Walgreens' acquisition of Rite Aid would combine two of the largest U.S. drugstore chains.
The deal, which could be announced Wednesday, would combine the second-and-third largest U.S. drugstore chains, according to reports.
Shareholders will get their say on two big deals: Aetna's $37B bid for Humana, and Centene's $6.3B bid for Health Net.
*Q2 adj. profit 79 cents/ shr vs est 73 cents/ shr. Aug 5- IT services provider Cognizant Technology Solutions Corp reported stronger-than-expected quarterly revenue and profit, as its business that serves the healthcare industry led the company's growth for the third quarter in a row. Like its Indian rivals Tata Consultancy Services, and Infosys Ltd, New Jersey-...
*Medicaid memberships rise 10.8 pct. Last month, Anthem Inc said it would buy Cigna Corp and Aetna Inc announced the acquisition of Humana Inc.. The deals could present acquisition opportunities for WellCare and rival Centene Corp as Anthem and Aetna might have to sell some Medicare Advantage plans to satisfy antitrust regulators.
July 28- Health insurer Centene Corp reported a better-than-expected quarterly profit and said it would consider buying the Medicare Advantage plans its rivals are likely to divest during the current phase of consolidation in the managed care industry. Anthem Inc said last week that it would buy Cigna Corp for about $54.2 billion, creating the largest U.S....
July 28- Health insurer Centene Corp reported a better-than-expected quarterly profit as it added 1.3 million more members compared with a year earlier. The company, which agreed to buy smaller rival Health Net Inc for $6.3 billion this month, said net profit rose to $88 million, or 72 cents per share, in the second quarter ended June 30, from $49 million, or 41 cents...
July 28- Health insurer Centene Corp reported a 79.6 percent jump in quarterly profit as it added 1.3 million members. The company, which agreed to buy smaller rival Health Net Inc for $6.3 billion in July, said net profit rose to $88 million, or 72 cents per share, in the second quarter ended June 30 from $49 million, or 41 cents per share, a year earlier.
Aetna falls after Humana deal. Greek Prime Minister Alexis Tsipras promised German Chancellor Angela Merkel that Greece would bring a proposal for a cash-for-reforms deal to an emergency summit of euro zone leaders on Tuesday, a Greek official said. Though Greece is causing a lot of uncertainty, a deal should get done to keep them in the Euro Zone, according to...
*IMF says will help Greece if asked, ECB holds call. *Aetna falls after Humana deal, other insurers lower. U.S. stocks opened more than half a percent lower, but pared some of those losses, even turning positive briefly, after the International Monetary Fund said it is ready to assist Greece if asked.
July 3- Health insurer Aetna Inc said it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc's No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. Antitrust authorities, who were aggressive in...
Very low jobless claims may be a sign that March's low employment report will be revised upward.
Biotech, which has been a market leader all year, is weak, with both the market-cap weighted IBB and equal weighted XBI down roughly 4 percent each.
California's Obamacare exchange gave UnitedHealth Group limited access to the state's individual insurance marketplace.
Starting Saturday, millions of Americans will begin to either re-enroll, or sign-up for the first time, for insurance plans at HealthCare.gov. Here's what investors need to know.
The largest U.S. pharmacy benefit manager, Express Scripts, is cutting back on compounded medications, saying most are ineffective or overpriced.
As Americans rush to sign up for Obamacare plans before the March 31 deadline, investors have turned bullish on health insurers.
Some of Monday's midday movers:
Humana shares surged more than 7 percent Monday after it said proposed health department rate cuts may be more benign than anticipated.
President Obama's administrative fix for health insurance cancellations seems simple enough. But for the insurance industry, it's anything but easy.