01:57 PM EST, 01/06/2025 (MT Newswires) -- Health care stocks were higher Monday afternoon, with the NYSE Health Care Index up 0.2% and the Health Care Select Sector SPDR Fund (XLV) advancing 0.3%.

The iShares Biotechnology ETF (IBB) added 0.6%.

In corporate news, Revance Therapeutics ( RVNC ) shares jumped nearly 15%. The company has received a new buyout proposal from Swiss medical aesthetics firm Teoxane Laboratories, offering $3.60 per share in cash, topping a prior bid from Crown Laboratories of $3.10 per share.

Regional Health Properties ( RHE/PA ) and SunLink Health Systems ( SSY ) have agreed to merge in an all-stock deal. Regional Health shares soared 130% and SunLink surged 19%.

Castle Biosciences ( CSTL ) shares rose 5%. The company received approval from the New York State Department of Health for its TissueCypher test, a tool designed to assess the risk of progression from Barrett's esophagus to esophageal cancer.