GM Strike Ripples Out to Suppliers on Day 4
Experts say hundreds of thousands of U.S. workers could be laid off as the impact of the strike spreads.
Health Care Software Maker Phreesia Files for $125 Million IPO
The company, which provides a patient-intake software platform for health care providers, has processed $1.4 billion in patient payments.
Hack Exposes Data of Quest Diagnostics Patients
The lab testing giant says a hacker gained access to personal data of about 11.9 million patients that it had provided to a billing collection service.
S&P Warns of Negative Impact From GE Spinoff
The rating agency puts GE on watch for a possible downgrade, saying the healthcare spinoff could result in “more volatile profitability and cash flow.”
Analogic Agrees to $1B Sale to PE Firm Altaris
The pioneer of computer tomography imaging cites "the increasingly competitive markets that we serve" in deciding to end its 50 years of independence.
GE Sells Healthcare Assets to PE Firm for $1B
The sale to Veritas Capital appears to fit General Electric's "overarching objective to become a truly digital industrial company."
Humana Puts Tax Savings Into Worker Benefits
The insurer is raising its minimum wage, joining other companies that have announced some form of bonus or wage hike resulting from the new tax law.
June Cyberattack Bites Into Nuance Revenues
The NotPetya malware hit Nuance's cloud-based dictation and transcription services for hospitals and health systems, costing it $53 million in Q4 revenue.
Anthem, Cigna Trade Lawsuits Over Merger
The suits follow a court ruling blocking the deal, with Anthem attempting to stop Cigna from terminating their agreement.
Aetna, Humana Walk Away From $34B Merger
The insurers cited the Jan. 23 ruling in which a federal judge found the deal would substantially reduce competition in the Medicare Advantage market.
Court Blocks Another Healthcare Megamerger
The proposed Anthem-Cigna deal "is likely to have a substantial effect on competition in what is already a highly concentrated market," the judge says.