SandboxAQ Partners with Mayo Clinic to Advance Cardiac Diagnostics August 13, 2024 SandboxAQ, a B2B company specializing in AI solutions, has collaborated with Mayo Clinic to explore advanced magnetocardiography (MCG) technology aimed at improving cardiac diagnostics.
Walgreens Considers Selling Stake in VillageMD Amid Financial Struggles August 12, 2024 This move follows substantial losses tied to VillageMD. Walgreens reported a $6 billion deficit in the second quarter of 2024, partially attributed to the primary care provider's underperformance.
Recursion Pharmaceuticals to Acquire Exscientia in $688 Mn All-Stock Deal August 12, 2024 The deal, anticipated to close in early 2025, will equip the combined entity with approximately $850 million in cash, supporting its operations for the next three years.
Centene’s Subsidiary Medicare to Withdraw from 6 States in 2025 August 9, 2024 Centene Corporation announced that its Medicare Advantage (MA) subsidiary, WellCare, will withdraw from six states starting in 2025.
USA’s Epic Unveils New Feature to Enhance Patient Control Over Health Data August 8, 2024 Epic, a leader in medical records software, introduced a new Individual Access Services (IAS) capability aimed at simplifying how patients share their health data with health and wellness apps.
Cigna Announces First Grant Awardees for Youth Mental Health Programme August 7, 2024 US-based Cigna has unveiled the first 22 awardees in its new grant program to address mental health issues among young people.
PE Firms to Acquire Healthtech Company R1 RCM in $8.9 Bn Deal August 6, 2024 The transaction is expected to close by the end of this year, with TowerBrook and CD&R planning to fund it through a combination of debt and equity.
Tenet Healthcare to Offload 70% Stake in Brookwood Baptist Health for $910 Mn August 6, 2024 Brookwood Baptist Health will continue as a joint venture with Baptist Health System. Tenet anticipates after-tax proceeds of about $790 million from the sale.
CVC Capital to Acquire Mallinckrodt's Therakos Biz for $925 Mn August 6, 2024 CVC Capital Partners Fund IX will be acquiring Therakos, with plans to invest further in research, development, and geographic expansion.
Federal Court Approves 2 Massachusetts Hospitals Shutdown Amid Steward Health Care Bankruptcy August 5, 2024 US Bankruptcy Judge Christopher Lopez approved the shutdown of Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer, both of which will cease operations by August 31.
USA’s SimplePractice Unveils New Prescription Management Tool August 5, 2024 US-based SimplePractice, a platform in electronic health records (EHR) and practice management, has introduced a new prescription management tool, ePrescribe, marking its entry into the psychiatry sector.
CEPI & WHO Urge Global Effort for Pandemic Preparedness August 5, 2024 A newly issued report by the WHO R&D Blueprint for Epidemics advocates for a broader research approach.