Healthcare Growth Partners releases its mid-year M&A review for the health IT market. Mergers and acquisitions were down 29 percent year to date due to a significant increase to capital gains taxes effective January 1, 2013. However, investment activity is up 16 percent and continues at a record pace.
Harvard Business Review analyzes the expanding role of the modern CIO, asking if managing the mountain of new responsibilities is a realistic expectation from one person.
McKesson CEO John Hammergren’s $154 million pension is scrutinized in a Forbes article that calls it "utterly absurd." Harvard Law School professor Jesse Fried, who notes that Hammergen is also the highest-paid CEO, says "Hammergren has pulled down hundreds of millions in compensation. Even without the pension, it would be very hard for him to spend all his money before he died."
McKesson reports Q1 results: net income of $424 million on $32 billion in sales drove EPS to $1.83, vs. $380 million and EPS of $1.58 for Q1 last year. Revenue and EPS both fell short of analyst predictions.