Walgreens Boots Alliance closes healthcare businesses divesting with AmerisourceBergen Walgreens Boots Alliance(NASDAQ:WBA)closed the saleof its Alliance Healthcare businesses to AmerisourceBergen(NYSE:ABC)for ~$6.5B, consisting of $6.275B in cash (subject to a customary net cash and working capital adjustment) and 2M shares of AmerisourceBergen. Cash proceeds will be used to reduce debt and accelerate growth of its core retail pharmacy and healthcare businesses. The company has used partial funds to repay the outstanding amount owed on a $3.8B term loan that funded the bond tender completed by the company on Apr. 26, 2021; thereby eliminating $3.3B in debt from the company’s balance sheet. Remaining net cash proceeds are planned to be invested in strategic opportunities and to expand healthcare offerings and fuel company’s growth strategy. "Completion of this transaction represents a significant step forward in our transformation and will fuel investments to grow WBA's core retail pharmacy and healthcare businesses," CEO Rosalind Brewer commented. WBA and AmerisourceBergen will also execute on the expansion and extension of commercial agreements for driving incremental growth and synergies.
Embrair ($ERJ) was up yesterday, they inked a deal with some electric urban mobility company, Halo I think it was. Buying 200 e-helos.
Well give them credit, 15 seconds in a Black guy gets off the helicopter and doesn't look like he's in the wrong terminal.
So Van Embrair makes planes right? Thismight be a nice recovery play as Boeing keeps stubbing their toes..... Have you heard of Breeze airlines?
Butterfly Network second-generation iQ+ approved in Canada 09:20 BFLY Butterfly Network announced that its second-generation iQ+ has been approved for a Class III Medical Device License in Canada. The iQ+ features the world's only Ultrasound-on-Chip technology, with several hardware and software advances designed to improve usability and care delivery. "We are excited that the Butterfly iQ+ will now be available for purchase by Canadian medical professionals," said Todd Fruchterman, MD, Ph.D., President and Chief Executive Officer of Butterfly Network. "Thousands of new practitioners and millions of patients will now have access to a transformative advanced assessment tool that can deliver valuable insights that enable more informed clinical decisions at the point of care." With Canada's approval, Butterfly iQ+ is now available in 20 countries across the world. I have such mixed feelings with this company. On the one hand it's way too much information and you cannot give people the ability to read their lung function without freaking them out!!!! However think of the potential in rural far flung areas and poorer countries and all those parts of the world where a cell phone analysis would really come in handy... In the end this is breakthrough tech that can be enabled to track Covid problems as well....