Given the slight uptick in Google shares on an otherwise down day, the early reviews on the company’s acquisition of privately held Zagat are positive. We agree – combining Zagat’s comprehensive user ratings and reviews of restaurants and other local
The 2Q11 earning season was obviously eventful, with wrangling over the US debt limit a catalyst for a major rerating of the entire market. Against this, technology, despite its unusually low relative valuation, performed in line vs. the broader index.
The DoJ’s announcement that it will sue to block AT&T’s acquisition of T-Mobile USA should come as no surprise for several reasons: -Justice, under the Obama administration, has been active with a strong anti-trust agenda, having blocked NASDAQ’s proposed
The days of stand-alone devices may soon be behind us, as mobile platforms integrate functionality into a seamless experience across access venues. Consumers will access profiles, applications and content in a consistent and intuitive manner whether via smartphone, tablet,
On August 4, 2011 CMS hosted a meeting to update external stakeholders on the status of the implementation and roll-out of the national actual acquisition cost (AAC) survey, the existence of which Secretary Sebelius first revealed in a letter to
Google’s $12.5B acquisition of Motorola Mobility was a jolt on what would have otherwise been a typically sleepy mid-August trading Monday. While the all-cash price tag seems hefty at first look, MMI’s balance sheet is strong with $3B in net
Since details of the Budget Control Act were made public, Hospitals have meaningfully underperformed the broader Healthcare industry; Large-Cap Pharmaceuticals, Specialty Pharmaceuticals, Biotech and Medical Devices have performed in-line This implies that the Act’s committee fails to produce legislation, which
The Budget Control Act calls for $2.1T to $2.5T in cumulative deficit reduction for the period 2013 – 2021. $917B of this is in the form of ‘up-front’ cuts in discretionary spending, and has no appreciable effect on health spending
Disney, News Corp and Comcast have put their internet streaming venture Hulu on the block for sale. At first glance, the service, which boasts 28 million users enjoying exclusive on-line access to the current programming line-ups from 264 content partners,
We update and summarize our PBM bear case in light of ESRX’ bid for MHS Generic dispensing margins (est. $9.01 / Rx) should fall toward brand levels (est. $5.77 / Rx) if average wholesale price (AWP) is replaced by a
