1. CVS Health to acquire Aetna for $69B: 5 things to know
CVS Health inked a definitive merger agreement to acquire all outstanding shares of Aetna for roughly $69 billion in cash and stock.
2. Scripps Health to eliminate CEO role in hospitals, cut $30M in corporate services
San Diego-based Scripps Health will eliminate the CEO position in its hospitals in favor of two regional CEOs and another in charge of ancillary services.
3. Trinity Health races to sell $889M in bonds ahead of tax changes
The possibility that Congress could eliminate federal tax breaks for a large portion of the municipal market has hospitals and other debt issuers hurrying to issue tax-free bonds before borrowing costs rise, according to Reuters.
4. Insider selling: Interim CEO unloads $35M in Cerner stock
Cliff Illig, interim CEO, chairman of the board and co-founder of Cerner, sold 530,000 shares of company stock from a revocable trust for $35 million in the past month, but that amount represents only a small portion of his total holdings, according to the Kansas City Business Journal.
5. 43 hospital partnerships and transactions in November
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past month.
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