Morning Headlines 10/30/17

Merck Announces Third-Quarter 2017 Financial Results

Merck reports a $135 million in lost Q3 sales and $175 million in additional costs associated to its recovery from the Petya ransomware attack.

Quality Systems, Inc. Reports Fiscal 2018 Second Quarter Results

QSII, parent company of NextGen, reports 2018 results: revenue grew four percent to $132.6 million, adjusted EPS $0.22 vs. $0.23, beating expectations for both.

Tenet Healthcare to lay off about 1,300 employees

Tenet Healthcare will lay off 1,300 employees, one percent of its total workforce, as business leaders look to cut costs by $150 million over the next year.

Health IT Investment on Record Pace through Q3

A Healthcare Growth Partners report on heath IT investments says that $8 billion has been invested globally in health IT startups through Q3 of 2017. The report says that investment activity is continuing to grow, despite a slowdown of M&A activity, noting “total capital invested globally in HIT has increased at an annual rate of 46% since 2011.”