Global Glance: UnitedHealth buying Surgical Care Affiliates; Carmakers come together for Detroit Auto Show

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Here are today’s top business headlines from across the nation and world:

UnitedHealth buying Surgical Care Affiliates for $2.3 billion

NEW YORK (AP) — UnitedHealth Group is buying surgical center operator Surgical Care Affiliates for about $2.3 billion in a cash-and-stock deal that will add to its outpatient holdings. The Minnetonka, Minnesota-based health insurer will add Deerfield, Illinois-based Surgical Care to its Optum health services unit, which has 20,000 affiliated physicians and hundreds of facilities. Surgical Care operates 205 surgical facilities and partners with about 3,000 physicians. Read more

Detroit Auto Show: Google, Camry and the shadow of Trump

DETROIT (AP) — Fresh off a record year for U.S. auto sales, carmakers meet in Detroit this week to show buyers what’s coming next – and ponder their own future under a Trump administration. More than 40 new vehicles will debut at the North American International Auto Show, which is one of the largest shows in the U.S. After record sales of 17.55 million in 2016, U.S. sales of new cars and trucks are expected to cool off a little this year, but demand remains strong. Even if they can count on U.S. buyers, automakers aren’t sure what to make of President-elect Donald Trump. Read more

Mars buying pet health care company VCA in $7.7 billion deal

NEW YORK (AP) — Mars is buying the pet health care company VCA in a deal valued at around $7.7 billion. Mars will pay $93 for each share of VCA Inc. That’s a 31 percent premium to the Los Angeles company’s Friday closing price of $70.77. VCA has nearly 800 animal hospitals and 60 diagnostic laboratories in the U.S. and Canada. Read more

McDonald’s sells China business in deal worth up to $2.1 billion

HONG KONG (AP) — Fast-food giant McDonald’s is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. The transaction is part of a global business overhaul being carried out by the American company to keep up with changing tastes that have resulted in declining sales. Under the terms of the deal, Citic Ltd. and its investment management unit Citic Capital will acquire 52 percent of the business while another partner, Washington-based private equity firm The Carlyle Group, will own 28 percent. McDonald’s will retain a 20 percent stake. Read more

Chevy Bolt gets top car award; Honda Ridgeline top truck

DETROIT (AP) — The Chevy Bolt has been named top car in North America, an important milestone for a car General Motors hopes will finally get Americans hooked on electric vehicles. The Honda Ridgeline grabbed the honor for top truck. Utility vehicles were honored separately for the first time, with the Pacifica minivan from Fiat Chrysler snagging that award. The honors were announced Monday morning at Detroit’s Cobo Center as the North American International Auto Show’s press preview days kick into high gear. Read more

Despite redesign, Camry’s reign as top US car in jeopardy

DETROIT (AP) — America’s favorite car is under attack. The Toyota Camry has been the nation’s top-selling vehicle for 15 years, if you exclude pickup trucks. Now it’s in danger of losing its crown, a potential victim of the SUV craze. And even a much-anticipated revamp to be unveiled Monday may not be enough to keep the competition at bay. Toyota’s own RAV4 small SUV and Honda’s CR-V have racked up impressive sales gains as buyers shift away from passenger cars toward the higher-sitting and more versatile SUVs. The CR-V, for instance, outsold the Camry an uncharacteristic five months last year. Read more


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