Issue link: https://beckershealthcare.uberflip.com/i/882819
63 HEALTHCARE NEWS Bloomberg: UnitedHealth to Acquire Advisory Board's Healthcare Arm By Morgan Haefner M innetonka, Minn.-based UnitedHealth Group plans to acquire e Advisory Board's healthcare division, sources familiar with the matter told Bloomberg. Here are five things to know. 1. No deal has been inked. A formal announcement may not arrive for a month due to the deal's complexity, the sources said, who asked for anonymity because discussions remain private. 2. e Advisory Board's shares climbed as much as 14 percent ursday, reaching their greatest value in two years. As of 3:51 p.m. July 6, the stock was up 4.8 percent to $54.75, making the Board's market value $2.2 billion. 3. Sales from e Advisory Board's healthcare arm fell 6.6 percent in the company's first quarter, the report states. e business provides consulting and research proj- ects spanning bill collection, patient care improvements and provider strategy. 4. Spokespeople from e Advisory Board and UnitedHealth declined Bloomberg's request for comment. 5. UnitedHealth has recently been growing its technology, consulting and health- care delivery subsidiary Optum. Deerfield, Ill.-based Surgical Care Affiliates and Optum declared their merger earlier this year. n Former South Dakota Hospital CEO Indicted for Making False Statement to HHS By Ayla Ellison T he former CEO of Pine Ridge (S.D.) Indian Health Service Hospital has been indicted on charges of making a false statement to HHS, according to the Argus Leader. Wehnona Stabler, who served as Pine Ridge's CEO from 2011 to 2013, said she had not received a gift of more than $350 from any one source, ac- cording to a report submitted to HHS in January 2014. However, prior to making the disclosure, Ms. Stabler accepted $5,000 from Stanley Patrick Weber, MD, according to the indictment. Dr. Weber, a former pediatrician at Pine Ridge, is facing 10 counts of sexual abuse. He was arrested in February and accused of sexually abusing chil- dren he treated at the hospital from 1998 to 2011. He has pleaded not guilty in the case, according to the report. n