Morning Headlines 10/16/24

Walgreens Boots Alliance Reports Fiscal Year 2024 Earnings

Walgreens announces that it will close 1,200 drugstores and reports Q4 results: revenue up 6%, EPS -$3.48 versus -$0.21, beating analyst expectations for both and sending shares sharply up.

Parakeet Health Launches With Generative AI Voice Platform to Transform Patient Engagement for Healthcare Providers

Patient engagement startup Parakeet Health launches its generative AI voice platform for patient communication and raises $3 million in seed funding.

CVS to exit core infusions services business, job cuts possible

CVS Health will exit its infusion business and close or sell 29 related regional pharmacies.

MDisrupt Secures American Heart Association Ventures Investment, Enters Strategic Collaboration for Association Members

MDisrupt, which offers a health technology expert marketplace, receives a $1 million milestone-based investment from the American Heart Association’s newly created venture arm.

UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability

UnitedHealth Group beats analyst expectations for Q3 revenue and earnings per share, but sees shares drop alongside the news that the Change Healthcare cyberattack will cost it $705 million.