• 2 massive healthcare deals just got approved by the DOJ - and they will change healthcare as we know it

    11 days ago - By Business Insider

    The US Department of Justice has now cleared two healthcare megamergers, after CVS Health and Aetna's $69 billion merger got the green light from the agency on Wednesday.
    In September, the agency also cleared Cigna's $67 billion merger with Express Scripts.
    The acquisitions, once officially closed, will redraw the healthcare industry as we know it, giving health plans a lot more control over who's paying for prescription drugs.
    The US Department of Justice has now cleared two healthcare megamergers, after CVS Health and Aetna's $69 billion merger got the green light from the agency on...
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  • An $80-a-month startup that wants to help straighten your teeth- without you having to step foot in an orthodontist's office - is now valued at $3.2 billion

    An $80-a-month startup that wants to help straighten your teeth- without you having to step foot in an orthodontist's office - is now valued at $3.2 billion

    11 days ago - By Business Insider

    SmileDirectClub, a company that provides clear aligners, announced on Wednesday it had raised new funding at a $3.2 billion valuation.
    The company was valued at $275 million just two years ago.
    SmileDirectClub has built up into a large operation with thousands of employees and plans to add more, as well as partnerships to get its first treatment step, an impression kit, into stores.
    Alex Fenkell keeps close tabs on one of his early customers.
    Fenkell, a co-founder of SmileDirectClub, picked up a customer service call in 2017 when Golden State Warriors forward Draymond Green called in after...
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  • Teeth-straightening startup SmileDirectClub is now worth $3.2 billion

    Teeth-straightening startup SmileDirectClub is now worth $3.2 billion

    11 days ago - By Tech Crunch

    SmileDirectClub, the at-home teeth-straightening startup, has just raised $380 million at a $3.2 billion valuation, the company announced today. Investors from Clayton, Dubilier & Rice led the round, which featured participation from Kleiner Perkins and Spark Capital.
    This funding comes on top of Align Technology's $46.7 million investment in SmileDirectClub in 2016, and another $12.8 million investment in 2017 to own a total of 19 percent of the company.
    “We are very excited with the outcome of our most recent fundraising round,” SmileDirectClub co-founder Alex Fenkell said in a...
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  • Lack of Trading Volume Tells Me This Correction Is Not Over

    Lack of Trading Volume Tells Me This Correction Is Not Over

    11 days ago - By Forbes

    The 3-month Treasury bill is yielding 2.27% today versus the 1.88% yield the S&P 500 sported as of yesterday's close, so there is a real possibility of substitution.
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  • A major private equity player just acquired the publicly traded Imperva for $2.1 billion - and there could be more acquisitions like it to come

    A major private equity player just acquired the publicly traded Imperva for $2.1 billion - and there could be more acquisitions like it to come

    11 days ago - By Business Insider

    Imperva, a publicly-traded cybersecurity company, announced a deal on Wednesday to be taken private by the private equity firm Thoma Bravo.
    The deal values Imperva around $2.1 billion, a 28% premium on where the stock price closed on Tuesday.
    The acquisition is aligned with consolidation trends in cybersecurity, according to analyst Joel Fishbein, and there could be more to come.
    Imperva's stock soared nearly 30% on Wednesday - despite a major market sell off - following its announcement that the private equity firm Thoma Bravo has agreed to acquire the company for $55.75 a share, a 28%...
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