New Walgreen holding company to be incorporated in Delaware
Walgreens is not headed to Europe. But it is going to Delaware. The nation's largest drugstore chain, following in the footsteps of more than half of the nation's publicly traded...
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115,000 to lose health insurance on missed Obamacare deadline
About 115,000 people, including 4,000 in Illinois, will lose their health insurance at the end of the month because they missed a deadline to prove they are legally in the...
U. of I. nurses extend contract to continue talks on new pact
The University of Illinois Hospital and its unionized nurses have agreed to extend their labor contract for a second time in as many months because the two sides have been...
Advocate Health Care and NorthShore to merge
Two of Chicago's largest hospital systems on Thursday approved plans to combine, creating a 16-hospital, $6.8 billion system that promises to change the competitive landscape of health care in the...
Abbott plans $3 billion share buyback
Abbott Laboratories on Thursday authorized a $3 billion share buyback plan aimed at boosting returns for shareholders. The Lake County based health care company, which in the past has been...
Baxter spinoff gets a name: Baxalta
The biopharmaceutical company that is expected to spin off from Baxter International in mid-2015 now has a name: Baxalta Inc. The name is a combination of Baxter and "alta," a...
AbbVie sued by FTC for paying to delay generic drug
The Federal Trade Commission has filed suit against North Chicago-based AbbVie and a partner, alleging the companies illegally blocked consumer access to generic versions of the testosterone replacement drug AndroGel...
Illinois hospitals fined $16.3 million for unnecessary readmissions
Illinois will collect $16.3 million from 82 hospitals that had higher-than-acceptable numbers of unnecessary hospital readmissions, the state said Friday. The penalties, devised to encourage hospitals to reduce preventable hospital...
Illinois small businesses to get jump on Obamacare exchange
Illinois is one of five states where small businesses will get an early start in evaluating 2015 health insurance plans as part of an effort by the federal government to...
AbbVie partners with Google to develop new drugs for aging
A startup backed by Google, the Silicon Valley powerhouse whose innovations range from its eponymous search engine to self-driving cars, is teaming up with a North Chicago drug company to...