Thursday, February 9, 2023: M&A

Abbott Laboratories has agreed to acquire Cardiovascular Systems Inc. (CSI) in a deal with a total equity value of about $890 million. In a statement, Abbott officials said the deal would strengthen its portfolio of devices treating vascular disease. The companies...

Tuesday, February 7, 2023: M&A

CVS Health is closing in on a deal to acquire Medicare-focused primary care company Oak Street Health for about $10.5 billion including debt. Per the Wall Street Journal, if the companies agree to the terms, the deal could be announced as soon as this week. Oak Street...

Thursday, January 26, 2023: M&A

Walgreens Boots Alliance Inc. is considering a sale of its pharmacy automation business, which could be valued at as much as $2 billion. According to people familiar with the matter, the company has engaged advisors for the sales process, which could start next month...

Tuesday, January 24, 2023: M&A

Elevance Health announced plans to acquire Blue Cross and Blue Shield for an undisclosed price. The acquisition builds on an existing partnership between the two insurers – the two jointly own Healthy Blue, a plan that serves Medicaid and dual-eligible beneficiaries....

Friday, January 13, 2023: M&A

Kaufman Hall released its 2022 year-end report, showing that there were 17 hospital merger and acquisition deals announced during the fourth quarter of 2022. Of those, four are set to merge two billion-dollar organizations. In total, 53 deals were announced in 2022,...

Tuesday, January 10, 2023: M&A

CVS Health Corp. is in talks to buy primary care operator Oak Street Health Inc. for more than $10 billion, including debt. Sources say that deal could be reached in the coming weeks, though they noted that the discussions could end without a deal. (Articles here and...