SHANGHAI/HONG KONG - Grappling with a slowing economy, China's biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and IT in a bid to boost revenue.
LONDON - Fancy testing an Ebola vaccine? It may sound scary but the scientist behind the British trial of a shot that has so far only been given to monkeys sees little risk and is optimistic he will drum up enough volunteers.
- When Washington eliminated corporate tax deductions on health insurance executive compensation above $500,000 under President Barack Obama's healthcare reform law in 2013, it generated more than $72 million in additional tax revenue for the U.S. government, a left-leaning think tank said on Wednesday.
BASEL Switzerland - Swiss drugmaker Novartis AG does not expect copycat versions of biotech drugs to play an important role in the healthcare system for another three to five years, its chief executive said on Monday.
FREETOWN/LONDON - A British healthcare worker who contracted Ebola in Sierra Leone - the first Briton to catch the deadly virus - was flown home for treatment on Sunday, as the World Health Organization confirmed another foreign medic had caught the disease. | Video
WASHINGTON D.C./SAN FRANCISCO - Todd Park, President Barack Obama's chief technology officer who played a role in fixing the flawed Healthcare.gov website, is moving to a new job recruiting top Silicon Valley talent to government, a source familiar with the situation said on Friday.
WASHINGTON D.C./SAN FRANCISCO - The U.S. chief technology officer at the time of the troubled rollout of Healthcare.gov is stepping down and moving into a new role recruiting top Silicon Valley talent to government, a source familiar with the situation said on Friday.
NEW YORK - Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.
- Skilled Healthcare Group Inc and privately held Genesis HealthCare said on Monday they have agreed to combine in an all-stock transaction that will create one of the largest U.S. operators of long-term care facilities.
NEW YORK - ConvaTec's private equity owners plan to explore a sale of the medical device maker next year, even as interest from several healthcare companies in a potential $10 billion acquisition intensifies, according to people familiar with the matter.
Americans will pay an average of $328 monthly for a mid-tier insurance plan when the Obamacare health exchanges open for enrollment, the federal government said. Full Article
Here comes the day the Obamacare enthusiasts have been waiting for and the haters have dreaded: The mandated state health insurance exchanges open for business. Full Article