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Health Care Providers and Services

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  • 8 business owners making millions in elder care Wednesday, 8 Apr 2015 | 10:30 AM ET

    Elder care is projected to be a $13 trillion sector by 2032. These 8 savvy business owners are already profiting from the boom.

  • *UnitedHealth unit to buy Catamaran; Horizon to buy Hyperion. Among the deal news, OptumRx Corp, a unit of UnitedHealth Group, agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78 billion. Shares of UnitedHealth, a Dow component, rose 2.7 percent to $121.17 while U.S. shares of Catamaran added 24 percent to $60.12.

  • March 30- Health insurer UnitedHealth Group agreed to buy Catamaran Corp in a deal worth about $12.8 billion to boost its pharmacy benefit business as it competes with bigger rivals such as Express Scripts Holdings Co.. As employers look to cut prescription costs on expensive drugs, the deal with Catamaran will give UnitedHealth's pharmacy benefits unit,...

  • March 30- Health insurer UnitedHealth Group unit OptumRx Corp agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth about $12.8 billion. UnitedHealth's offer of $61.50 per share represents a premium of 27 percent to Catamaran's Friday close on the Nasdaq. Catamaran's stock was trading at $60.50 premarket on Monday, while UnitedHealth's was...

  • UnitedHealth Group to buy Catamaran for $12.78B Monday, 30 Mar 2015 | 6:55 AM ET
    UnitedHealth Group

    UnitedHealth Group unit OptumRx Corp agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78 billion.

  • UnitedHealth Group to buy Catamaran for $12.78 bln Monday, 30 Mar 2015 | 6:13 AM ET

    March 30- UnitedHealth Group unit OptumRx Corp agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78 billion.

  • *Measure spares doctors 21 percent pay cut if passes Senate vote. WASHINGTON/ NEW YORK, March 26- The U.S. House of Representatives on Thursday overwhelmingly approved a bill to permanently repair the formula for reimbursing Medicare physicians, marking a rare bipartisan achievement and sending the issue next to the Senate. The measure drafted and driven...

  • *Measure spares doctors 21 percent pay cut if passes Senate vote. WASHINGTON/ NEW YORK, March 26- The U.S. House of Representatives on Thursday overwhelmingly approved a bill to permanently repair the formula for reimbursing Medicare physicians, marking a rare bipartisan achievement and sending the issue next to the Senate. The measure drafted and driven...

  • March 23- Tenet Healthcare Corp on Monday said it would become the largest U.S. provider of outpatient surgery services through a joint venture with United Surgical Partners International and expects to fully own the company within five years. Tenet, the third-largest U.S. hospital operator, said it will pay $425 million to private equity firm Welsh, Carson,...

  • WASHINGTON, March 11- The entry of copycat biotech drugs into the U.S. market could cut prices of expensive medications by 40 percent to 50 percent, depending on the level of competition among drugmakers, a top executive at CVS Health Corp told Reuters. CVS is one of the largest U.S. pharmacy benefit managers and, along with rival Express Scripts, has put...

  • March 5- Mallinckrodt Plc said it would buy privately held Ikaria Inc, a maker of a respiratory drug and its delivery system, for $2.3 billion to expand its reach in hospitals. Shares of Mallinckrodt, a seller of generics, specialty drugs and medical imaging agents, were up 5 percent at $122 in premarket trading. Mallinckrodt expects the acquisition to add at least...

  • LOS ANGELES, March 4- A second top Los Angeles hospital has reported an outbreak of drug-resistant "superbug" infections, and dozens more potential exposures, from procedures performed with a fiber-optic instrument called a duodenoscope. The Cedars-Sinai cases, like the larger number of infections and potential exposures reported last month at the UCLA...

  • NEW YORK, March 4- U.S. hospital executives said on Wednesday they were optimistic they will avoid the toughest consequences of a Supreme Court decision on whether millions of Americans can continue to purchase subsidized health benefits under Obamacare. "I am hopeful that the court will recognize and uphold the intent of Congress, which was to expand coverage...

  • NEW YORK, March 4- Options on U.S. hospital companies were unusually active on Wednesday, with bets leaning to the bullish side as the U.S. Supreme Court heard arguments on a major challenge to President Barack Obama's healthcare law. Shares of major hospital operators rose as investors interpreted comments made by Supreme Court justices during arguments as...

  • The scopes were linked to the exposure of 179 patients to drug-resistant bacteria at UCLA's Ronald Reagan Medical Center in Los Angeles and may have contributed to two deaths. In early 2014, following a superbug outbreak at a hospital in Illinois, the FDA asked Fujifilm Holdings Corp, Olympus Corp and Pentax, which make the devices, to submit their test results...

  • Private equity tops a list of potential investors in a sector that represents 10 percent of Brazil's gross domestic product and shows promise of growth but is hobbled by aging infrastructure, a dearth of qualified staff and rising costs. Two of those sources said a proposal by Carlyle Group LP to pay as much as 2 billion reais for a 30 percent stake in Rede D'Or...

  • Feb 23- Tenet Healthcare Corp on Monday posted a fourth-quarter net profit compared with a year-ago loss as more patients visited its hospitals due to an improving economy and the expansion of health coverage to more Americans. U.S. hospitals are benefiting from the extension of insurance coverage under the Affordable Care Act through government-run...

  • Feb 23- Humana Inc said on Monday that the U.S. government's proposed payments to insurers that sell Medicare Advantage health plans would mean a 1.25 percent to 1.75 percent cut for the managed care company in 2016.. That is a steeper drop than the 0.95 percent figure the government proposed for the industry on Friday, but was still within expectations, analysts...

  • More than 170 patients who may have been infected by the carbapenem-resistant Enterobacteriaceae, or CRE, are being offered home testing kits that would be analyzed by the University of California at Los Angeles hospital system, UCLA officials said. The UCLA hospital system said an internal investigation determined in late January that CRE may have been...

  • The 179 patients who may have been infected by the carbapenem-resistant Enterobacteriaceae are being offered home testing kits that would be analyzed by the University of California, Los Angeles, hospital system, UCLA officials said. "The two scopes involved with the infection were immediately removed, and UCLA is now utilizing a decontamination process...