Sector Update: Healthcare

MT Newswires Live10-06 21:05

Healthcare stocks were steady to higher premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) unchanged.

McKesson (MCK) and CD&R have entered into a definitive agreement to acquire Option Care Health (OPCH) for $32.05 per share, reflecting a total enterprise value of about $5.8 billion, the companies said. Shares of Option Care Health were nearly 33% higher pre-bell.

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