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Pfizer to pay $491M to resolve drug marketing case
By Linda A. Johnson / Associated Press | July 30, 2013
Pfizer and the Justice Department say the drugmaker will pay almost $491 million to resolve an investigation into illegal marketing of the company's organ transplant drug Rapamune.
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Northwestern to pay nearly $3 million to settle claims against cancer researcher
By Joe Carlson | July 30, 2013 | Basic Web Basic Web Subscription Details
Northwestern University has agreed to pay nearly $3 million to settle a whistle-blower's allegations that a cancer researcher formerly at the school was misusing federal grant money.
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Community Health Systems to buy HMA
By Beth Kutscher | July 30, 2013 | Basic Web Basic Web Subscription Details
Community Health Systems has reached an agreement to pay $3.9 billion to buy Health Management Associates.
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HCA CEO Bracken to step down
By Beth Kutscher | July 29, 2013 | Basic Web Basic Web Subscription Details
HCA, Nashville, the country's largest hospital chain by revenue and hospital count, will undergo a leadership change at the end of the year, when CEO Richard Bracken steps down.
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Pfizer to split generic, branded drug units
By Reuters via Yahoo | July 29, 2013
Pfizer, in what could be the prelude to spinning off its generic drug business, said it plans to separate its commercial operations into two units, mainly for patent-protected brands and a third for generics.
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Insurers, hospitals could take hit from Detroit bankruptcy
By Jay Greene, Crain's Detroit Business | July 29, 2013
Healthcare insurers and hospitals under contracts or that provide services to city of Detroit employees and retirees could be on the hook for unpaid bills depending on how the city's bankruptcy proceedings go.
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Perrigo to buy Elan for $8.6B, seeks tax savings
By Shawn Pogatchnik / Associated Press | July 29, 2013
U.S. drugmaker Perrigo agreed Monday to buy Ireland's Elan for $8.6 billion in a deal that should allow the rapidly growing company to reduce its tax bill and boost its royalty stream.
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Ex-LSU hospitals' employees can re-apply for jobs next week
By Associated Press | July 28, 2013
More than 2,300 employees at LSU hospitals in Shreveport and Monroe can start applying for jobs with the hospitals' new operator starting Aug. 5.
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N.Y. hospitals detail flood-proofing measures
By Gale Scott, Crain's New York Business | July 26, 2013
A state health committee examining the impact of floods on New York hospitals learned an important lesson Thursday: Flood-mitigation measures can work.
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Feds charge hedge fund SAC Capital in N.Y. case
By Tom Hays / Associated Press | July 25, 2013
The hedge fund operated by embattled billionaire Steven A. Cohen made hundreds of millions of dollars illegally and allowed unprecedented and pervasive insider trading to go unchecked for years, federal prosecutors said in an indictment unsealed Thursday.
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