Edition:
United Kingdom

Rebecca Spalding

Large employers push back on U.S. healthcare mergers during coronavirus crisis

23 May 2020

A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and doctors groups that received government money to cope with the effects of the COVID-19 pandemic.

Activist investor Elliott pushes Alexion Pharma to sell itself

12 May 2020

Hedge fund Elliott Management on Tuesday publicly called on Alexion Pharmaceuticals Inc to sell itself, arguing that management's steps, including recent plans to acquire a smaller company, were leading in the wrong direction.

Exclusive: AmerisourceBergen eyes Walgreens' drug distribution business

05 May 2020

AmerisourceBergen Corp , one of the largest U.S. drug distributors, has approached Walgreens Boots Alliance Inc to explore a deal for its pharmaceutical wholesaling division, people familiar with the matter said on Monday.

Exclusive: KKR's Envision Healthcare hires bank to explore debt restructuring - sources

10 Apr 2020

Envision Healthcare Corp, a U.S. provider of physicians and other medical staff owned by buyout firm KKR & Co Inc , has hired a financial adviser to explore ways to restructure its $7.5 billion debt pile, people familiar with the matter said.

U.S. companies criticized for cutting jobs rather than investor payouts

08 Apr 2020

By Alwyn Scott, Ross Kerber, Jessica DiNapoli and Rebecca Spalding

Delphi tapping credit line puts sale to BorgWarner at risk

01 Apr 2020

U.S. auto parts company BorgWarner Inc threatened to walk away from a $951 million deal to buy Delphi Technologies on Tuesday, after the automotive equipment supplier drew down on a credit line without its acquirer's approval.

U.S. hospitals halt lucrative procedures amid coronavirus crisis, job cuts follow  

31 Mar 2020

SAN FRANCISCO/NEW YORK U.S. hospitals and physician groups are beginning to feel severe financial strain as they shift operations from profitable procedures to focus on the rapidly spreading coronavirus pandemic.

U.S. hospitals halt lucrative procedures amid coronavirus crisis, job cuts follow  

31 Mar 2020

SAN FRANCISCO/NEW YORK, March 31 U.S. hospitals and physician groups are beginning to feel severe financial strain as they shift operations from profitable procedures to focus on the rapidly spreading coronavirus pandemic.

XPO Logistics cancels break-up amid economic downturn

20 Mar 2020

XPO Logistics Inc has abandoned plans to break up the warehousing and delivery company via a sale or spin-off, it said on Friday, citing "market conditions."

Frontier Airlines private equity owner sees good buys in industry turmoil

20 Mar 2020

NEW YORK Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, the co-founder of the buyout firm that owns budget carrier Frontier Airlines said in an interview.

World News