Mergers & Acquisitions
CVS profits in Q3 decreased 5.8 percent to $2.4 billion, driven by a $64 million increase in acquisition-related transaction and integration costs.
Almost three-quarters expect business to perform better in the next year, and nobody thought they'd do worse.
The study, conducted prior to the insurer getting approval to acquire Express Scripts, shows a 9 percent reduction in high cost medical claims.
From the second quarter of 2018 to the third, deal value dipped to $15.9 billion, the lowest since the first quarter of 2017.
Adjusted earnings for Q3 reflect a $130 million pre-tax impact from an unfavorable provider arbitration ruling related to Aetna's exit from the ACA.
Stockholders gave a decisive thumbs down to a "golden parachute" package that would have compensated LifePoint's top four executives to the tune of $120 million total.
Superintendent Maria Vullo wants guardrails to ensure promised synergies result in cost savings for consumers.
Eighteen transactions were recorded in the third quarter of 2018, a 38 percent decrease over the 29 deals recorded in the third quarter of 2017.
The deal creates one of the largest U.S. hospital owners, encompassing 139 hospitals and accounting for $28 billion in annual revenue.
When the transaction is complete, Community Health Systems affiliates will still operate four hospitals in South Carolina.