Ticker: Nvidia replaces Intel on the Dow index; Former Steward doctor’s group renamed

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.

Paint-maker Sherwin-Williams will also replace chemical company Dow Inc. among the companies that make up the 30-stock average.

S&P Dow Jones Indices said that the changes that take effect Nov. 7 “were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively.”

It added that because the Dow is price-weighted, “persistently lower priced stocks have a minimal impact.”

Former Steward doctor’s group renamed

The sale of Steward Health Care’s physician network to the Rural Healthcare Group has been finalized, the buyer announced Thursday along with a new name for the consolidated company: Revere Medical.

The Tennessee-based affiliate of New York-based private equity firm Kinderhook Industries agreed in August to buy Stewardship Health for $245 million in cash. Revere Medical said Thursday that the transaction had closed and that its new name is meant to reflect the “path to building the country’s most revered provider organization.”

“Combining the organizations will allow for Revere Medical to accelerate the impact of our operating model across more providers, patients, and communities,” Benson Sloan, CEO of Revere Medical, said in a statement. “The next step is to integrate the two organizations while making further investments to bolster the delivery of care. As Revere Medical, our mission of improving the lives of people in underserved areas through high-quality care remains unchanged.”