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Mergers

News Story
12/17/2015
Posted by Mark Reback
A coalition of nine consumer advocacy and union groups are urging Florida regulators to think twice about approving big health mergers they say will reduce competition and consumer choice and could lead to higher premiums in counties including Palm Beach. For example, combining Aetna and Humana “would give the combined entity over half of...
News Story
11/23/2015
Posted by Mark Reback
More than 65 years ago, a Los Angeles drugstore owner installed a laboratory above one of his shops to make a product that would discourage children from sucking their thumbs. The operation quickly changed focus to an antihistamine eye drop called Allergan. Renamed after that drug, the firm moved to Irvine and grew into a global pharmaceutical...
News Story
10/29/2015
Posted by Mark Reback
Drug giant Pfizer Inc. and Botox maker Allergan confirmed Thursday that they're in early talks to merge in a blockbuster deal that, if completed, would cap a remarkable consolidation wave roiling the U.S. healthcare industry. A deal between the companies — with an expected price tag well above Allergan's current stock market...
News Story
10/28/2015
Posted by Mark Reback
Walgreen's proposed acquisition of Rite Aid could have a big impact on high drug prices, but how remains to be seen. The $17.2 billion deal announced Tuesday would create the largest pharmacy chain in the U.S. if regulators approve it. Some experts say the combined chain could reduce costs and create more leverage when negotiating with drug...
News Story
10/27/2015
Posted by Mark Reback
Walgreens Boots Alliance Inc. on Tuesday agreed to buy Rite Aid Corp. for about $9.4 billion, combining two of the nation's largest drugstore chains as they bulk up to better compete in the rapidly changing healthcare industry. Walgreens has about 8,200 stores throughout the United States, including 637 in California. Rite Aid operates about 4...
Video
9/24/2015
Posted by Eddie B
The CEOs of Aetna and Anthem did the health insurance consolidation dance at a U.S. Senate hearing on Sept. 22. Aetna has plans to acquire Humana, and Anthem wants to buy Cigna. Both claim the mergers will improve care and cut costs for consumers. But never in the history of health insurance mergers have prices gone down for consumers when there...