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☆ The weirdest startup in healthcare has a blank check from General Catalyst
▼ + stars: | 2024-09-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +17 min

Hemant Taneja, the CEO of top venture firm General Catalyst, cofounded the healthcare startup Commure in 2017, and launched it in 2020. AdvertisementIt's made six acquisitions in four years — a remarkable number for a healthcare startup. He hatched Commure inside General Catalyst in 2017 alongside former leaders from Google, Salesforce, and healthcare data analytics firm Health Catalyst. The Philadelphia-based health system co-created a startup with General Catalyst, patient engagement platform Tendo, in 2020. General Catalyst said HATCo will work closely with its more than 20 health system partners, including HCA Healthcare.

Persons: Hemant Taneja, Catalyst, PitchBook, Commure, It's, Augmedix, He's, Tyler Le, Taneja, Livongo, Teladoc, Glen Tullman, Ashwini Zenooz, CommureOS, Tanay Tandon, Rusty Russell, Strongline, Tandon, didn't, General Catalyst, it's, Axios, he's, HATCo, GABRIELLA AUDI, wasn't, Hemant Organizations: Catalyst, Business, Catalyst's, Google, NASDAQ, Jefferson Health, Healthcare, HCA Healthcare, Athelas, SMP Labs, SMP, Commure, BI, FCC, Labs, Strongline Pro, Strongline, Northern District of, Canopy, General, Health, Healthcare Assurance Transformation Corporation, Summa Health, Olive AI, Augmedix, HCA, Getty, Big Tech, Commure's Locations: Livongo, Philadelphia, Commure, PatientKeeper, Athelas, Strongline, Northern District, Northern District of California, Ohio, Augmedix

☆ More public healthcare companies will be taken private. Here's what PE firms are betting on.
▼ + stars: | 2024-08-12 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

Read previewRevenue cycle management company R1 RCM just announced its acquisition by two private equity firms for a whopping $8.9 billion — signaling a long-awaited resurgence of big healthcare deals. Private equity's return to the sceneThe debt market is finally correcting for the types of deals healthcare companies have been waiting for. Revenue cycle management has long been a hot area for private equity firms. AdvertisementSpringer said she thinks private equity firms are "very unlikely to buy a care delivery company in this environment." Sen. Markey introduced the Health Over Wealth Act in July that would limit private equity investment in healthcare providers.

Persons: —, Augmedix, Altaris, hasn't, dealmakers, David Marks, They're, Thad Davis, haven't, Davis, Tanay Tandon, Commure, Athelas, it's, Rebecca Springer, we'll, Shiv Rao, Abridge Springer, she'd, Springer, Steward, Sen, Markey, Brian Snyder, Knight's Marks, I've, Marks Organizations: Service, Business, Holland &, Leerink Partners, Epic, Mayo Clinic, Reuters, Holland, FTC

☆ The startup landscape for deals is drastically changing
▼ + stars: | 2024-08-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .

Persons: —, You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London

☆ See the 9-slide pitch deck that startup Thoughtful AI used to raise $20 million from Drive Capital for its AI agents
▼ + stars: | 2024-07-18 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

"We just didn't see the ROI except for in healthcare," Thoughtful AI cofounder and CEO Alex Zekoff said. AdvertisementThe Austin, Texas-based startup just grabbed $20 million in Series A funding, led by Drive Capital and including TriplePoint Capital. Thoughtful AI is also announcing its first three AI agents, named CAM, EVA, and PHIL, to process medical claims, check patient insurance coverage, and record payments. Zekoff said Thoughtful AI aims to hit $10 million in annual recurring revenue by the end of the summer. Check out the presentation Thoughtful AI used to raise $20 million from Drive Capital.

Persons: —, Alex Zekoff, it's, PHIL, — it's, Zekoff Organizations: Service, Business, Drive Capital, TriplePoint, Athelas, Big Tech Locations: Austin , Texas, Brazil, Romania

"We see softness in data — permits, starts, sales and prices all recently below expectations — potentially continuing in 2H," the analyst wrote. The bank initiated the health care tech stock with an overweight rating and a December 2025 price target of $24. "Waystar is a vertical, cloud-based software company focused on automating, digitizing, and enhancing revenue cycle management functions," wrote analyst Anne Samuel. Analyst Daniel Politzer reiterated his overweight rating on the casino and resort stock but lowered his price target to $58 from $60. The analyst wrote that he sees "the current valuation as an attractive entry point into what we view as one of the most durable companies in our coverage."

