CVS Health (NYSE:CVS) plans to buy health insurer Aetna (NYSE:AET) in a $69 billion merger, according to a report from The New York Times. The deal comes as companies like Amazon (NSDQ:AMZN), which is reportedly trying to launch into the pharmacy business, are looking to change the way that consumers interact with the healthcare industry. Get the full story at our sister […]
Earlier this week a company director, Frederick Moll, picked up another 5,000 shares at $24.15 each, representing the 1st insider buy on the open market since late last year.
About 460 companies were bought for $46.4 billion last year, down 13% from 2010, but the deals were valued 30% higher, compared with the $35.6 billion spent in 2010, according to a Dow Jones VentureSource report.
The median price vaulted 77% to $71 million in 2011. Funding rounds were down 12%, to an average of $17 million raised before exit, reflecting lower start-up costs.
Aetna Inc. (NYSE: AET) acquired Healthagen, the developer of mobile health app iTriage, for an undisclosed amount. The smartphone app, which lets users check their symptoms, find physicians, book appointments and shop for medical supplies, already has 3 million downloads from iPhone’s App store and the Android market.
The insurance giant plans to integrate iTriage into part of its accountable care organization after it augments the app with some new features.
Conservative icon Newt Gingrich, the former speaker of the U.S. House who’s mounting a run at the White House, lambasted a Republican plan to overhaul Medicare over the weekend, calling it "right-wing social engineering.”
Gingrich also voiced his support for the controversial lynch-pin of President Barack Obama’s landmark health care reform law, the so-called individual mandate, which is the object of a slew of constitutional challenges in courts around the country.