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CHS sells four rural hospitals in debt-reduction effort

CHS sells four rural hospitals in debt-reduction effort

By Dave Barkholz  |  September 29, 2016

Not-for-profit Curae Health is buying four CHS hospitals: Merit Health Gilmore Memorial in Amory, Miss., Merit Health Batesville in Miss., Merit Health Northwest Mississippi in Clarksdale, and Highlands Regional Medical Center in Sebring, Fla.

Ascension's giant footprint continues to expand

By Bob Herman  |  September 17, 2016

The system's $753 million operating surplus came from $21.9 billion in revenue in its most recent fiscal year, which ended June 30, resulting in a 3.4% operating margin, according to Ascension's financial documents filed with bondholders last week. The operating margin was almost identical to what...

DOJ requests additional information on McKesson-Change merger

By Adam Rubenfire  |  September 06, 2016

The Department of Justice has asked for additional information from drug distributor McKesson Corp. and tech firm Change Healthcare regarding the companies' proposed merger, both firms said Tuesday.

Cigna's Medicare problems won't be fixed by annual enrollment

By Bob Herman  |  September 06, 2016

Cigna has spent the past eight months attempting to resolve the major problems found in its Medicare Advantage plans, but the health insurer does not expect those issues will be rectified by the time Medicare beneficiaries participate in annual enrollment this autumn.

Growth in healthcare hiring slows in August

By Modern Healthcare  |  September 03, 2016

The sector added 14,400 jobs in August, much less than the average 39,000 jobs added every month for the past 12 months, according to preliminary figures from the Bureau of Labor Statistics.

Mercy Health's surplus falls in aftermath of insurance exit

By Bob Herman  |  August 27, 2016

The operating margin at Mercy Health, the largest health system in Ohio, fell to a slim 0.9% in the first half of this year. Higher labor expenses and the residual effects from a divested insurer hurt the not-for-profit system.

Premier Q4 profits decline amid workforce shake-up

By Adam Rubenfire  |  August 24, 2016

Healthcare group purchasing and services company Premier reported a slight decrease in fourth-quarter profit due to severance-related costs in its data software and consulting division.

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