Two multi-billion-dollar health systems in Virginia and North Carolina—Sentara Healthcare and Cone Health—announced Wednesday they plan to merge to create a 17-hospital system. The CEOs of both not-for-profit health systems shot down the notion that …
See Original Article

For the third time since last February, Gong has raised a significant sum. In February, the company scored $40 million. In December, it grabbed another $65 million, and today it was $200 million on a $2.2 billion valuation. That’s a total of $305 million in less …
See Original Article

From BP and Centrica, to Unilever and Nestlé, multinationals are accelerating the sale of noncore assets as they look to shore up their balance sheets and pay down debt amid the pandemic. The coronavirus pandemic is forcing companies to reassess their …
See Original Article

The off-price retailer Stein Mart has filed for Chapter 11 bankruptcy protection and plans to shutter most of its stores. Stein Mart operates 281 stores across 30 states in the U.S., according to its website. More than 40 retailers have filed for bankruptcy so far this …
See Original Article

Stocks rose at the start of Wednesday’s trade, a day after the Dow Jones Industrial Average and the S&P 500 halted a win streak at seven sessions, as investors eyed the trajectory of the coronavirus pandemic and stronger-than-expected economic data.
See Original Article