In An Industry Going Through Major Upheaval, Health Companies That Do Nothing Are At Risk
Mergers and acquisitions are running rampant in the health industry, and companies that don't join in stand to lose more than if they take a risk that might potentially fail.
The Wall Street Journal:
Health-Care Deals: An Offer They Can’t Refuse
The health-care industry is in the throes of a major shake-up. That creates a situation in which companies face a greater risk by standing pat than possibly overpaying for an acquisition.Amazon.com Inc., Berkshire Hathaway and JPMorgan Chase announced last month that they would start their own nonprofit company aimed at lowering medical costs for their employees. Separately, The Wall Street Journal reported that Amazon has designs on expanding its hospital-supplier business. (Grant, 2/15)
In other industry news —
The Wall Street Journal:
HeartFlow Valuation Tops $1.5 Billion For Disease Detection Software
HeartFlow Inc. has raised a fresh funding round that puts the company’s valuation over $1.5 billion. Wellington Management and Baillie Gifford led the a $240 million Series E, with participation from existing investors including the venture arm of HealthCor Partners Management. This brings the company’s total funding to date to about $475 million. (Mack, 2/14)
