Private equity firm Shore Capital Partners is in advanced talks to merge a pair of its veterinary practice platforms, via an $8.6 billion recapitalization sponsored by Silver Lake, as first reported by Bloomberg and confirmed by Axios.
Why it matters: This would create one of the country's largest pet services group with over 750 facilities, and is being driven by the pandemic-era boom in pet ownership.
When global drug supply chain issues crop up, they are 40% less likely to result in a meaningful drug shortage in Canada compared with the U.S., according to findings in JAMA Network.
Why it matters: Shortages are occurring more often and can be incredibly disruptive to U.S. health care, as most recently demonstrated by the IV fluid shortage.
Almost 200 countries at a UN biodiversity conference in Colombia agreed on a system for distributing proceeds fromproducts derived from genetic information into a global conservation fund.
Why it matters: Countries are seeking fair compensation for their resources, which they could restrict access to without a system for sharing the billions of dollars and other benefits from using genetic sequences to make drugs, cosmetics and agricultural products.
Fewer than 1 in 6 health care workers in hospitals and nursing homes reported getting COVID-19 boosters during the 2023-2024 respiratory virus season, a Centers for Disease Control and Prevention study found.
The big picture: The drop-off followed the expiration of a Biden administration vaccine mandate for health workers in June 2023 and the end of free access to government-funded COVID shots.
It's official: Doctors face another year of pay cuts from Medicare in 2025 under a rule finalized by the Biden administration on Friday, unless Congress steps in again to avert the decrease.
Former President Trump's plan to let Robert F. Kennedy Jr. "go wild" on federal oversight of food and medicine could have real and serious consequences.
Why it matters: Even in an informal role, Kennedy could help diminish some of the most functional parts of the health care system, potentially leading to increases in preventable disease.
