Finances: Page 116
-
Tenet to assume majority ownership of Carondelet
Current owner Ascension will maintain a minority stake, as will nonprofit Dignity Health.
By Katie Bo Williams • July 16, 2015 -
McCullough-Hyde Hospital/TriHealth investing $22M for upgrades
Part of that investment is almost $10 million used to implement Epic.
By Nina Flanagan • July 16, 2015 -
Maine hospital files bankruptcy amid $13M claim
Maine's Parkview Adventist Medical Center is the seventh U.S. hospital to file for bankruptcy this year.
By Nina Flanagan • July 16, 2015 -
Healthcare stocks soar in the wake of King v. Burwell
A decrease in uncompensated care has renewed investor confidence. What will the future hold?
By Julie Henry • July 15, 2015 -
Mega-merger creates largest hospital system in NJ
Barnabas Health and Robert Wood Johnson Health System have officially tied the knot. What other acquisitions are in the pipeline in New Jersey?
By Julie Henry • July 15, 2015 -
Cleveland Clinic Innovations exec departs amid FBI investigation
The agency says Gary Fingerhut violated the health system's financial policies.
By Julie Henry • July 13, 2015 -
Healthcare spending on kids outpacing general population
Costs for newborn babies, particularly, are driving the increase.
By Heather Caspi • July 10, 2015 -
Cerner lands $16.3M lab software deal with US Army—but still vying for big DOD contract
The white whale is still out there.
By Nina Flanagan • July 9, 2015 -
Device makers offer enhanced guarantees to hospitals
Johnson & Johnson, Medtronic and St. Jude Medical are a few of the first to provide new device guarantees.
By Nina Flanagan • July 9, 2015 -
Ardent hospital operations change hands
"With Ardent, we are well positioned to grow in the large, fragmented and rapidly consolidating $1-trillion domestic hospital segment," said Ventas CEO Debra Cafaro.
By Katie Bo Williams • July 8, 2015 -
Accretive CEO tops $20.6M during first year
Compensation for the troubled company's CEO is primarily tied to performance.
By Nina Flanagan • July 8, 2015 -
Healthcare jobs surge continues with 40,000 new jobs in June
Ambulatory healthcare jobs experienced the largest increase—but outpatient care centers lagged.
By Isabella Alvarez • July 6, 2015 -
Partners on the hunt for international contracts
Partners is "running out of growth opportunities in Boston," says one analyst. What kinds of deals are already underway abroad?
By Katie Bo Williams • July 6, 2015 -
Baystate completes purchase of Noble Hospital
The hospital also announced who will assume duties of president and CEO at the new Baystate Noble Hospital.
By Katie Bo Williams • July 6, 2015 -
Judge upholds $237M Tuomey judgment, may set 'troubling' precedent for hospitals
"It seems as if, even for well-intentioned providers, the Stark law has become a booby trap rigged with strict liability and potentially ruinous exposure."
By Katie Bo Williams • July 6, 2015 -
Deep Dive
Judge calls nonprofits 'legal fictions,' revokes hospital property tax exemption
Morristown Medical Center must pay back property taxes for a period covering three years. Are other New Jersey nonprofits next?
By Julie Henry • July 2, 2015 -
Acadia expands presence in PA and abroad
"We are pleased to begin the second half of 2015 with the completion of two acquisitions that position Acadia well in growth markets," said CEO Joey Jacobs.
By Nina Flanagan • July 2, 2015 -
Partners to close community hospital as part of $200M consolidation
The company expects the consolidation to save up to $18 million a year.
By Nina Flanagan • July 2, 2015 -
Texas hospitals turn to courts to settle $90M debt
Talks have broken down between El Paso Children's Hospital and University Medical Center. UMC claims EPCH owes it $33,000 more every day.
By Nina Flanagan • July 2, 2015 -
Capella Healthcare purchases two Ascension hospitals
A hospital spokesperson said Ascension is moving towards "regional clinically integrated systems of care" and the two facilities were no longer a fit.
By Nina Flanagan • July 2, 2015 -
LA-based Prospect Medical Holdings expands to Connecticut
The for-profit hospital operator has announced the acquisition of two CT hospitals and is in negotiations with a third.
By Julie Henry , Nina Flanagan • July 2, 2015 -
Landmark acquires $72M from GE for new Jacksonville medical complex
The complex is already fully leased and will include an outpatient care center and medical offices.
By Julie Henry • July 1, 2015 -
Aggressive growth strategy drives losses at Catholic Health Initiatives
Two recent acquisitions continue to operate at a deficit and push up operating expenses. Will the company's bet on consolidation pay off?
By Katie Bo Williams • June 30, 2015 -
EmblemHealth's largest subsidiary receives credit rating drop
The insurer lost $40 million in the first quarter of 2015—a few months before former AHIP CEO Karen Ignagni is set to take the reins.
By Julie Henry • June 30, 2015 -
Princeton seeking potential merger, partnership
The type of partnership is still under consideration. Did other big state mergers have an impact on the decision?
By Julie Henry • June 30, 2015