Hints and tips:
...Last summer, KKR decided it would simultaneously attempt both gambits to keep its Envision Healthcare investment alive. KKR had acquired the doctor staffing company for $10bn in 2018....
...Blue Owl, Ares, Oak Hill, HPS Investment Partners, Oaktree and Elliott Management were among the investors that agreed to lend the $4.8bn this week....
...Soon after, Centerview hired a trio of Bank of America technology bankers to lead the Palo Alto office....
...In Maryland, there is MidCap, which specialises in secured lending to medium-sized businesses, many of them in the healthcare sector....
...The new management team are heading into the Norwegian hills on Wednesday to flesh out the strategy at a mountain cabin....
...She joins the firm’s San Francisco Bay Area office from Simpson Thacher & Bartlett in Palo Alto....
...The failure of any of the top executives to take an active lead in defending the company reached its nadir last year, when Google at a hearing on Capitol Hill was represented by an empty chair....
...Job moves Metro Bank co-founder Vernon Hill has stepped down as chairman with immediate effect, as the UK challenger bank’s woes deepen. More here....
...(FT) News round-up India’s Oyo Rooms hotel chain buys @Leisure for €369m (FT) Warren Buffett’s Occidental deal is no ‘elephant’ but it helps (FT) McGraw-Hill Education and Cengage plan merger (FT) SoftBank...
...Mr Carreyrou rejects the argument that this was a healthcare company that attracted mainly “dumb money”....
...Now it's been a day of relative calm on the markets here in New York, and obviously, quite a lot of drama in Washington where the subject is the healthcare bill....
...Chan, a paediatrician and teacher, started The Primary School, combining education and healthcare for an underprivileged community in East Palo Alto....
...He stressed that the first deals to supply content — including with Dow Jones and McGraw Hill — were just the beginning....
...There was no reason that Symphony could not extend into other industries such as healthcare, said Salman Ullah, a partner at Merus Capital, a Palo Alto-based venture firm, and a former colleague of Mr Gurle...
...Nima Ahmadi, co-founder of Bioniq Health, a digital health start-up based in Palo Alto, California, says: “The noise-to-signal ratio in this space is one of the highest I have seen....
...If Dick Whittington arrived in America today, Palo Alto is where he would head. Gary he would avoid....
...The US healthcare industry has been under pressure from slowing use of medical services, because of the economic downturn and uncertainty over new healthcare legislation last year....
...On his own now, he gets no salary and relies on the state for his healthcare, like millions of other British citizens....
...FrontPoint, a $7bn fund which has not been accused of wrongdoing, closed a $1.2bn healthcare fund after a portfolio manager was alleged to have received tips about a drug trial....
...Mr Obama focuses on insurers amid intense insecurity on Capitol Hill about whether or not Democrats in the House and Senate will have enough votes to pass legislation at the month’s end....
...But the politics of Capitol Hill is not, to use Mr Bayh’s word, “brain-dead”. If only it were. Representative bodies should not be brainy places....
...The last private equity-backed IPO in the UK was Telecity, the data centre operator backed by 3i and Oak Hill, which floated more than 18 months ago....
...“We know that if we bring down skyrocketing healthcare costs, enforce our trade agreements and cut taxes for companies that keep jobs here, we can strengthen our economy.”...
International Edition