For the first time ever, the six most valuable companies in the world, by market cap, were all technology companies.
HOFFMAN ESTATES, IL – PCE Investment Bankers, a leading financial services firm for mid-market companies, is pleased to announce that the shareholders of Level 10 have completed the sale of their stock to the Level 10 Employee Stock Ownership Plan (ESOP) Trust. PCE offers clients a full range of investment banking, ESOP, valuation, and advisory services.
The long-awaited opinion issued in late June by the U.S. Supreme Court clarified the constitutionality of the Patient Protection and Affordable Care Act of 2010 (“PPACA”). The Court ruled that the requirement that every American carry health insurance is a tax and as a result, is constitutional. The ruling permits the federal government to pursue a broad expansion of the Medicaid health program for the poor.
Summertime typically signals a slow down for mergers and acquisition activity, especially for technology-based businesses. The Nasdaq’s lackluster performance during summer indicates investors tend to ignore this sector in anticipation of the latest technology gadget or new game-changing systems that normally are unveiled as autumn approaches. However, recent M&A activity impacting information technology (IT) companies servicing the healthcare industry has been far from stagnant.
Florida’s commitment to forming a biotechnology cluster within the state will have significant impact on both the healthcare industry and Florida’s overall economy during the next 10 to 15 years. During the last four years, the state has earmarked nearly $700 million in incentive plans to help attract two of the largest biotechnology research institutes in the world, the Scripps Research Institute and the Burnham Institute.