Health Care Flat as Deal Activity Continues -- Health Care Roundup

12/19/17 05:01 PM EST

Shares of health-care companies were more or less flat as deal activity continued. Shares of hospice and nursing concern Kindred Healthcare agreed to a buyout from insurance giant Humana and two private-equity firms in a deal worth $9 a share, or about $783.2 million. Hospital chain Tenet Healthcare said it was exploring the sale of its Conifer Health Solutions unit. The latest deals cap a highly active year for mergers in the sector, including CVS Holdings' agreement to buy health insurer Aetna.

 

-Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

December 19, 2017 17:01 ET (22:01 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.