M&A Surge Throws Health Care Pension Plans off Investment Game
As mergers sweep the U.S. health care industry, retirement sponsors grappling with integration are looking to the corporate world for a way forward.
Bailey McCann
December 17, 2025
A pedestrian walks past Pfizer Inc. headquarters in New York, U.S., on Monday, Nov. 23, 2015. Pfizer Inc. and Allergan Plc agreed to combine in a record $160 billion deal, creating a drugmaking behemoth called Pfizer Plc with products from Viagra to Botox and a low-cost tax base. Photographer: Michael Nagle/Bloomberg
Michael Nagle/Bloomberg
