Finance

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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
Dive Brief: The finances of U.S. hospitals continue to improve as the coronavirus pandemic wanes, following months of steep losses last year, according to a new report from Kaufman Hall. In April, hospital margins, volumes and revenues were up across most performance metrics year to date and year over year, though they were down compared to
0 Comments
Dive Brief: One Medical’s earnings per share loss was about double what analysts expected in the first quarter, sending its stock plummeting and continuing a downward trend started earlier this year after the Google-backed chain of medical clinics faced criticism for inappropriate coronavirus vaccination practices. The San Francisco-based company reported a loss of $39.3 million,
0 Comments
Analysts were worried about U.S. payers’ financial performances coming into 2021, as service utilization is expected to resurge this year following months of care delays during the pandemic. An acute rally in deferred care could depress earnings, following a year of historic profits in the sector. But almost all major payers hiked their full-year guidance
0 Comments
Dive Brief: Kaiser Permanente generated a profit of $2 billion in the first quarter of 2021, the integrated health system reported Friday, bouncing back from a staggering $1.1 billion loss in the first quarter of last year, largely tied to investment losses amid the stock market slide spurred by the COVID-19 pandemic. Still, operating income
0 Comments
Dive Brief: Walmart has agreed to acquire telemedicine provider MeMD, hinting at the scope of the retailer’s healthcare ambitions and increasing competition in the crowded virtual care sector. Walmart already offers telehealth for its own employees, but the purchase will allow its health division to provide virtual care nationwide, including urgent, behavioral and primary care,
0 Comments
Dive Brief: Health insurers were profitable across all major markets last year, amid an unprecedented drop in medical spending and utilization in the spring due to COVID-19-related shutdowns. A new report from the Kaiser Family Foundation analyzing data in the Medicare Advantage, Medicaid managed care, individual and fully insured group markets found across all four,
0 Comments
Dive Brief: Large employers are increasingly supportive of government intervention when it comes to tackling the rising cost of healthcare for their workers, according to a survey released Thursday from the Kaiser Family Foundation and Purchaser Business Group on Health. Business leaders showed wide support for lawmakers pursuing policies that would improve price transparency (90%)
0 Comments