Persons: Piper Sandler, Mizuho, Piper Sandler downgrades CrowdStrike Piper Sandler, Rob Owens, Owens, CrowdStrike, Lisa Kailai Han, downgrades Goldman, Jim Mitchell, Goldman Sachs, Mitchell, Goldman, — Jesse Pound, Brandt Montour, Montour, VIK, — Hakyung Kim, Anthony Pettinari, Pettinari, — Lisa Kailai Han, Guggenheim, Tesla, Ronald Jewsikow, Keith Gill, Gill, he's, Kitty, Musk, Jewsikow, Waystar, Anne Samuel, Samuels, Jessica Reif Ehrlich, Ehrlich, Wells, Daniel Politzer, Politzer, GGR, WYNN est's, —, Mizuho Mizuho, James Lee, Lee, Fred Imbert Organizations: CNBC, Seaport, of America, downgrades Goldman Sachs Seaport Research, Bank of America, Barclays, Viking Holdings, American Baby Boomers, Citi, Federal, Securities and Exchange Commission, JPMorgan, Nasdaq, Spotify, Spotify Technology, Las Vegas, Vegas, Macau GGR, Intelligence, Amazon Locations: Amazon, SIEM, Lennar, 2H, Chewy, Europe, China, Las, Las Vegas Sands, Macau, Bay Sands, Singapore, Atlassian, Monday's

☆ Stocks making the biggest moves midday: Berkshire Hathaway, R1 RCM, Freshpet, Amer Sports and more
▼ + stars: | 2024-02-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Earlier in the session, the conglomerate's stock reached all-time highs, following strong operating earnings in its fourth quarter. Pilgrim's Pride — Shares climbed 6.2% after the meat processing company beat Wall Street's expectations for the fourth quarter. Amer Sports — The athletic retailer climbed 3% on the back of a slew of bullish calls from Wall Street analysts. Fresh Del Monte Produce — Shares fell 2% after the agriculture company reported quarterly results that fell short of expectations. Revenue of $1.01 billion was lower than the consensus estimate of $1.03 billion.

Persons: Berkshire Hathaway —, Morgan Stanley, Pilgrim's, FactSet, Wilson, Arc'teryx, — CNBC's Brian Evans, Michelle Fox, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Berkshire, U.S . Securities, Exchange Commission, Amer, Wall Street, Micron Technology, —, HSBC, Alcoa —, Alcoa, Fluence Energy, Susquehanna Financial, Produce, FactSet, PPG, PPG Industries Locations: FactSet ., U.S, Canada

☆ Buy these top tech stocks before it's too late, Morgan Stanley says
▼ + stars: | 2024-02-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Palo Alto Networks Analyst Hamza Fodderwala said the firm's recent security checks show cyber threats remain a top priority for IT. That bodes well for Palo Alto in 2024 and beyond, according to Fodderwala. Further, Palo Alto is better positioned for AI than investors believe, Fodderwala added. Palo Alto is scheduled to report earnings in late February. But investor skepticism remains leaving Hettenbach to pound the table for RCM shares.

Persons: Morgan Stanley, James Faucette, Faucette, Hamza Fodderwala, Fodderwala, Craig Hettenbach, Hettenbach, Docebo Organizations: CNBC, Palo Alto Locations: Palo Alto, Docebo, Tenable, Palo, Hettenbach

☆ Canada to invest C$1.1 bln in satellite tech for better earth data
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Oct 18 (Reuters) - Canada on Wednesday said it will invest C$1.01 billion ($740.90 million) over the next 15 years in satellite technology to boost the earth observation data that it uses to track wildfires and other environmental crises. The new initiative called Radarsat+ will gather information about Earth's oceans, land, climate, and populated areas, a statement by the Canadian Space Agency (CSA) said. Data collected from earth observation technologies allows scientists to see how the planet changes and make decisions to deal with emergencies like wildfires or longer-term issues like climate change. Canada has previously launched three satellite missions under the Radarsat program - Radarsat-1, Radarsat-2 and the Radarsat Constellation Mission (RCM). The investment will also help develop a replacement for RCM, CSA said.

Persons: Juby Babu, Tasim Zahid Organizations: Canadian Space Agency, MDA, CSA, RCM, Thomson Locations: Canada, Radarsat, CSA, Bengaluru

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Zoom, Amazon, Bowlero, Lululemon & more
▼ + stars: | 2023-08-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Lululemon as buy Bank of America said it's standing by its buy rating on the stock heading into earnings next week. Bank of America adds Jazz Pharmaceuticals to the US1 list Bank of America added the pharmaceutical company to its top picks list. "We initiate coverage of The Madison Square Garden Entertainment Co. (MSGE) with a Buy rating and a 12-month price objective (PO) of $41, implying ~30% potential upside." Bank of America initiates Gulfport Energy as buy Bank of America said the energy company is undervalued. Stifel reiterates Bowlero as buy Stifel said it's standing by its buy rating on the bowling company.

