Finance

Dive Brief: Consumer-facing digital health startup Hims & Hers on Wednesday completed its merger with special purpose acquisition company Oaktree Acquisition Corp., in a deal valuing the company at $1.6 billion. Hims & Hers received proceeds of almost $280 million as a result of the deal, which it plans to reinvest in driving geographic growth and
0 Comments
Dive Brief: Cleveland-based KeyBank plans to launch a digital bank in March aimed at serving healthcare professionals, Chris Gorman, the bank’s chairman and CEO, told analysts during a fourth-quarter earnings call Thursday. Through Laurel Road, the digital student loan refinancing platform it acquired in 2019, KeyBank said the new digital bank will serve the healthcare
0 Comments
Dive Brief: Hospitals and health systems dealing with pandemic-related financial struggles have also been hit with year-over-year declines in volumes and revenues to employed physician practices, according to Kaufman Hall’s quarterly Physician Flash Report. Fewer patient visits, hospital diagnostic and procedural volumes compared to pre-pandemic levels put physician productivity — measured as physician work relative value
0 Comments
Dive Brief: UnitedHealth Group beat Wall Street expectations for both earnings and revenue in fourth-quarter financial results released Wednesday, as care consumption and prescriptions returned to more normal levels despite fears of renewed deferrals as COVID-19 cases surge. The Minnetonka, Minnesota-based health giant reported quarterly revenue of $65.5 billion, up almost 8% year over year.
0 Comments
Dive Brief: Talkspace on Wednesday became the latest digital health company to go public, announcing it intends to merge with a special purchase acquisition company in a deal valuing the behavioral health startup at $1.4 billion. The transaction with SPAC Hudson Executive Investment will provide Talkspace with $250 million in cash. It plans to use
0 Comments
Dive Brief: Telehealth powerhouse Teladoc is projecting full-year 2020 revenue will reach up to $1.1 billion due to surging demand for virtual care services during the coronavirus pandemic, CEO Jason Gorevic said Monday at the J.P. Morgan healthcare conference. The Purchase, New York-based company lifted its 2020 revenue guidance to between $1.091 billion and $1.093
0 Comments
Dive Brief: Hospitals in states that expanded Medicaid under the Affordable Care Act have benefited from declining uncompensated care costs and increased Medicaid revenue from 2013 to 2017, a cushion that could put them in a better position to financially recover from the COVID-19 pandemic compared with those in states that haven’t, a study published
0 Comments
Dive Brief: Oscar Health is preparing to go public and filed draft registration with the Securities and Exchange Commission, the startup insurer announced Monday. The submission was confidential, Oscar said in a statement. The price range and size of the proposed initial public offering has yet to be decided, the company said. The SEC will
0 Comments
Dive Brief: Year-end legislation bipartisan leaders finalized late Sunday includes a long-awaited ban on surprise medical bills, along with $900 billion in new COVID-19 relief, according to top Democrats House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer. The sweeping package comes less than a week after leaders of major House and Senate committees
0 Comments