Health-care providers are unlikely to sustain a stock-market lead over medical plans once the U.S. Supreme Court decides on the Patient Protection and Affordable Care Act, according to Jefferies & Co. analysts.
Emergency Medical Services Corp. is near an agreement to be acquired by private-equity firm Clayton Dubilier & Rice LLC in a leveraged buyout valued at about $3.1 billion, three people familiar with the matter said.
Medco Health Solutions Inc., the drug-benefits manager seeking to merge with rival Express Scripts Inc., said third-quarter profit beat analysts’ estimates on greater use of generic drugs. The shares rose 11 percent.
HCA Holdings Inc. and Tenet Healthcare Corp. led hospital stocks higher after the companies said a settlement of a 13-year-old lawsuit over Medicare payments would boost revenue and HCA reported higher admissions.
Emergency Medical Services Corp. shares fell the most in almost two years after the company agreed to be bought by private-equity firm Clayton, Dubilier & Rice LLC for $64 a share, less than some investors expected.
Medco Health Solutions Inc. fell the most in almost six months after Reuters reported that “key people” at the U.S. Federal Trade Commission are seeking to stop the company’s proposed $29.1 billion acquisition by rival pharmacy benefits company Express Scripts Inc.