President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
U.S. hospital operator HCA Healthcare and private-equity firm KKR have joined forces to make an offer for U.S. physician services provider Envision Healthcare, people familiar with the matter said on Friday.
The move is aimed at giving HCA and KKR an edge over buyout firms that are also pursuing Envision, which has a market capitalization of $5.1 billion and long-term debt of $4.6 billion, the sources said.
HCA, which has a market capitalization of $36 billion and long-term debt of $31.6 billion, wants to acquire Envision's AmSurg ambulatory surgery business, with KKR taking the over the remainder, according to the sources.
Nashville-based Envision has asked potential acquirers to submit final offers later this month, the sources said. Other private-equity firms competing for Envision include a consortium of Carlyle Group and TPG Global, the sources added.
The sources asked not to be identified because the matter is confidential. KKR, Carlyle, and TPG declined to comment. Envision and HCA did not immediately respond to requests for comment.
Envision announced last year it was reviewing a range of strategic alternatives after reporting disappointing third-quarter earnings, which it attributed partly to the effects of hurricanes Harvey and Irma as well as a slowdown in the growth of patient demand.
Last year, Envision agreed to sell its ambulance unit, AMR, to Air Medical, a medical helicopter business owned by KKR, for $2.4 billion.
The year prior, it merged with AmSurg in an all-stock deal that valued the combined companies at the time at around $10 billion. HCA's and KKR's bid would reverse that combination.
A sale of Envision would be the latest in a spate of mergers and acquisitions activity among physician networks, a business that has struggled in recent years to adapt to changes in how U.S. health insurers reimburse providers.
Federal reimbursement programs such as Medicare and Medicaid, for example, have been trying to shift to a "value-based" payment model, whereby providers sometimes receive fixed payments to encourage them to control costs.
Envision's rival MEDNAX has also been exploring strategic alternatives, including a sale, Reuters has reported.
In 2016, buyout firm Blackstone acquired hospital staffing provider Team Health Holdings for $6.1 billion.