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News You Need to Know Today
Business News: Waystar seeking buyer | GE to buy Sophie for $1B | Labcorp buys prostate cancer test | Fairfield joins Adena
Tuesday, October 20, 2026
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Editor's Choice: Business News

$5.2B healthcare RCM giant Waystar seeking buyer, report reveals

Any negotiations are currently in the early stages, sources told Reuters. If a deal closes, Waystar could be taken off the stock market and restructure itself as a private business. 

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REVENUE MONEY INCREASE DOLLAR GRAPH FINANCE
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$5.2B healthcare RCM giant Waystar seeking buyer, report reveals

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REVENUE MONEY INCREASE DOLLAR GRAPH FINANCE
Any negotiations are currently in the early stages, sources told Reuters. If a deal closes, Waystar could be taken off the stock market and restructure itself as a private business. 
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Report: GE HealthCare to buy Sofie Biosciences for $1 billion as part of pharmaceutical diagnostics expansion

The deal, which sources told reporters could be finalized as early as next week, would mean GE HealthCare would become the sole owner of the private-equity backed radiopharmaceutical developer.

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GE HealthCare’s contrast media manufacturing site in Cork Ireland
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Report: GE HealthCare to buy Sofie Biosciences for $1 billion as part of pharmaceutical diagnostics expansion

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GE HealthCare’s contrast media manufacturing site in Cork Ireland
The deal, which sources told reporters could be finalized as early as next week, would mean GE HealthCare would become the sole owner of the private-equity backed radiopharmaceutical developer.
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Labcorp to buy medical diagnostics company, proprietary prostate cancer test in $872M deal

Once the deal closes, BioReference and its FDA-approved 4Kscore Test—currently owned by Opko Health—will become part of Labcorp, allowing it to expand its blood testing capabilities.

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scan of prostate
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Labcorp to buy medical diagnostics company, proprietary prostate cancer test in $872M deal

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scan of prostate
Once the deal closes, BioReference and its FDA-approved 4Kscore Test—currently owned by Opko Health—will become part of Labcorp, allowing it to expand its blood testing capabilities.
READ MORE >

CVS agrees to $315M settlement in DOJ opioid epidemic lawsuit

The company does not admit to wrongdoing, but was accused by the U.S. Department of Justice in 2024 of unlawful prescriptions for controlled substances, going on to bill Medicare and other government health programs.

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CVS agrees to $315M settlement in DOJ opioid epidemic lawsuit

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The company does not admit to wrongdoing, but was accused by the U.S. Department of Justice in 2024 of unlawful prescriptions for controlled substances, going on to bill Medicare and other government health programs.
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Last year’s healthcare data breach at Oracle impacted 20M people: Report

The hack, which was revealed earlier this year in a report from Bleeping Computer, is said to have been limited to a legacy server. Oracle denied its cloud environment had been compromised. 

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Last year’s healthcare data breach at Oracle impacted 20M people: Report

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The hack, which was revealed earlier this year in a report from Bleeping Computer, is said to have been limited to a legacy server. Oracle denied its cloud environment had been compromised. 
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Housing AI company hits $4B valuation as it expands into healthcare

With its $350M in new funding, EliseAI said it plans to build out its technology and sales force. It currently works with specialty provider groups to automate practice operations such as scheduling and insurance verification.

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Housing AI company hits $4B valuation as it expands into healthcare

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With its $350M in new funding, EliseAI said it plans to build out its technology and sales force. It currently works with specialty provider groups to automate practice operations such as scheduling and insurance verification.
READ MORE >

Mayo Clinic, Thermo Fisher Scientific launch new AI-supported diagnostics company

The new entity, Precure, will be owned by both groups. Its work in detecting early disease for timely intervention stems from a research project launched this summer. The Mayo Clinic said Precure will make the results of that initiative actionable.

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Mayo Clinic was listed the No. 3 top cardiovascular hospital in the nation by U.S. News and World Report.
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Mayo Clinic, Thermo Fisher Scientific launch new AI-supported diagnostics company

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Mayo Clinic was listed the No. 3 top cardiovascular hospital in the nation by U.S. News and World Report.
The new entity, Precure, will be owned by both groups. Its work in detecting early disease for timely intervention stems from a research project launched this summer. The Mayo Clinic said Precure will make the results of that initiative actionable.
READ MORE >

UnitedHealthcare eliminates prior authorization requirements linked to 1,700 procedure codes

The change will begin Oct. 1, impacting 11 states. The effort is part of a plan to eliminate prior authorization approvals for 30% of healthcare services by the end of the year, the insurer confirmed.

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AMA fixing prior authorization at the AMA 2022 House of Delegates meeting. Photo by Dave Fornell
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UnitedHealthcare eliminates prior authorization requirements linked to 1,700 procedure codes

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AMA fixing prior authorization at the AMA 2022 House of Delegates meeting. Photo by Dave Fornell
The change will begin Oct. 1, impacting 11 states. The effort is part of a plan to eliminate prior authorization approvals for 30% of healthcare services by the end of the year, the insurer confirmed.
READ MORE >

Fairfield Medical Center joins Adena Health after FTC pushback on OhioHealth merger

The Federal Trade Commission was concerned a buyout by OhioHealth would over-consolidate services in rural parts of the state. With the acquisition, Adena brings its hospital count to five, as opposed to OhioHealth’s 16.  

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Federal Trade Comission FTC Sign logo
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Fairfield Medical Center joins Adena Health after FTC pushback on OhioHealth merger

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Federal Trade Comission FTC Sign logo
The Federal Trade Commission was concerned a buyout by OhioHealth would over-consolidate services in rural parts of the state. With the acquisition, Adena brings its hospital count to five, as opposed to OhioHealth’s 16.  
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