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Walgreens appears to have pre-empted a sale process for Summit Health that was set to kick off next year. A unit of Walgreens Boots Alliance Inc. is nearing a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion including debt, according to people familiar with the matter, the latest in a string of acquisitions by big consumer-focused companies aiming to delve deeper into medical care. The drugstore giant’s primary-care-center subsidiary, Village Practice Management, would combine with Summit Health, the parent company of CityMD urgent-care centers, in an agreement that could be reached as early as Monday, the people said.
Walgreens Unit to Buy Summit Health
  + stars: | 2022-11-07 | by ( Laura Cooper | ) www.wsj.com   time to read: 1 min
Walgreens shares rose after its primary-care-center subsidiary agreed to acquire Summit Health, the parent company of CityMD urgent-care centers. A unit of Walgreens Boots Alliance Inc. struck a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion including debt, the latest in a string of acquisitions by big consumer-focused companies aiming to delve deeper into medical care. The drugstore giant’s primary-care-center subsidiary, Village Practice Management, agreed to acquire Summit Health, the parent company of CityMD urgent-care centers, the companies said Monday, confirming an earlier report by The Wall Street Journal.
Supply-chain and labor shortages, along with pent-up demand, are increasing costs for healthcare. But they might be in for more bad news as healthcare costs rise. Premiums could rise even more in 2024 as higher healthcare costs settle in and get passed down to consumers. You can thank people flocking back to the doctor, more expensive equipment, and surging labor costs for your higher future bill. Labor costs are rising across the boardJob openings in healthcare are still elevated, and well above pre-pandemic levels, according to Fitch.
Troubling recent reports reveal the emergence of new omicron subvariants that not only evade AstraZeneca’s Evusheld, the antibody drug authorized to prevent Covid infection, but also the sole antibody drug that has retained effectiveness as treatment for Covid, Eli Lilly’s bebtelovimab. Doctors have cautioned that should Laura get Covid, this could aggravate her autoimmune disease and lead to catastrophic kidney damage. Evusheld is a long-acting antibody injection given every six months that studies have suggested provides a robust buffer to the immunosuppressed. For now, immunocompromised people are anxiously watching the pandemic forecast to see if the subvariants that research indicates evade monoclonal antibodies will become predominant. “If fewer people are prescribed Evusheld,” she said, “there’s less incentive for drug companies to start developing newer therapeutics.
Index Ventures VCs Nina Achadjian and Paris Heymann are betting on vertical software in the downturn. Here's how founders of vertical-software companies can pitch them. Vertical software, or software tailored to specific industries, is poised to do well amid the current economic downturn, two VCs at Index Ventures said. When considering vertical-software companies to invest in, the most important thing they look for is the right kind of founding team. For vertical-software companies, it's important that the founders are familiar with the industry they're trying to sell to, they said.
A federal grand jury handed down a 30-count indictment alleging that former Robins Air Force Base day care employees Zhanay Kiana Flynn, 27, and Antanesha Mone Fritz, 29, abused children in their care in January and February 2021. The indictment charged Flynn, Fritz and former day care director Latona Mae Lambert, 51, with one count each of failing to report suspected child abuse. “Properly caring for our Airmen and their families is of utmost importance," a spokesperson for Robins Air Force Base said in a statement. We are fully supporting the ongoing investigation and reviewing processes to ensure the appropriate measures are in place to safeguard our children.”An investigation into the allegations is ongoing by the U.S. Air Force Office of Special Investigations and Air Force Security Forces, with support from the FBI, according to the Justice Department. According to the Department of Defense, child care centers on military bases are randomly inspected at least four times a year and receive accreditation from the National Association for the Education of Young Children or a similar body.
