialties
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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