Health Care

Abbott to Buy St. Jude Medical for $25B

Abbott Laboratories said it agreed to buy medical device maker St. Jude Medical for $25 billion to add heft to its heart and neurological devices business.

Perrigo to Name Hendrickson CEO as Papa Joins Valeant

Drugmaker Perrigo has decided to let Chief Executive Officer Joseph Papa join Valeant Pharmaceuticals International as CEO and replace him with President John Hendrickson, according to people familiar with the matter.

UnitedHealth to Exit Most ObamaCare Exchanges in 2017: CEO

UnitedHealth Group Inc Chief Executive Officer Steven Hemsley said on Tuesday that the company would largely exit the Obamacare exchange market in 2017, following through on a warning he had given late last year that costs appeared to be unsustainable.

UnitedHealth's ObamaCare Exit Adds Pricing Pressure on Rivals

UnitedHealth Group Inc's decision to exit most of its Obamacare health insurance exchanges next year means rivals will need to raise prices further to prop up an unprofitable business, healthcare analysts and policy experts said on Tuesday.