By Barbara Benson, Crain's New York Business | December 03, 2012
Crushed by long-term debt and expenses that far outstrip revenue, Interfaith Medical Center will file for bankruptcy this week, making the Brooklyn facility the 11th city hospital or health system since 2005 to go belly up. FULL STORY »
Moody's Investors Service lowered West Penn Allegheny Health System's credit rating by three notches to Ca, or “highly speculative,” from Caa1. FULL STORY »
Operating losses more than doubled last year for West Penn Allegheny Health System, a distressed Pittsburgh hospital system that last month abruptly said it would break off a planned acquisition by insurer Highmark. FULL STORY »
Fitch Ratings lowered its already low rating for West Penn Allegheny Health System to CCC from B+, a multi-notch drop, as the chance of debt restricting grows and an acquisition by Highmark looks less certain. FULL STORY »
New court records in the disputed breakup of West Penn Allegheny Health System and Highmark suggest that the system's continued financial distress left the insurer with a nagging sense of buyer's remorse. FULL STORY »
Highmark asked a Pennsylvania judge to prevent its breakup with West Penn Allegheny Health System and stop the Pittsburgh health system from talking to anyone else. FULL STORY »
By Melanie Evans | September 29, 2012
| Print Magazine
West Penn Allegheny Health System abruptly broke off its courtship with insurer Highmark, apparently spiking a high-profile deal in the works since June 2011. FULL STORY »
Prime Healthcare Services, Ontario, Calif., has entered into a deal to purchase Lower Bucks Hospital, Bristol, Pa., for undisclosed terms. FULL STORY »
The Queen's Health Systems, Honolulu, has agreed to acquire Hawaii Medical Center West from St. Francis Healthcare System of Hawaii and to reopen the hospital by fall 2013, according to a news release. FULL STORY »
Both hospitals that make up St. Catherine Healthcare, Ashland, Pa., have now filed for Chapter 11 bankruptcy protection, as St. Catherine Regional Hospital of Indiana filed its papers earlier this week. FULL STORY »
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