Morning Briefing
Summaries of health policy coverage from major news organizations
CVS Making 'Good Progress' On Getting Regulatory Approval For Aetna Deal
CVS Health Corp. said it鈥檚 making 鈥済ood progress鈥 on getting regulatory approval for its $68 billion deal to buy health insurer Aetna Inc. -- one of two megamergers in the health-care industry that are under antitrust scrutiny. In the meantime, the drug retail giant has suspended its share buyback plan. The company, one of the U.S.鈥檚 leading providers of drug-benefits for employers and health plans, also signaled that some employers may be waiting to see how the sector will be reshaped before making major decisions on contracts that typically last three years. (Langreth, 5/2)
In other health industry news聽鈥
Nokia said it plans to sell its small digital health business, including activity trackers and smartwatches, to a co-founder of the venture. Digital health was one of the areas Nokia had been counting on for future growth opportunities amid a tough market for its mainstay telecom network equipment business. But the business failed to meet growth expectations, an internal memo showed in February after Nokia started a strategic review of it. (Rosendahl, 5/2)
Ascension is partnering with a large Australia-based international hospital company to form what appears to be the first-ever global supply chain firm. A major goal of the joint venture between Ascension and Sydney-based Ramsay Health Care, announced Tuesday, is to reduce costs at Ascension's 151 U.S. hospitals and hundreds of other not-for-profit facilities to the levels in lower-cost countries. (Meyer, 5/1)