A U.S. Federal Judge last Friday rejected a motion seeking to block a former Optum VP from joining the newly formed healthcare venture between Amazon (NSDQ:AMZN), Berkshire Hathaway and J.P. Morgan Chase, according to court documents. Optum, an IT-based health services unit of UnitedHealth Group, filed a suit against former VP David Smith last month accusing […]
UnitedHealth Group’s Optum IT-based health services unit has sued former VP David Smith, claiming that he misappropriated trade secrets before leaving to join a new healthcare venture supported by Amazon. Smith’s lawyers are seeking to move the case to arbitration. The complaint, filed Jan. 16 in U.S. District Court in Massachusetts, accuses Smith of printing out […]
Gerresheimer said late last month that it tapped Dr. Bernd Metzner as its new chief financial officer, set to take position at the latest by July 1 next year. Prior to joining the Dusseldorf-based company, Metzner acted as CFO at Ströer, a position he took up in June 2014. He also held positions at Bayer […]
Amazon-Berkshire-JPM healthcare bet taps Comcast’s Stoddard for COO The healthcare joint venture started by Amazon (NSDQ:AMZN), Berkshire Hathaway and J.P. Morgan tapped former Comcast executive Jack Stoddard to be its COO, reporting to CEO Dr. Atul Gawande. Stoddard was a co-founder of Accolade, a startup backed by the cable giant that helps workers manage their health […]
The joint healthcare venture between Amazon (NSDQ:AMZN), Berkshire Hathaway and J.P. Morgan Chase said this week it named Brigham and Women’s Hospital surgeon, New Yorker magazine staff writer and bestselling author Dr. Atul Gawande as its CEO, effective July 9. The joint venture said that the newly formed company will be headquartered in Boston, and will operate […]
The joint healthcare venture between Amazon (NSDQ:AMZN), Berkshire Hathaway and J.P. Morgan Chase that looks to lower costs and improve health insurance is struggling to find the right individual to fill the corner office, according to a CNBC report. The joint venture began searching for a CEO after announcing its launch in January, according to the […]
Shares in major health insurers UnitedHealth and Anthem fell today after online retail giant Amazon (NSDQ:AMZN), major holding company Berkshire Hathaway and JPMorgan Chase announced a collaborative, independent non-profit looking to provide their employees with healthcare. The three companies said they will look to “bring their scale and complimentary expertise” to the long-term project, which will […]
MASSDEVICE ON CALL — A growing number of Democrats are voicing concerns about President Barack Obama’s Affordable Care Act ahead of election season, Healthwatch reported.
Criticisms came from both houses of Congress, including Rep. Dennis Cardoza (D-Calif.), Rep. Brad Miller (D-N.C.), Rep. Barney Frank (D-Mass.), Sen. Jim Webb (D-Va.) who wondered whether the measures came too fast and too soon.
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MASSDEVICE ON CALL — Investment tycoon Warren Buffet may be ready to ditch his stake in Johnson & Johnson (NYSE:JNJ), he said during a CNBC interview.
J&J has "obviously has messed up in a lot of ways in the last few years," the chairman & CEO of Berkshire Hathaway (NYSE:BRK.A) said, referring to a slew of company recalls covering a range of products from hip implants to baby lotion.