Morning Headlines 5/21/25

Blackstone emerges as lead contender for mega $1.1 bn-$1.3 bn buyout of EQT-promoted AGS Health

Sources say that private equity firm Blackstone is the frontrunner in acquisition offers for revenue cycle company AGS Health.

Cyberattack brings down Kettering Health phone lines, MyChart patient portal access

Kettering Health (OH) reverts to downtime operations, canceling all elective procedures and diverting ambulances in the wake of a ransomware attack discovered Tuesday morning.

Abridge in Talks to Raise at $5 Billion Valuation as AI Health Startups Draw Investors

AI-powered documentation company Abridge is reportedly looking to raise new funding that would put its valuation at $5 billion, double its value earlier this year when it announced $250 million in Series D funding.