In Q3 2024, biopharma M&A activity remained robust, highlighted by Lilly's $3.2B acquisition of Morphic and Organon's entry into immune-dermatology with Dermavant. The XBI index gained 7% for the quarter, while follow-on activity slowed, yet capital raised reached $6.7 billion across 24 offerings. Despite a favorable macro environment, large biopharma companies are cautious about mega deals due to impending patent expiries and regulatory uncertainties.
The Global Digital Payment in Healthcare Market, valued at USD 10.4 billion in 2023, is projected to reach USD 21.62 billion by 2029, growing at a CAGR of 12.80%. This growth is driven by the rise of telehealth services, demand for enhanced patient experiences, and the need for regulatory compliance and data security. North America leads the market, supported by advanced technology infrastructure and significant investments in digital payment solutions.
The French government aims to reduce the Social Security deficit to 16 billion euros by 2025, implementing measures such as a 2% revaluation of income tax brackets and a new tax on share buybacks by large corporations. A record 300 billion euros will be raised on the markets to finance spending, while a temporary contribution will target wealthier households. The High Council for Public Finance has deemed the budgetary approach "fragile," suggesting reliance on tax increases rather than expenditure cuts.
UnitedHealth Group reports that as of 2023, 60% of its members are under value-based care arrangements, leading to 12% lower healthcare costs and a 26% reduction in hospital admissions. Key strategies include addressing social determinants of health, promoting preventive care, and leveraging analytics for better patient management. Despite progress, challenges remain, particularly with providers still reliant on fee-for-service models and the need for enhanced technology infrastructure.
Alignment HealthCare is expanding its Medicare Advantage services in Nevada through a partnership with Intermountain Health, effective January 1, 2025. This collaboration will provide Medicare members in Clark and Washoe counties access to over 65 clinic locations, including 35 senior primary care clinics, enhancing healthcare access for the region's growing senior population. Members enrolling during the annual period can access comprehensive care services, including primary, specialty, and urgent care, while benefiting from innovative plans tailored to various health needs.
A paradigm shift in taxation is being called for by the Socialist group, proposing an increase in corporate tax for polluting companies and an additional contribution on large firms' exceptional profits. Meanwhile, the French government plans to reduce Medicare reimbursements, impacting 2.5 million uninsured citizens, as it seeks to address a widening Social Security deficit projected at 18 billion euros for 2024. The upcoming 2025 budget aims for significant savings and tax increases to meet European deficit reduction commitments.
The French government plans a significant budget overhaul to reduce the deficit, targeting 40 billion euros in spending cuts and 20 billion euros in tax increases. Key measures include a surtax on the wealthiest households and higher corporate taxes for large companies, alongside cuts to social security contributions and subsidies. With public debt soaring to 112% of GDP, the aim is to lower the deficit to 5% by 2025 and below 3% by 2029, amid a challenging political landscape.
The Federal Trade Commission has approved a final rule requiring healthcare companies to provide additional information when filing for mergers and acquisitions. This move aims to enhance scrutiny of such proposals in the healthcare sector.
UBS has begun integrating Credit Suisse's operations, successfully transferring initial client funds to its platform. Following tests with several hundred clients in Hong Kong and Singapore, around 1.3 million Credit Suisse clients are set to migrate over the coming quarters, with significant data integration planned. UBS will eliminate 90% of Credit Suisse's applications, having already deactivated 560 and 40,000 servers.
08:56 10.10.2024
Arete Ethik Invest has appointed Martin Künzler as Chief Sales Switzerland to enhance its presence in the Swiss market. Künzler, who previously led the external asset managers team at Thurgauer Kantonalbank, brings valuable experience and a strong network to the role. The firm, focused on ethically sustainable investments for nearly three decades, aims to leverage his expertise for growth.
08:47 10.10.2024
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