HEALTHCARE

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Gentiva to buy Odyssey HealthCare for about $1 billion

Gentiva Health Services Inc agreed to buy Odyssey HealthCare Inc in a $1 billion cash deal, which could make it one of the top players in the U.S. home and hospice care market and spark more consolidation in the space.

Quality of nursing homes falls

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Three out of four nursing homes admit that they cannot provide residents the quality of care and services required by law, based on the current public funding levels.
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Healthcare reform may not be toxic to drugmakers

(Reuters) - U.S. healthcare reform spawned a wave of lowered profit forecasts this week as drugmakers quantified the costs, but the pain should be manageable until the new law starts helping results in 2014.
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Bernanke says prompt action needed on deficit

Federal Reserve Chairman Ben Bernanke said on Tuesday the country's budget deficit is on an unsustainable path and requires near-term action from policymakers to avoid dangerous outcomes.
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Wall Street slips on healthcare, but Apple soars

U.S. stocks slipped on Wednesday as disappointing outlooks from healthcare companies, including Abbott Laboratories , overshadowed stronger-than-expected earnings from Apple Inc and Morgan Stanley .
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Boeing profit beats; outlook cut on healthcare

Boeing Co , the world's second-largest plane maker, reported a higher-than-expected quarterly profit on Wednesday, despite making fewer deliveries as the company held down costs at its commercial airplane division.
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Healthcare stocks drag on Wall Street

U.S. stocks drifted lower on Wednesday on losses by healthcare and energy stocks, offsetting strong gains by blue chips Apple Inc and Morgan Stanley.
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UnitedHealth profit beats but reform cloud lingers

UnitedHealth Group Inc's first-quarter profit soared past Wall Street estimates on strong performance for its array of health plans, but fears that the new reform law will prevent such gains in the future undercut stock gains.
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J&J profit beats forecast, but drug sales slump

Johnson & Johnson on Tuesday reported better-than-expected first-quarter earnings, with strong sales growth of medical devices offsetting revenue declines for its prescription drugs and tepid growth for its array of consumer products.
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Changing old habits could save big on drug costs

(Reuters) - Making simple changes like getting people to take their medicines exactly as directed or to refill their prescriptions on time could save employers and their workers as much as $163 billion a year in healthcare costs, U.S. researchers said on Tuesday.
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Government plans to help the aged with household chores

Old age people are prone to accident risk in their own home. Changes in vision, hearing, muscle strength, co-ordination and reflexes make older people vulnerable to falls; they may fall on a staircase because of poor lighting, sprained their muscles when lifting heavy things or burn themselves while using the kitchen. While these accidents may be small for young people but for the aged, special ai...
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GE profit beats Street view

General Electric Co reported a sharply higher profit than Wall Street had expected and sees potential for upside to its earlier forecast of flat 2010 results.
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Sweden, Canada outrank U.S. on healthcare

(Reuters) - People living in countries with government-run healthcare systems like Sweden and Canada are far more confident than Americans that their families can get good, affordable care, according to a 22-nation survey released on Thursday.

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