The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across
The Depths of Health
A new federal report out this week ranks Texas dead last in the country for health care services and delivery. The Agency for Health Care Research and Quality rated the state “weak” or “very weak” in nine of 12 categories, the Austin American-Statesman reports. The evaluation measured quality of care in categories including obesity rates, infant mortality rates, preventive care, and maternal and child heath care, among others. Home health care was the area with the lowest score, “with the study finding that the state provided little support to the elderly and disabled who chose to live at home,” according to the Statesman.
The Bottom Line: State health officials say Texas’ poor rating is a result of inadequate funding and a large uninsured population. About 25 percent of the state’s residents lack health insurance, more than any other state. To make matters worse, Texas will need to secure “at least $10 billion in new funding” for Medicaid in next year’s legislative session, the Statesman reports.
A Buy Called Quest
Dell Inc. announced this week that it plans to buy California-based Quest Software for $2.4 billion in cash. The president of the Dell’s software division described Quest as “the foundation of our software products going forward,” referring to the company’s new strategy of bolstering its high-end hardware line with software that provides security for cloud computing, the Austin American-Statesman reports. The acquisition is the second-largest in Dell’s history.
The Bottom Line: The deal is a major advancement for Dell’s software sector. The Round Rock company