Small-Cap Winners & Losers: MEDecision

Small-cap stocks took a tumble along with the broader market Wednesday. The Russell 2000 ended down 0.8% at 730.71, and the S&P SmallCap 600 finished down 0.8% at 386.27.

On the winning side, shares of MEDecision (MEDE - Cramer's Take - Stockpickr) skyrocketed 287% to $6.62. The Wayne, Pa.-based health-care management company said Wednesday it had agreed to be bought by insurer Health Care Service for $7 a share, or roughly $121 million, in cash. That buyout price amounts to more than 4 times the closing price of the stock on Tuesday.

Los Angeles-based health-care services company Hythiam (HYTM - Cramer's Take - Stockpickr) rose 15.9% to $2.91 after Rodman & Renshaw initiated coverage of the stock with a market outperform rating.

Kingwood, Texas-based Administaff (ASF - Cramer's Take - Stockpickr) on an upgrade from First Analysis to overweight from equal-weight. Shares of the company, which provides personnel management services, were up 2.9% to $29.20.

Also seeing a rise was Mueller Water Products (MWA - Cramer's Take - Stockpickr), a water infrastructure marketer out of Atlanta that received an upgrade from Robert W. Baird to outperform from neutral. Shares initially climbed about 3% but ended the session flat.

Among the losers, BankUnited Financial (BKUNA - Cramer's Take - Stockpickr) sank on two analyst downgrades. Shares of the Coral Cables, Fla., company, which provides consumer and commercial banking services to customers throughout Florida, plummeted 30.5% to $2.35 on a downgrade from Suntrust to neutral from buy. Friedman Billings downgraded the stock to underperform from market perform.