Finance

Dive Brief: Ciox Health and Datavant are merging in a deal valuing the combined health data companies at $7 billion, the latest in a string of mergers meant to unite siloed data in healthcare. The combined company, called Datavant, will facilitate data exchange across a network of thousands of hospitals and clinics, and bring in
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Digital health market watchers were surprised when concierge medical network One Medical announced plans to acquire value-based chain Iora Health for $2.1 billion on Monday, with some airing concerns the deal represents a marriage of two diametrically opposed operational models. One Medical is a fee-for-service machine, with the majority of its business coming from charging
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Dive Brief: A group of private equity companies is purchasing medical supply giant Medline Industries in what is reportedly the biggest leveraged buyout in a decade. Blackstone, Carlyle and Hellman & Friedman have agreed to acquire Northfield, Ill.-based Medline for more than $30 billion, according to multiple media reports. The transaction is worth as much
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Dive Brief: Digital-first value based care startup Babylon plans to go public via a merger with a special purpose acquisition company, the latest in a rash of digital health companies entering the public markets spurred by the coronavirus pandemic. The transaction implies a $3.6 billion enterprise value for London-based Babylon, which offers an AI-enabled chatbot
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Dive Brief: Walgreens has completed the sale of its Alliance Healthcare businesses to drug wholesaler AmerisourceBergen for $6.5 billion, the retail behemoth announced Wednesday. Alliance Healthcare is one of the largest pharmaceutical wholesalers in Europe, so the deal, completed roughly five months after being announced, will significantly bolster AmerisourceBergen’s global distribution business. Walgreens plans to
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Hiring managers across industries may struggle to attract and retain talent as an exhausted workforce pivots to post-pandemic life. Among healthcare workers, nurses in particular have reported widespread burnout, with some planning to leave their jobs for other roles outside of direct patient care, or to retire. Now, health systems are offering steep sign-on bonuses.
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Dive Brief: Despite the financial turmoil COVID-19 wrought on U.S. medical practices over the past year, physician income has remained relatively steady, according to a new survey by the Medical Group Management Association. The survey — which included 185,000 providers among more than 6,700 physician-owned and hospital-owned practices — concluded they experienced flat or modest
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Dive Brief: The COVID-19 pandemic continues to drag on Ascension’s operational performance, but government relief funds and hefty investment returns yanked the nation’s largest nonprofit system back into the black in its latest fiscal quarter. For the period ended March 31, the St. Louis-based Catholic giant reported operating revenue of $6.6 billion, up 7% year
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