Morning Briefing
Summaries of health policy coverage from major news organizations
In An Industry Going Through Major Upheaval, Health Companies That Do Nothing Are At Risk
The health-care industry is in the throes of a major shake-up. That creates a situation in which companies face a greater risk by standing pat than possibly overpaying for an acquisition.Amazon.com Inc., Berkshire Hathaway and JPMorgan Chase announced last month that they would start their own nonprofit company aimed at lowering medical costs for their employees. Separately, The Wall Street Journal reported that Amazon has designs on expanding its hospital-supplier business. (Grant, 2/15)
In other industry news —
HeartFlow Inc. has raised a fresh funding round that puts the company’s valuation over $1.5 billion. Wellington Management and Baillie Gifford led the a $240 million Series E, with participation from existing investors including the venture arm of HealthCor Partners Management. This brings the company’s total funding to date to about $475 million. (Mack, 2/14)
