U.S. healthcare plan and pharmacy benefits manager Magellan Health will explore selling itself after coming under pressure to do so from activist hedge fund Starboard Value LP, people familiar with the matter said on Wednesday.
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Starboard Value has 1 million-share stake in Bristol-Myers Squibb, has met with managementBristol-Myers Squibb confirms Starboard's stake in the company and says the $74 billion deal to acquire cancer drugmaker Celgene is 'on track' to close during the third quarter.
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Analysis | The Health 202: Detained migrants could now end up with better health careAnalysis: Detained migrants could now end up with better health care
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