The acquisition of Medline Industries Inc. that was agreed to over the weekend, the biggest leveraged buyout in more than a decade, serves as the clearest sign yet that the appetite for megadeals is rising as the pandemic eases and private-equity firms look to deploy mountains of cash.
Two universities are eyeing the chance to be the first to build a medical school in one of the few states without one. The jockeying of the two schools to open campuses in Montana — one a nonprofit, the other for-profit — highlights the rapid spread of for-profit medical learning centers despite their once-blemished reputation. What's happening in this Western state triggers questions about how future doctors will be trained in the U.S., how that training will be paid for and whether a rural, sparsely populated state can sustain either a nonprofit or for-profit medical school, let alone both.
Shares of iconic theater chain AMC Entertainment (NYSE:AMC) are up a stunning 530% in the past month alone. Behind the momentum are the 10-million-strong traders/followers/influencers from the legendary WallStreetBets subreddit. There wasn't much news per se that led to yet another short squeeze in the hot turnaround stock. Perhaps investors started to realize that there is a massive backlog of films from blockbuster franchises that are all scheduled to hit the big screen within the next two years.
The Community Foundation of Northwest Indiana Inc. has tapped an internal executive to be its next chief financial officer. The Munster-based organization, parent of Community Healthcare System, announced June 1 that Gregg Ferlin will be promoted to CFO. He has served as the foundation’s vice president of finance the past nine years overseeing strategic financial planning, business development, physician relations and hospital administration.