What You Should Know:
- Pfizer announced it will acquire biotechnology company Seagen for $229 per Seagen share in cash, for a total enterprise value of approximately $43 billion. The proposed combination enhances Pfizer’s position as a leading company in Oncology.
Seagen’s medicines, late-stage development programs and pioneering expertise in Antibody-Drug Conjugates (ADCs) strongly complement Pfizer’s Oncology portfolio.
Seagen Background
Seagen is a pioneer in ADC technology, with
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Q/A: Dr. Masturzo Talks Addressing Food Insecurity with Patients
Today, food insecurity affects more than 41 million Americans and is prevalent among children and the elderly population. Food insecurity is defined as the limited availability of nutritionally adequate and safe food or the inability to acquire these foods in socially acceptable ways. As a result, food insecurity can exacerbate medical conditions driving up hospital/health systems patient care costs. To learn more about how healthcare providers can address food insecurity, we sat down with Dr.
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Transcarent Acquires 98point6 AI-Powered Virtual Care Platform and Care Business
What You Should Know:
- Transcarent, a health and care experience company that makes it easy for people to access high-quality, affordable care announced it will acquire AI-powered virtual care platform and care business of on-demand primary care company, 98point6. Financial details of the acquisition were not disclosed; however, insiders expect the deal to be valued at $100M.
- As part of the acquisition, hundreds of 98point6 enterprise customers including Boeing, Kindercare and
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Eli Lilly Cuts Insulin Prices by 70%, Caps Patient Costs at $35 Per Month
What You Should Know:
- Eli Lilly and Company today announced price reductions of 70% for its most commonly prescribed insulins and an expansion of its Insulin Value Program that caps patient out-of-pocket costs at $35 or less per month at participating retail pharmacies.
- The historic price cut makes it easier to access Lily insulin for Americans who may have difficulty navigating a complex healthcare system that may keep them from getting affordable
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Q/A: Oatmeal Health Co-Founder Talks AI-Enabled Cancer Screening for the Underserved
Today, cancer is the second leading cause of death in the United States. Sadly, cancer disparities exist, with racial/ethnic minority, low-income, and uninsured populations suffering the greatest burden. That’s why routine cancer screening is critical to addressing cancer disparities as they have the potential to greatly reduce both incidence and mortality rates. To address this, Federally qualified health centers (FQHCs) are funded by the Health Resources and Services Administration to provide
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GE HealthCare to Acquire Caption Health to Expand AI-Guided Ultrasounds
What You Should Know:
- GE HealthCare acquires Caption Health, Inc., a privately owned artificial intelligence (AI) healthcare leader that creates clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans.
- The acquisition supports GE HealthCare’s $3B Ultrasound business by adding AI-enabled image guidance to ultrasound device portfolios. In addition, it aligns with strategy to deliver precision care and expands access to new ultrasound
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Epic, Impact Advisors, Nordic, Chartis Named 2023 Overall Best in KLAS® Awards
What You Should Know:
Epic, Nordic, Impact Advisors and The Chartis Group won the 2023 Overall Best in KLAS® awards. Epic was named the top Overall Software Suite for the thirteenth straight year in 2023 Best in KLAS – Software & Services report, released, which reports on the top vendors for 2022. Epic was also named the top Overall Physician Practice Vendor. Epic won thirteen other Best in KLAS awards in various market segments.
- Impact Advisors tied with Nordic to be a
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CVS Health Acquires Oak Street Health for $10.6B in Cash – M&A
What You Should Know:
- CVS Health acquires Oak Street Health in an all-cash deal of $39 per share in cash, representing an enterprise value of approximately $10.6 billion. Bringing CVS Health and Oak Street Health together can significantly benefit patients’ long-term health by reducing care costs and improving outcomes – particularly for those in underserved communities.
- Oak Street Health CEO Mike Pykosz will continue to lead Oak Street Health, which will become part of CVS
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Health IT M&A: KLAS Reveals Vendors Learning to Mitigate Negative Impact
What You Should Know:
- Since KLAS’ last report on M&A activity, there have been several notable vendor mergers and acquisitions affecting the healthcare IT landscape, and many healthcare organizations have needed to navigate the resulting disruptions.
- This report provides an update on how customer satisfaction has been affected by recent health IT M&A activity and what makes vendors more or less resilient during this type of change. This report includes 26
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Amazon Launches RxPass, $5 a Month for Unlimited Prescription Meds
What You Should Know:
- Amazon launches RxPass, a new Prime membership benefit from Amazon Pharmacy that offers patients affordable access to commonly prescribed generic medications that treat more than 80 common health conditions.
- RxPass enables Prime members can receive all of their eligible medications for one flat, low monthly fee of $5, and have them delivered free of charge. There are no hidden fees and no markups to the $5 per month subscription.
- RxPass is available starting
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