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Spectrum, Lakeland Health complete merger

Spectrum, Lakeland Health complete merger

By Jay Greene  |  October 02, 2018

Grand Rapids-based Spectrum Health, one of Michigan's largest not-for-profit health systems, and Lakeland Health, a three-hospital system based in St. Joseph, signed final merger agreement documents Monday.

Ascension enters final stage of systemwide rebranding

Ascension enters final stage of systemwide rebranding

By Alex Kacik  |  October 02, 2018

The last four markets to adopt the Ascension brand have about 100 care-delivery sites, as Baltimore's Ascension St. Agnes, Indiana's Ascension St. Vincent, Oklahoma's Ascension St. John and Ascension St. Thomas in Tennessee add Ascension to their names.

Data Points: Hospitals re-balancing investment portfolios

Data Points: Hospitals re-balancing investment portfolios

By Modern Healthcare  |  September 29, 2018

Investment returns last year were the best since 2013 for the not-for-profit healthcare organizations participating in a survey released by the Commonfund Institute. But, the report says, reallocation of assets into more fixed-income investments may slow returns in the future.

Mercy Health and Bon Secours complete merger

Mercy Health and Bon Secours complete merger

By Alex Kacik  |  September 05, 2018

The combined system has 43 hospitals, $8 billion in net operating revenue and more than 57,000 employees, including a new leadership team.

Mississippi hospitals and owner seek bankruptcy, to be sold

Mississippi hospitals and owner seek bankruptcy, to be sold

By Associated Press  |  August 29, 2018

Knoxville, Tenn.-based Curae Health filed for Chapter 11 bankruptcy reorganization, citing declining revenue and higher-than-expected costs for electronic health records. It will keep operating three Mississippi hospitals until it can sell them.

Kaiser sees 47% drop in Q2 operating income

Kaiser sees 47% drop in Q2 operating income

By Tara Bannow  |  August 03, 2018

Oakland, Calif.-based Kaiser Permanente saw a 47% drop in operating income in the second quarter of 2018 compared with the prior-year period, despite reporting higher revenue.

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