Washington, D.C. – Lawmakers in Congress are making a serious push to force the sale of TikTok, posing a significant threat to the app’s future in the United States. The House recently passed legislation that could lead to a nationwide ban of TikTok if its Chinese owner does not comply. The Senate is expected to vote on the bill as early as Tuesday. Unlike previous efforts in the House, this latest move is part of …
Boston, Massachusetts – Members of the Massachusetts Policy Commission board are facing a daunting task as they delve into evaluating the proposed sale of Steward Health Care’s physician network to UnitedHealth Group’s Optum. The potential sale has raised concerns about the impact on patients and the viability of small community hospitals, prompting Commissioner Barbara Blakeney to describe the situation as “mind-bogglingly complex and potentially harmful.” Stewardship Health, the physician network in question, is set to …
TORONTO, Ontario – One of the largest pension plans in Canada, Ontario Municipal Employees Retirement System (OMERS), has put up for sale the country’s largest medical testing company, LifeLabs Medical Laboratory Services, after building the business over 17 years. The company has drawn interest from potential buyers in both the United States and Canada. OMERS hired investment banks to help find a new owner for Toronto-based LifeLabs. The plan has invested more than $2.5 billion …
LONDON – UK pension funds are at the center of a crisis as they prepare for a large-scale private asset sale to alleviate the pressure caused by a surge in government bond yields. In response to the recent increase in bond yields, pension funds in the UK are faced with the challenge of needing to sell off a significant amount of private assets, such as real estate and infrastructure, to cover the shortfall in their …
Boston, Massachusetts – State health care officials were notified Tuesday about a potential sale involving Stewardship Health Inc. and its contracting Steward Health Care Network to OptumCare, a subsidiary of UnitedHealth Group. The proposed transaction raised concerns about the impact on health care delivery and costs both in Massachusetts and nationally. The acquisition of Steward Health Care’s physician group by Optum Financial of Minnesota marks a significant change in the landscape of medical providers. Stewardship …
New York, NY – Johnny Carson’s former New York mansion, located in the bustling city, is now up for sale, offering potential buyers a chance to own a piece of history. The stunning property, spanning 9,923 square feet on a 1.94-acre lot, is listed at $5.3 million and boasts a variety of luxurious amenities. Built in 1928, this grand residence features six bedrooms, seven full bathrooms, and one half-bath, making it the epitome of sophistication …
St. Louis, Missouri – Amidst the usual hustle and bustle of Girl Scouts cookie season fundraising, a troop in Missouri took a different approach. Troop 149, consisting of eight girls, decided to raise money by making and selling bracelets, with the intention of donating the proceeds to the Palestine Children’s Relief Fund during the ongoing crisis in Gaza. Troop leader Nawal Abuhamdeh supported the girls’ decision, noting their passion and empathy for the situation. However, …
BATON ROUGE, Louisiana – Blue Cross Blue Shield’s proposed $2.5 billion sale to Elevance Health has hit another roadblock, halting the deal less than 12 hours before regulatory hearings were scheduled to take place. This is the second setback for the sale, with Blue Cross citing regulatory and stakeholder concerns for the pause. The potential sale, which would have been the largest healthcare deal in the state’s history, has stirred controversy and faced opposition from …