Cost-cuts help Philips to beat forecasts
Dutch electronics group Philips beat analysts’ consensus expectations for earnings by 17 per cent in the second quarter, with growing sales in all its divisions despite the recession in Europe.…
London to grab centre stage in dealmaking
The UK is set to be one of the unexpected brightspots for dealmaking in coming years, a new study has found – as it is the only major economy where…
Branson preferred bidder for Devon NHS
Richard Branson’s Virgin Care has been named as preferred bidder to run health and social care services for children in Devon, in the latest evidence of the government’s determination to…
Malaysia’s IHH priced near top of range
An offering to institutional investors of shares in Malaysia’s IHH Healthcare, one of the biggest initial public offerings this year, has been 132 times subscribed as the country’s IPO market…
UK healthcare: Poorly prescribed
©Corbis Intensive surgery: reforms to healthcare that appeared to come out of the blue sparked protests, particularly from those who feared Britain could be moving towards the American model Two…
US hospitals face financial problems
Hospitals in some US states are facing a potential financial crisis after a string of Republican governors rejected a provision of President Barack Obama’s healthcare law that would have expanded…
Linde raises €1.4bn to fund Lincare buyout
Linde, the German industrial gas producer, has raised €1.4bn ($1.7bn) via a capital increase to fund its $4.6bn acquisition of Lincare Holdings, a US provider of oxygen and respiratory homecare…
WellPoint to buy Amerigroup for $4.9bn
WellPoint, the US health insurer, will acquire rival Amerigroup Corporation in a $4.9bn cash acquisition, marking the first deal since the US Supreme Court upheld the Obama administration’s healthcare law.…
GSK ignored staff warnings over marketing
Senior GlaxoSmithKline executives failed to act on repeated warnings from employees over illegal marketing of its drugs, according to testimony from a whistleblower whose alerts triggered the company’s record $3bn…
Private groups step in to help public sector
When health service managers launched a push to increase efficiency at King’s Mill hospital in Nottinghamshire, they turned to an unlikely source of help. Unipart, an international logistics group whose…
Republicans see way to repeal Obamacare
©AP Rallying to the cause: Republican candidate Mitt Romney has been leading the race for the backing of the wealthy Republican leaders in Congress said they could overturn Barack Obama’s…
Baby boomer market is from cradle to grave
Sue Kruskopf and Nancy Bush stood before a panel of investors, trying to convince them how death could become an online business opportunity. Their website, MyWonderfulLife.com, helps baby boomers plan…
US healthcare: court cure
So much for the wisdom of crowds. Before the Supreme Court issued its ruling on the Affordable Care Act, the predictions market Intrade had the probability that the “individual mandate”…
Health companies’ reactions mixed
US hospital stocks jumped on Thursday after the US Supreme Court upheld the Obama administration’s healthcare law requiring most Americans to purchase health insurance. Shares in the biggest US hospital…
US court upholds bulk of ObamaCare
©AP The US Supreme Court has left the heart of Barack Obama’s healthcare law intact even as it overturned the legislation’s legal basis, handing the president a political victory. In…