Cue Health receives $481 million from HHS to increase production of COVID-19 diagnostic tests
Cue Health receives $481 million from HHS to increase production of COVID-19 diagnostic tests
… HHS Invests In Cue Health To Accelerate COVID-19 Test Production …

COVID-19 Test Produces Accurate Results In 20 Minutes

John G. Baresky

San Diego, California-based Cue Health is receiving a massive boost in funding from the Department of Health and Human Services (HHS). HHS is investing $481 million in Cue so that it can ramp up the production of its COVID-19 diagnostic test.

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Cue Health, San Diego, California

Fast, reliable tests differentiate the Cue Health COVID-19 test from others

The Cue Health diagnostic test generates results in about 20 minutes. …


Rite Aid acquires Bartell Drugs and its 67 pharmacies
Rite Aid acquires Bartell Drugs and its 67 pharmacies
… Rite Aid announces surprise acquisition of Bartell Drugs …

Bartell’s is one of the last remaining privately-held retail drugstore chains

John G. Baresky

In an unexpected move, Rite Aid (NYSE: RAD) has announced it is acquiring the privately-held, family-owned and operated Bartell Drugs retail pharmacy chain for $95 million. The deal will add 67 stores to Rite Aid’s 2,500 pharmacies.

Bartell Drugs was in operation for over 120 years

Bartell Drugs was founded in 1890 and its stores are centered around the greater Seattle marketplace. The independent pharmacy chain was under heavy competition from Costco, CVS, Walgreens and Walmart as well as from pharmacy benefit manager (PBM) mail order pharmacy rivals operated by UnitedHealth Group, Aetna (CVS), Express Scripts (Cigna), Huma, Prime Therapeutics and others plus the growing success of grocery chain Kroger’s in-store pharmacy units.


Select Rehabilitation buys Kindred Healthcare business unit
Select Rehabilitation buys Kindred Healthcare business unit
… Select Rehabilitation Expands Growth With Kindred Healthcare Deal …

Kindred exits an industry sector it helped commercialize

Select Rehabilitation, a leader in senior care and other specialized patient care services, is buying Kindred Healthcare’s RehabCare business unit. Headquartered in Glenview, Illinois Select Rehabilitation was founded in 1997 and is a privately-held company.

The divestiture by Kindred Healthcare is part of a long term corporate strategy that it has been orchestrating over the last several years. For Select Rehabilitation, it escalates their growth trajectory and positions them in the upper ranks of contenders in the sector.

Mergers & acquisitions growing in frequency and scale in the LTC/SNF and assisted living healthcare sector

The Select Rehabilitation and Kindred Healthcare deal reflects the ongoing consolidation trend among assisted living facility and skilled nursing facility (SNF) or long term care (LTC) operators. …

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