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News
M-Modal exits bankruptcy
By Joseph Conn | August 01, 2014 | Basic Web Basic Web Subscription Details
M-Modal, a provider of transcription, speech recognition and natural-language processing technology and services, has completed its financial restructuring and emerged from Chapter 11 bankruptcy protection, the company announced.
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News
CHS sees strong quarter thanks to HMA purchase, fewer uninsured patients
By John N. Frank | July 31, 2014 | Basic Web Basic Web Subscription Details
Community Health Systems reported strong results in the second quarter thanks to its acquisition of Health Management Associates in January and to the end of abnormal winter weather patterns that had hurt admissions in the first quarter of the year, the Franklin, Tenn.-based provider reported...
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News
M-Modal expects to emerge from bankruptcy in coming weeks
By John N. Frank | July 23, 2014 | Basic Web Basic Web Subscription Details
Franklin, Tenn.-based medical transcription technology company M-Modal says it expects to emerge from bankruptcy in the next three weeks. M-Modal filed for bankruptcy protection in March, less than two years after it was acquired for a reported $1.1 billion by an investment unit linked to JP Morgan...
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News
CHS in lead position to buy bankrupt Mississippi hospital
By Bob Herman | July 14, 2014 | Basic Web Basic Web Subscription Details
Community Health Systems is at the front of the line to acquire Natchez (Miss.) Regional Medical Center, a 155-bed, county-owned hospital that filed for bankruptcy this year.
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News
Prime Healthcare enters Michigan, looks to Jersey next
By Bob Herman | July 03, 2014 | Basic Web Basic Web Subscription Details
Prime Healthcare Services has closed on its acquisition of Garden City (Mich.) Hospital, its first facility in Michigan. The deal marks another step eastward for the Ontario, Calif.-based for-profit hospital operator. Several hospitals in New Jersey are on the brink of joining Prime as well.
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News
Montefiore scoops up NewYork-Presbyterian affiliate
By Bob Herman | July 01, 2014 | Basic Web Basic Web Subscription Details
Montefiore Health System, New York, has signed a letter of intent to absorb a hospital that is an affiliate of one of Montefiore's competitors, NewYork-Presbyterian Healthcare System.
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Magazine
Provider debt levels up due to low rates, looser conditions
By Beth Kutscher | May 17, 2014 | Print Magazine Print Magazine Subscription Details
Healthcare providers looking to issue new debt are finding it's never been cheaper or less restrictive to do so.
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Information
Settlement seeks $100M fund for meningitis victims
By Associated Press | May 07, 2014
A settlement filed with a federal bankruptcy judge in Boston would create a fund of more than $100 million to compensate victims of a nationwide meningitis outbreak linked to a Massachusetts compounding pharmacy, lawyers said Tuesday.
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Information
Turnaround expert takes on Cover Oregon challenge
By Associated Press | April 12, 2014
The task of getting Oregon's troubled health insurance exchange back on track is now in the hands of a Portland, Ore., consulting firm that specializes in turning around struggling businesses.
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News
Fitch Ratings sees ICD-10 delay as positive for not-for-profits
By Joseph Conn | April 07, 2014 | Basic Web Basic Web Subscription Details
The controversial delay in the rollout of the ICD-10 diagnostic and procedural codes is a positive for not-for-profit hospitals' bottom lines, a New York financial ratings agency says.
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