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.

The Texas-based company is buying Precision Medicine Group, a Maryland-based company that supports cancer drug development with a variety of resources, including data and labs. 

Add lanes to a highway and the traffic only gets more congested. Add doctors to a local health system and waiting times increase. What explains these parallel paradoxes? 

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.

The company’s artificial intelligence is used by payers to aid in the development of health plans and to automatically scan medical claims for accuracy. According to a media report, the investment firm TPG is looking into buying the business.

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. 

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.