Persons: Morgan Stanley, Lululemon, LULU, Bernstein, Emerson, Raymond James, Apple, it's, Stifel, Jefferies, Goldman Sachs, JEF Organizations: Bank of America, Jazz Pharmaceuticals, Inc, UBS, GXO Logistics, Mobility, RBC, JPMorgan, Emerson, Mizuho, Edison, FOUR, Apple, Nvidia, AppLovin, Garden Entertainment, The, Garden Entertainment Co, Energy, Xcel Energy, Minnesota & Locations: China, The Madison, Minnesota, Minnesota & Colorado

☆ Buy this medical billing stock with more than 30% upside, Bank of America says
▼ + stars: | 2023-05-19 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

R1 RCM can extend this year's rally following an uptick in product use, Bank of America said. Analyst Michael Cherny reiterated his buy rating and raised his price target by $3 to $22. His new price target implies the medical billing stock could rally 31.1% over the next year. The company is uniquely well-positioned for an uptick in utilization, which could cushion year-end results and full-year guidance, according to the analyst. The new multiple of price to enterprise-value-to-EBITDA is still reasonable and at a discount to the long-term average, Cherny noted.

☆ Here are Friday's biggest analyst calls: Tesla, Netflix, Planet Fitness, Bloom, Wendy's, Dell & more
▼ + stars: | 2023-05-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs initiates SQM as sell Goldman said the Chilean chemical company is exposed to ongoing lithium price weakness. Cantor Fitzgerald initiates Intuitive Machines as buy Cantor said the space exploration company has a "first-mover" advantage. Credit Suisse upgrades TE Connectivity to outperform from neutral Credit Suisse said the consumer electronics company is an Inflation Reduction Act beneficiary. JPMorgan upgrades Bloom Energy to overweight from neutral JPMorgan said the selloff in the the energy company is "overdone." RBC initiates Planet Fitness as outperform RBC said it sees an attractive entry point for the gym stock.

☆ Cramer's lighting round: Teck Resources is a buy
▼ + stars: | 2023-01-23 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Paysafe Ltd : "It is a good company. I bless that for a trade to $25." Loading chart...Teck Resources Ltd : "I am going to bless it." Loading chart...R1 RCM Holdco Inc : "I like your choice." Loading chart...Iridium Communications Inc : "I'm not as inclined to buy the stock up here."

☆ Investors should buy these 33 stocks for the best shot at outperformance in 2023 — according to a Deutsche Bank group that's seen its stock picks double in value in five years
▼ + stars: | 2023-01-08 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

Deutsche Bank updated its list of favorite stock picks to include its 33 best ideas for 2023. The firm says its portfolio of top ideas has doubled in value in a little more than five years. Today, its best ideas include significant bets on industrials and consumer-focused companies. Deutsche Bank isn't expecting a repeat of that dynamic — at least, not to the same degree. This week the firm updated its quarterly list of its highest-conviction stock ideas, and there are no oil and gas companies represented among its analysts' 33 favorites picks.

☆ Stocks making the biggest moves midday: World Wrestling Entertainment, Bed Bath & Beyond, Costco and more
▼ + stars: | 2023-01-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

World Wrestling Entertainment — The wrestling entertainment stock surged 21% after WWE announced that founder Vince McMahon is returning to its board of directors and that the company is exploring strategic moves. R1 RCM — Shares of the healthcare technology firm soared more than 11% after the company raised its revenue outlook for 2023. Costco Wholesale — Shares of the big-box retailer jumped more than 6% after it reported solid sales numbers for December. First Solar — Shares of First Solar rose more than 4% after Wells Fargo upgraded it to overweight, saying Europe's energy crisis and the Inflation Reduction Act in the U.S. will boost demand for solar energy. Bed Bath & Beyond — Shares plunged 20% after the retailer warned it was running out of cash and was considering bankruptcy.

☆ Here are the 34 tech companies most likely to be snapped up by private equity firms like Vista and Thoma Bravo in 2023, according to bankers and market data
▼ + stars: | 2022-12-24 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

With a stock price down 45% in the last year, though, it may soon find itself on the other side of the table. But it has $732 million in cash on hand, with zero debt, and analysts are projecting 16% revenue growth. This year, though, Varonis has come back to earth — its stock price has sunk over 57% in the last 12 months. However, with strong projected 2023 revenue growth of 18.6%, Zuora remains a strong target for PE firms. Its stock price has been hammered, going down about 40% this year and making it the subject of mergers-and-acquisitions chatter.

☆ Here are the 34 tech companies most likely to be on the holiday shopping lists of private-equity firms after valuations plunged this year, according to bankers and private data
▼ + stars: | 2022-12-15 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

☆ RBC: Buy these 23 high-conviction growth stocks for market-beating returns that could top 90%
▼ + stars: | 2022-12-11 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

RBC Capital Markets is updating its quarterly list of its favorite small-cap growth stocks. The stocks are "Outperform" rated, and RBC says they have upside of 19% to 98% as of December 8. For investors who want to get familiar with that large space, RBC's list of top small-cap growth ideas could be one place to start getting ideas. "The list is an opportunity to highlight companies that have either an attractive normalized growth story or strong durable growth characteristics," said the firm's analysts. The companies are ranked from lowest to highest based on how much upside RBC's analysts think they have, as reflected in their price targets.

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