FierceHealthcareFierceHealthITFierceHealthFinanceFierceEMRHospital ImpactFierceMobileHealthcare   FierceCompliance IT

SPOTLIGHT: Bear deal gives JPMorgan big healthcare stake

Tools
Tags
Healthcare Business
acquisition
JP Morgan
Bear Stearns


If JPMorgan manages to close its bargain-basement rate acquisition of Bear Stearns, JP Morgan will be picking up a big piece of healthcare business. The question is, what to do with it? Bear Stearns has a meaningful healthcare group in place within its investment banking unit, but it comes with some baggage. This includes a recent whistle-blower lawsuit filed by execs at an Illinois hospital who claimed that a Bear exec tried to force them to use both Bear and a particular construction company when looking for CON approval. Makes one wonder how well the rumored "cowboy" culture at Bear will mix with JPMorgan's folks. Article

Bookmark and Share
Get Your FREE FierceHealthFinance Email Newsletter:
Be the first to comment

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

To combat spam, please enter the code in the image.