Health tech

Dassault Systemes buying Medidata in $5.8 billion deal

Dassault Systemes CEO Bernard Charles speaks behind a podium.
Dassault Systemes CEO Bernard Charles. Photo: Vincent Isore/IP3/Getty Images

Dassault Systemes, a French maker of industrial software and technology, is buying New York-based health data provider Medidata in a deal worth $5.8 billion.

The bottom line: Medidata registered a $52 million profit last year on $636 million of revenue, but Dassault is betting that more pharmaceutical and medical device companies will use Medidata's software to help their products clear clinical trials. More than 1,000 health care companies already use Medidata for clinical trial work.

CVS' big ambitions

This image shows a CVS pharmacy sign that also says "24 hours"
Photo: Roberto Machado Noa/LightRocket via Getty Images

CVS' ambitions keep growing, but skepticism about those ambitions isn’t going away.

The big picture: Federal Judge Richard Leon signaled Tuesday that he's still concerned about the company's $69 billion merger with Aetna, but that deal is just one element of CVS' effort to push beyond the traditional role of a pharmacy.