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Reuters Reveals Encompass Health’s home health unit attracts acquisition interest

March 7, 2022 - 5:44pm

Reuters exclusive noted that private equity firms including Advent International and companies including Aveanna Healthcare Holdings Inc have expressed interest in acquiring the home health and hospice business of Encompass Health Corp. Encompass, which provides post-acute healthcare services, said in October that it planned to spin off the business, called Enhabit, in the first half of 2022. Last month the Birmingham, Alabama-based company said it was open to the separation happening through a sale or a merger.

The post Reuters Reveals Encompass Health’s home health unit attracts acquisition interest appeared first on Reuters News Agency.

Reuters reveals Novavax underdelivers on COVID vaccine promises; market reacts

February 9, 2022 - 1:35am

Reuters revealed that the drugmaker has only delivered a small fraction of the 2 billion COVID-19 vaccines it has promised to governments worldwide and has delayed shipments expected in the first quarter to the European Union, Indonesia and the Philippines. The story, with reporting from the United States, Europe and Asia, also revealed how far behind Novavax is in fulfilling its promises to governments and to COVAX, the global vaccine distribution program that plays a key role in supplying the vaccines to low-income countries. Officials in the Philippines said that they are now seeking to trim their Novavax contract, as a longer-than-expected wait for the company’s vaccine led the country to stockpile supply from other drugmakers. Several industry analysts said they are reviewing their 2022 vaccine sales forecasts of around $5 billion for Novavax in light of the news.

The post Reuters reveals Novavax underdelivers on COVID vaccine promises; market reacts appeared first on Reuters News Agency.

Reuters reveals J&J’s secret plan to cap litigation payouts to cancer victims

February 4, 2022 - 7:50pm

On Feb. 4, Reuters revealed in a Special Report that Johnson & Johnson privately took concrete steps starting as early as April 2021 to consider and plan a maneuver, known as a Texas two-step, to shift all its talc liability onto a newly created subsidiary that would immediately file for bankruptcy. The maneuver–J&J’s latest attempt to manage mounting allegations that asbestos lurked in its talc and caused terminal illnesses–halted all litigation against the company and could require plaintiffs to compete in bankruptcy court for compensation from a limited pool of money.

The post Reuters reveals J&J’s secret plan to cap litigation payouts to cancer victims appeared first on Reuters News Agency.

Reuters reveals U.S. diabetes deaths top 100,000 for second straight year

January 31, 2022 - 3:30pm

Reuters exclusively reported that more than 100,000 Americans died from diabetes in 2021, marking the second consecutive year for that grim milestone and spurring a call for a federal mobilization similar to the fight against HIV/AIDS. The new figures come as an expert panel urges Congress to overhaul diabetes care and prevention, including recommendations to move beyond a reliance on medical interventions alone. A report released earlier this month calls for far broader policy changes to stem the diabetes epidemic, such as promoting consumption of healthier foods, ensuring paid maternal leave from the workplace, levying taxes on sugary drinks and expanding access to affordable housing, among other areas.

The post Reuters reveals U.S. diabetes deaths top 100,000 for second straight year appeared first on Reuters News Agency.