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