August 21, 2008
Berkshire to buy GE insurer for $825 mln
NEW YORK (Reuters) - A unit of Warren Buffett's Berkshire Hathaway Inc. BRKa.N on Friday agreed to buy General Electric Co.'s GE.N Medical Protective Corp. unit, a malpractice insurer for doctors and dentists, for $825 million, its biggest purchase in nearly two years.
Patel facing malpractice disciplinary action
Former Bundaberg Base Hospital surgeon Dr Jayant Patel is facing disciplinary action for malpractice. Police are trying to extradite Dr Patel from the US for possible manslaughter charges.
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