Humana, CVS among firms looking to buy Cano Health - reports
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +1 min
Signage for Humana Inc. is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew KellyRegister now for FREE unlimited access to Reuters.com RegisterSept 22 (Reuters) - Humana and CVS Health (CVS.N) are among the several companies looking to buy senior-care facility operator Cano Health (CANO.N), according to media reports on Thursday, sending Cano's shares up about 50%. Register now for FREE unlimited access to Reuters.com RegisterCano operates primary-care centers in several U.S. states including California, Florida, Nevada, New Mexico, Texas, Illinois, and New York. (https://bit.ly/3xOAe8D)Cano did not immediately respond to Reuters requests for comment, while Humana and CVS said they do not comment on rumors or speculation. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinalika Roy in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
It gives 1% of sales to environmental causes and was an early adopter of organic cotton and paid parental leave. Staff can take time off to surf and nurse their babiesSince he founded the company, Chouinard has wanted staff to enjoy their jobs. "We encourage our parents to interact with their child by breast-feeding, having lunch together, or visiting at any time," Chouinard wrote. In 1991, Chouinard started leading weeklong seminars where corporate employees would camp out together and learn about Patagonia's business and environmental values. "Our mission statement says nothing about making a profit," Chouinard wrote in his autobiography.
Prosecutors say few meals were actually served, and the defendants used the money to buy luxury cars, property and jewelry. "This $250 million is the floor," Andy Luger, the U.S. attorney for Minnesota, said at a news conference. According to court documents, the alleged scheme targeted the USDA's federal child nutrition programs, which provide food to low-income children and adults. But during the pandemic, some of the standard requirements for sites to participate in the federal food nutrition programs were waived. Luger said the scheme involved more than 125 million fake meals, with some defendants making up names for children by using an online random name generator.
A key component of launching a successful startup is creating a pitch deck for potential investors. Insider asked eight startup founders to share their best tips for creating a strong pitch deck. While the founders had different approaches, each pitch deck was successful in getting investors' attention. Lin said the key to creating the pitch deck they showed investors was editing it depending on their audience. To successfully reach her $1 million preseed goal, Butler sent her pitch deck to hundreds of venture-capital firms and early-stage sponsors.
He recently spoke with economics professor Caitlin Myers about the impact of abortion bans. Myers said bans hurt women's economic agency, access to education, and careers. How abortion bans strip women of their economic agencyWhen lawmakers and judges outlaw abortion, they immediately erase a wide array of options for the estimated one in four women who have an abortion in their lifetimes. "Women's earnings are a lot closer to men's, and this is true in the United States and other developed countries." By diminishing women's economic power, abortion bans exclude women from fully participating in their lives and in the economy, keeping them politically and economically dependent on men for their survival.
WalletHub ranked the best US cities for affordability, activities, quality of life, and healthcare. The best cities for retirement in 2021 include Orlando, Charleston, and Scottsdale. New data from WalletHub looks at the best places in the US for retirement, based on affordability, quality of life, retirement-friendly activities, and healthcare. The activities category factored in popular retirement activities per capita, like fishing, golf courses, recreation and senior centers, and cultural activities. Quality of life included factors like the share of people over age 65, walkability, weather, and air and water quality.
Persons: WalletHub, , there's Organizations: Service Locations: Orlando, Charleston, Scottsdale, Minneapolis, Cincinnati, Fort Lauderdale, Atlanta
“HOMECARE” House inaugurated with Czech support
  + stars: | 2020-11-12 | by ( ) www.ipn.md   time to read: +3 min
“HOMECARE” House inaugurated with Czech supportThe public association “HOMECARE” has inaugurated the “HOMECARE” House with financial support provided by the Government of the Czech Republic through the agency of the Czech Development Agency. The Ambassador of the Czech Republic to Moldova Zděnek Krejčí said the inauguration of the new office of the Care Center is one more nice occasion for presenting an important accomplishment of the Czech Republic in the Republic of Moldova. The Czech Republic, through the agency of the Czech Development Agency, finances projects to improve the quality and availability of social services. With the assistance of the Czech Republic, ten homecare centers were founded in Chisinau and in Moldova’s regions,” stated Zděnek Krejčí. The Czech Republic annually supports development projects to the value of over €3 million in Moldova.
Persons: , HOMECARE ”, , Tamara Adașan, Moldova Zděnek Krejčí, Zděnek Krejčí, Viorica Dumbrăveanu, Ștefan Organizations: Government, Czech Development Agency, Care, , Czech Development Cooperation, Social, Caritas Czech Republic, AO Pro Development, Swiss, Cross, Mobile, Health, Labor, The Locations: Czech, Czech Republic, Chisinau, Moldova, Republic of Moldova, Moldova’s, Cahul, Ceadâr, Vulcănești, Horești, Fălești district, Țaul, Edineț, Ocnița
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