Caroline's Feed
Sep 25, 2014

ValueAct returns to Valeant board, plans to raise stake

Sept 25 (Reuters) – Hedge fund ValueAct Capital said on
Thursday it would return to the board of directors of Valeant
Pharmaceuticals International Inc, which is pursuing a
hostile takeover offer for Allergan Inc, and that it
planned to increase its stake in the company.

Valeant shares rose more than 3 percent.

ValueAct Chief Executive Officer Jeffrey Ubben said in a
statement that once he is on the board, he would work with
Valeant on its $53 billion acquisition of Allergan, a deal whose
certainty he has previously questioned.

Sep 24, 2014

Your medical record is worth more to hackers than your credit card

NEW YORK/BOSTON (Reuters) – Your medical information is worth 10 times more than your credit card number on the black market.

Last month, the FBI warned healthcare providers to guard against cyber attacks after one of the largest U.S. hospital operators, Community Health Systems Inc, said Chinese hackers had broken into its computer network and stolen the personal information of 4.5 million patients.

Sep 23, 2014

U.S. government health agency sees 25 percent increase in Obamacare insurers

By David Morgan and Caroline Humer

(Reuters) – The number of insurers offering individual health plans on the Obamacare exchanges will increase about 25 percent in 2015 and that should keep down prices, the U.S. Department of Health and Human Services said on Tuesday in a report.

More than 7 million people signed up for health insurance through the exchanges in 2014, which were created under President Barack Obama’s national healthcare reform law and offer income-based subsidies.

Sep 23, 2014

U.S. Govt health agency sees 25 pct increase in Obamacare insurers

Sept 23 (Reuters) – The number of insurers offering
individual health plans on the Obamacare exchanges will increase
about 25 percent in 2015 and that should keep down prices, the
U.S. Department of Health and Human Services said on Tuesday in
a report.

More than 7 million people signed up for health insurance
through the exchanges in 2014, which were created under
President Barack Obama’s national healthcare reform law and
offer income-based subsidies.

Sep 17, 2014

Humana CEO: New competition curbs Obamacare plan prices

BOSTON (Reuters) – New competition between health insurers offering so-called Obamacare plans in 2015 is having an impact on the pricing of such coverage, based on a first look at proposed insurance premiums, the head of Humana Inc said on Wednesday.

The state insurance exchanges offering coverage under the Affordable Care Act. President Barack Obama’s landmark healthcare law will begin enrolling customers for 2015 benefits in mid-November. Now in its second year, Obamacare is attracting health insurers to offer plans in more states after over 8 million people enrolled for coverage in 2014.

Sep 12, 2014

Janus Global Life Sciences manager sees more deals ahead

By Caroline Humer

(Reuters) – Andy Acker, the portfolio manager of the Janus Global Life Sciences Fund since 2007, says the healthcare merger craze of the past year has been driven by medical innovations and corporate cost savings and is not likely to abate soon.

The fund, which had $2.3 billion under management as of July 31, has gained 24 percent so far this year compared with a 13 percent increase in the NYSE Arca Pharmaceutical Index as well as in the Nasdaq composite index.

Aug 27, 2014

Insurers pay more tax on executive compensation under Obamacare: study

By Caroline Humer

(Reuters) – 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.

The report from the Institute for Policy Studies examined executive compensation in the 2013 proxy filings from WellPoint Inc and UnitedHealth Group Inc, among others, and found that those companies paid more taxes than they would have if the law had not been passed.

Aug 27, 2014

Insurers pay more tax on executive comp under Obamacare: study

By Caroline Humer

(Reuters) – 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.

The report from the Institute for Policy Studies examined executive compensation in the 2013 proxy filings from WellPoint Inc and UnitedHealth Group Inc, among others, and found that those companies paid more taxes than they would have if the law had not been passed.

Aug 22, 2014

Ackman, other shareholders ask Allergan to call special meeting

BOSTON/NEW YORK, Aug 22 (Reuters) – Investors owning 31
percent of Allergan shares have asked the Botox maker to call a
special shareholder meeting, activist shareholder William Ackman
said on Friday, giving the hedge fund manager a victory in his
fight to acquire the Botox maker.

Ackman, whose Pershing Square Capital Management is
Allergan’s largest shareholder, said 35 shareholders including
some of Allergan’s “longest-standing” and “largest” investors
handed in paperwork on Friday to compel Allergan to call the
meeting.

Aug 22, 2014

Ackman, other shareholders ask Allergan to call special meeting

BOSTON/NEW YORK, Aug 22 (Reuters) – Investors owning 31
percent of Allergan shares have asked the Botox maker to call a
special shareholder meeting, activist shareholder William Ackman
said on Friday, giving the hedge fund manager a victory in his
fight to acquire the Botox maker.

Ackman, whose Pershing Square Capital Management is
Allergan’s largest shareholder, said 35 shareholders including
some of Allergan’s “longest-standing” and “largest” investors
handed in paperwork on Friday to compel Allergan to call the
meeting.