Hard agree, and not just because I'm a spreadsheet nerd. Why are we all here? Isn't it in the service…
Morning Headlines 5/11/17
Modernizing Medicine Announces $231 Million Equity Investment from Warburg Pincus
Specialty EHR vendor Modernizing Medicine takes on a $231 million investment from PE firm Warburg Pincus.
Senate Confirms Scott Gottlieb to Head FDA
The Senate voted 57 to 42 on Tuesday to confirm Scott Gottlieb, MD as commissioner of the FDA.
Aetna fully exits Obamacare exchanges with pull-out in two states
Aetna announces that it will exit the Nebraska and Delaware public exchange markets for the 2018 open enrollment period, the two remaining states where it had still offered plans.
Kaiser raises record $4.4 billion in white-hot hospital bond market
Kaiser Permanente (CA) secures $4.4 billion in funding through three bond offerings. CFO Kathy Lancaster reports that the proceeds will be used to fund expansion.
Re: Aetna completes its pull-out of all Obamacare exchange policies. Yes, that’s bad for consumers and yes there are structural problems with the law; but lets not forget that a Federal judge concluded that their pull-out was not due to costs, but as revenge for the Administration blocking their attempt at a $34B merger with Humana. http://money.cnn.com/2017/01/24/investing/aetna-obamacare-humana-merger/
Thoughts on why the hospital bond market is red hot? AHCA will hit the hospitals hard so why are all these bond investors running headlong into a wreck? What do they know that we don’t?