Decade in Review: Hospital M&A Continues Recent Rebound
NORWALK, Conn.--(BUSINESS WIRE)-- Forty-eight hospital mergers and acquisitions transactions were announced during just the second half of 2010, which represents 62% of the 77 deals announced in the
Book illustrates Bank of America's creepy culture
When Bank of America (NYSE: BAC) bought Merrill Lynch, everyone expected a culture clash. The conventional view stereotyped Merrill Lynch as a hard-charging, classically Wall Street firm and Bank of
Citigroup, Terra Firma trial set for next month
The relationship between private equity firms and their investment banks can turn testy for a lot of reasons. The big private equity funds have all considered starting up their own banking
Cerberus founder now top gun magnate
The most powerful person in the gun industry is none other than Stephen Feinberg (Stephen Feinberg news), founder of Cerberus (Cerberus news), the alternative investment fund. Cerberus has invested
Cerberus to buy DynCorp; UBS reports profit;
Cerberus aims to raise more funds
Cerberus has struggled mightily with its ill-fated investments in Chrysler and GMAC. As investors rushed to the exits (or tried to), Stephen Feinberg has certainly taken some PR lumps. But the news
Rumors abound about Cerberus
There has been chatter about another major hedge fund experiencing lots of trouble. Some thought a fund default might be likely. Cerberus cropped up in all the talk. Company officials tried to douse
Big damage to Cerberus' reputation?
Cerberus' attempt to fix Chrysler has been a notorious failure. That's hardly a secret. What is new is Cerberus' chief's defense of his record. Stephen Feinberg tells the New York Times that he's now
Cerberus faces its future
Is this the beginning of the end for Cerberus? It's hardly a surprise that limited partners are gravely concerned. The list of blown-up portfolio investments does not stop with Chrysler and GMAC.
Big discounts for private equity stakes
The private equity fund secondary market has been active as of late. Unfortunately, a bear market has set in for stakes in many funds. In some cases, stakes have traded for as little as 30 cents on
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