MModal Inc.’s agreement to be taken private by JPMorgan Chase & Co. at the medical information industry’s lowest premium in seven years won’t be enough to cement the deal, according to traders who wager on acquisitions.
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.
Blackstone Group LP is in talks to purchase Emdeon Inc., a provider of billing systems and software for health-care companies, for more than $3 billion, including debt, said a person with knowledge of the deal.
Clayton, Dubilier & Rice LLC and Goldman Sachs Group Inc.’s private-equity unit are in talks to buy medical supply distribution company Harrington Holdings Inc. for about $850 million including debt, said two people with knowledge of the discussions.
Traders willing to bet that Express Scripts Inc.’s $29.1 billion offer for Medco Health Solutions Inc. can win antitrust approval now have a chance to earn the biggest profit of any takeover in America.
Express Scripts Inc. and Medco Health Solutions Inc., facing congressional scrutiny over their plan to form the biggest U.S. pharmacy-benefits manager, told lawmakers the deal would preserve competition and lower costs while improving patient care.