PE-owned HealthComp and Virgin Pulse to combine in $3B merger
The companies expect the transaction, which aims to create an integrated platform for employer-sponsored health benefits, to close in the fourth quarter.
Centene lays off 3% of workforce
The layoffs at Centene follow similar workforce reductions at CVS Health earlier this summer.
Nuance rolls out automated clinical documentation tool DAX Copilot
The application, previously called DAX Express, drafts summaries of patient conversations “in seconds,” according to Microsoft-owned Nuance.
Cano sells Texas, Nevada centers to Humana subsidiary for $67M
The divestiture to Humana’s CenterWell Senior Primary Care business comes after Cano CEO Mark Kent said in August the company was exploring a potential sale amid its worsening liquidity position.
Elevance, BCBSLA pause $2.5B merger amid regulatory scrutiny
The health insurers originally expected their merger to close before the end of 2023, but have hit snags receiving the regulatory green light in Louisiana.
Hospices bought by PE, public companies had more dementia patients, study finds
Hospices acquired by private equity firms and publicly traded companies shift their operational strategies toward maximizing profits, suggests the new study published in JAMA Network Open.
FDA staff hold ‘major concerns’ with Brainstorm ALS therapy, documents show
Agency scientists flagged numerous issues with Brainstorm’s stem cell treatment ahead of a high-profile Wednesday meeting of expert FDA advisers.
Kaiser unions issue unfair labor practice strike notice as bargaining further breaks down
Leaders of the Coalition of Kaiser Permanente Unions announced on Friday that over 75,000 members will strike from Oct. 4 to Oct. 6 if labor and management cannot agree to new contract terms.
CommonSpirit lays off 2K, reports $1.4B operating loss
The Catholic health system reported another round of layoffs, this time affecting ancillary, support and overhead positions.
CMS to get ‘tougher’ on Medicare Advantage, official promises
CMS Deputy Administrator Jon Blum signaled regulators could increasingly crack down on bad actors in the MA program, which now covers more than half of Medicare seniors.