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Business News: Medtronic’s $650M pain treatment buy | Humana exits hospice | Epic trademark lawsuit | Walmart telehealth

News You Need to Know Today
Business News: Medtronic’s $650M pain treatment buy | Humana exits hospice | Epic trademark lawsuit | Walmart telehealth
Friday, June 26, 2026
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Editor's Choice: Business News

Medtronic acquires non-opioid nerve pain treatment company for $650M

The acquisition of SPR Therapeutics will allow Medtronic to expand its portfolio of neuromodulator medical devices. The deal is expected to close in 2027.

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Medtronic acquires non-opioid nerve pain treatment company for $650M

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The acquisition of SPR Therapeutics will allow Medtronic to expand its portfolio of neuromodulator medical devices. The deal is expected to close in 2027.
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Humana exits $900M position in end-of-life provider Gentiva

The Kentucky-based insurance giant had owned a 40% stake in the hospice company, stemming from its 2021 acquisition of Kindred Healthcare. Humana said a “consortium of investors" is making the buy, but few details were revealed.

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Humana
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Humana exits $900M position in end-of-life provider Gentiva

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Humana
The Kentucky-based insurance giant had owned a 40% stake in the hospice company, stemming from its 2021 acquisition of Kindred Healthcare. Humana said a “consortium of investors" is making the buy, but few details were revealed.
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Ascension, FTC reach deal as $3.9B acquisition of Amsurg is finalized

The buyout, announced last summer, drew the attention of federal regulators at the Federal Trade Commission, concerned that competition for ambulatory surgery services would be stifled by the merger. To appease the agency, Ascension has agreed to divest from some centers previously owned by Amsurg.

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healthcare money economics dollar stethoscope acquire merger
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Ascension, FTC reach deal as $3.9B acquisition of Amsurg is finalized

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healthcare money economics dollar stethoscope acquire merger
The buyout, announced last summer, drew the attention of federal regulators at the Federal Trade Commission, concerned that competition for ambulatory surgery services would be stifled by the merger. To appease the agency, Ascension has agreed to divest from some centers previously owned by Amsurg.
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‘Epic’ trademark lawsuit leaves healthcare staffing firm without a name

Epic Systems, the market leading EHR vendor, sued California-based Epic Staffing in 2024, arguing that the company’s name created confusion in the market. The lawsuit was settled out of court, with the employment firm agreeing to a full rebrand.

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Epic campus sculpture art. Photo by Dave Fornell
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‘Epic’ trademark lawsuit leaves healthcare staffing firm without a name

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Epic campus sculpture art. Photo by Dave Fornell
Epic Systems, the market leading EHR vendor, sued California-based Epic Staffing in 2024, arguing that the company’s name created confusion in the market. The lawsuit was settled out of court, with the employment firm agreeing to a full rebrand.
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FTC settles lawsuit with Optum Rx, ending its campaign against the ‘big three’ PBMs

The agency had been suing the three largest pharmacy benefit managers over their alleged control of insulin prices. It reached agreements with CVS’ Caremark and Cigna’s Express Scripts earlier this year.

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Optum UnitedHealthcare UnitedHealth Group HQ
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FTC settles lawsuit with Optum Rx, ending its campaign against the ‘big three’ PBMs

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Optum UnitedHealthcare UnitedHealth Group HQ
The agency had been suing the three largest pharmacy benefit managers over their alleged control of insulin prices. It reached agreements with CVS’ Caremark and Cigna’s Express Scripts earlier this year.
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Connecticut passes law to curb hospital sale-leaseback deals, favored by private equity firms

Senate Bill 196 was signed into law by Gov. Ned Lamont a year after the state saw Prospect Medical Holdings, an investor-backed health system, fall into bankruptcy as investors extracted hundreds of millions of dollars in fees from its hospitals.

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Connecticut passes law to curb hospital sale-leaseback deals, favored by private equity firms

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private equity
Senate Bill 196 was signed into law by Gov. Ned Lamont a year after the state saw Prospect Medical Holdings, an investor-backed health system, fall into bankruptcy as investors extracted hundreds of millions of dollars in fees from its hospitals.
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Nvidia partners with clinical note-taking company to improve suite of AI models

The collaboration between the chipmaker and Abridge, a developer of generative AI for healthcare, will involve data-sharing to improve Nvidia’s general-purpose models, which in turn will be used to make Abridge’s clinical offerings more efficient.

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Nvidia partners with clinical note-taking company to improve suite of AI models

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Nvidia
The collaboration between the chipmaker and Abridge, a developer of generative AI for healthcare, will involve data-sharing to improve Nvidia’s general-purpose models, which in turn will be used to make Abridge’s clinical offerings more efficient.
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Company behind popular Ōura Ring files paperwork for IPO

Details are slim, but Ōura Health confirmed it submitted a draft registration with the Securities and Exchange Commission. The company received $900 million in new funding from investors in October. 

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Smart Ring
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Company behind popular Ōura Ring files paperwork for IPO

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Smart Ring
Details are slim, but Ōura Health confirmed it submitted a draft registration with the Securities and Exchange Commission. The company received $900 million in new funding from investors in October. 
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Nationwide private-equity backed hospital chain announces shift to nonprofit business model

Quorum Health said the move will allow it to save money through tax exemptions and provide its 11 hospitals with access to the 340B Drug Pricing Program. The health system is majority-owned by Goldentree Asset Management.

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money cost cutting Medicare scissors dollar economics
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Nationwide private-equity backed hospital chain announces shift to nonprofit business model

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money cost cutting Medicare scissors dollar economics
Quorum Health said the move will allow it to save money through tax exemptions and provide its 11 hospitals with access to the 340B Drug Pricing Program. The health system is majority-owned by Goldentree Asset Management.
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Walmart expands virtual patient care offerings with Teladoc integration

Teladoc, the popular telehealth platform, will provide urgent care, dermatology and nutrition support through Walmart’s existing virtual patient care platform. The companies made the announcement Thursday.

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Walmart Health clinic in Florida
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Walmart expands virtual patient care offerings with Teladoc integration

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Walmart Health clinic in Florida
Teladoc, the popular telehealth platform, will provide urgent care, dermatology and nutrition support through Walmart’s existing virtual patient care platform. The companies made the announcement Thursday.
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