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UpHealth to Sell Innovations Group for $56M, Focusing on Core Offerings and Debt Reduction

[vc_row][vc_column][vc_column_text]UpHealth (NYSE:UPH) announced recently that it has reached a deal to sell Innovations Group to Belmar Pharma Solutions for approximately $56 million. The news has sent UpHealth\’s stock soaring by 11% premarket on Monday. The acquisition covers Innovations Group\’s compounding pharmacy subsidiary, MedQuest Pharmacy, and marks a significant milestone in UpHealth\’s strategy to integrate its […]

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Roku Shares Slip After Disclosing 26% of Cash Held at Failed Silicon Valley Bank

[vc_row][vc_column][vc_column_text]Roku Inc. (NASDAQ:ROKU) announced on Thursday that it had held approximately 26% of its cash and equivalents at Silicon Valley Bank (SVB), which failed and was closed down by California last Friday. Following this disclosure, Roku\’s shares slipped by 3.5% in after-hours trading. Of its total cash and equivalents of $1.9 billion, Roku held $487

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Walgreens\’ $54M Contract with California to be Canceled Over Abortion Pill Access

[vc_row][vc_column][vc_column_text]Walgreens Boots Alliance (NASDAQ: WBA) is set to lose a $54M contract with California following the company\’s decision not to sell abortion pills in certain states. The contract, which provides specialty prescription drugs primarily to the California Department of Corrections and Rehabilitation and its correctional healthcare system, is set to expire on April 30. In

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