Babylon to go private, merge with MindMaze
The take-private proposal from AlbaCore Capital comes after the digital health firm has fared poorly on the stock market.
Health services M&A holding steady despite economic headwinds
Deal volumes declined 4% in the year ended May 15 compared to 2022, according to a PwC report. But the consulting firm is “optimistic” about the sector’s M&A outlook for the rest of the year.
Tenet names ex-AmerisourceBergen executive as new CFO
Sun Park’s background in healthcare and corporate finance, in addition to the long lead time between his appointment and start date as CFO, indicate Tenet’s efforts to ensure a smooth leadership changeover, according to analysts.
Telehealth groups applaud CONNECT reintroduction in Senate
It’s the second time the bill has been reintroduced in Congress as proponents of virtual care look to solidify COVID-19 gains in telehealth accessibility and use before temporary flexibilities run out at the end of 2024.
North Carolina places Friday Health Plans into receivership as insurtech shuts down
A number of states have already moved to take control of the insurer, which announced it was winding down operations earlier this month.
Preventable deaths rise, reproductive care quality varies by region, Commonwealth Fund reports
Massachusetts, Hawaii, New Hampshire, Rhode Island and Vermont had the best overall health system performance, according to the report.
State Medicaid spending fell below pre-pandemic levels during continuous enrollment
An analysis by KFF found state spending on Medicaid fell during the COVID-19 pandemic even as enrollment soared. But spending will likely increase as the federal government begins to pare back its increased contribution.
SEIU accuses HCA of inappropriate patient transfers to hospice to boost profits, executive pay
The healthcare workers union said the findings raise questions about potential corporate interference to decrease the number of patients who die in HCA hospitals, and urged both HCA and regulators to investigate.
Cell and gene therapy manufacturing: the next generation of startups
At least six companies have emerged to help unstick what developers say is a “bottleneck” in advancing complex genetic treatments.
HHS warns industry about resurfaced ransomware group after attack on cancer center
In a cybersecurity notification, the department warned the sector about TimisoaraHackerTeam, or THT, after an attack on a U.S. cancer center that “significantly reduced” its capability to treat patients.