Under a new agreement between HCR ManorCare and its real estate investment trust landlord, Quality Care Properties, HCR filed for Chapter 11 bankruptcy protection, and the ownership and operations of its businesses will shift to QCP.
Healthcare providers shouldn't let the good news on shrinking bad debt distract them from dealing with one of the more pressing financial issues facing the industry—helping people saddled with unmanageable bills.
Scott Flanders, 59, is the new CEO of eHealth, a private health insurance exchange based in Mountain View, Calif. The company, which had $190 million in revenue last year, serves as an online broker to help people sign up for individual-market and Medicare plans.
Powell Valley Healthcare's board of directors approved filing for Chapter 11 bankruptcy protection Monday. The board said in a statement the lawsuits from former patients of Dr. Jeffrey Hansen are the only reason for the decision.
After months of uncertainty surrounding Health Republic Insurance of New York's liquidation process, new court documents released April 22 provide clarity on what creditors can expect to receive. That is a welcome development for doctors and other providers who say are owed more than $200 million.
Doctors Hospital of Michigan is still open for business and expected to emerge from bankruptcy under new ownership—and it's newly renamed to an old name: Pontiac General Hospital.
The trustee in charge of the bankrupt telemedicine company “is accepting offers to purchase the assets of HealthSpot Inc.,” according to a news release issued by the trustee, Myron Terlecky, a Columbus lawyer.
The co-founders of a Hixson, Tenn., nursing home business paid themselves six-figure salaries and drove company-financed Porsches while failing to pay employees, utility bills, taxes and creditors.
KaloBios, the troubled drugmaker taken over by Martin Shkreli last month, is seeking bankruptcy protection less than two weeks after his arrest for securities fraud.
Foundation HealthCare, a for-profit surgical hospital company, will acquire a Houston hospital from University General Health System, which entered Chapter 11 bankruptcy in February.
St. Michael's Medical Center in Newark, N.J., has backed a bid from Prime Healthcare Services to be bought out of bankruptcy from its current owner, Trinity Health.
Phoenix-based Banner Health issued new bonds last week to refinance older debt, including the short-term loans it used to fund two recent acquisitions.