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.
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.
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.
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.
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.