Bad Timing: Fed Raises Borrowing Costs During ACG NY Healthcare Conference
Some of the leading experts in the healthcare industry convened at the ACG NY 15th Annual Healthcare Conference in New York City, and spirits were high amid the volatile environment surrounding M&A. No one brushed aside the headwinds facing the industry, such as inflation, labor shortages and costs, and rising interest rates during the March 22 event. Investors, analysts, lenders and advisors were confident they could close deals and grow businesses, but it’s going to require a more hands-on approach. “You need to have a tailored thesis for each business,” said Andrew Colbert, senior managing director at Ziegler, during one of the panel discussions. “You can’t have a... Read More »
The Transcripts: Takeaways from CVS, Teladoc, and DaVita Earnings
In our first earnings roundup, we looked at the fourth-quarter and full-year 2022 financial performance of three major publicly traded companies in the managed care market. They achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. To read more about earnings results in the managed care market, you can read that spotlight on the LevinPro HC platform here. This week, we’re looking at companies in other healthcare verticals, including retail, dialysis and eHealth. CVS Health Corporation, Teladoc Health, Inc. and DaVita Inc are all prominent in their respective fields, and their financial performance can reveal much about the... Read More »
The Managed Care Earnings Round-Up
Some of the largest Managed Care providers in the world have announced their earnings for 2022, and the results are looking promising for the Managed Care space. Humana Inc., Centene Corporation and Cigna Corp. all achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. However, M&A within the Managed Care sector slowed in 2022, with just 43 transactions announced, a 10.4% decrease from 2021 when 48 deals were announced. This decline is the result of a shift in these company’s growth strategy as they focus on cleaning up their portfolios through divestments. Humana Inc. (NYSE:HUM) Humana reported strong operating and... Read More »
People on The Move
In this short segment, we want to highlight two people who have recently moved companies in the healthcare space. Andrew Sartoris, MBA Andrew Sartoris, MBA is joining Regent Surgical Health as Vice President of Strategic Initiatives. Previously the Assistant Vice President of Strategy & Innovation at HCA Healthcare, Inc., Sartoris led and advanced enterprise and business unit growth initiatives in support of HCA’s portfolio of more than 180 hospitals and 2,000 ambulatory care sites in 20 states as well as across the United Kingdom. In Sartoris’ new position at Regent Surgical Health, he will use his expertise to shape Regent’s direction. He will work closely with the leadership team... Read More »
UnitedHealth Group Posts $4.9 Billion Profit in Q4:22 Earnings
UnitedHealth Group (NYSE: UNH) announced its financial results for the fourth quarter ended December 31, 2022. The company offers products through two business platforms: UnitedHealthcare, which provides healthcare coverage and benefits services; and Optum, a pharmacy benefit manager and health care provider. UnitedHealth Group recorded double-digit percentage growth in revenue year over year across UnitedHealthcare and Optum, driven primarily by both lines of businesses expanding to provide more comprehensive care to a larger base of people across the U.S. The Minnetonka, Minnesota-based company reported: A 12.3% increase in net revenue from $73.7 billion in Q4:21 to $82.8 billion in... Read More »Schedule a demo
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