Nashville-based Ardent Health Services and Plano, Texas-based LHP Hospital Group last week announced they will merge into what would be the second-largest privately owned, for-profit hospital system in the country by revenue. The combined system would have 19 hospitals in six states and $3 billion...
Struggling Community Health Systems has agreed to sell three rural hospitals in Mississippi and one in Florida as part of its plan to pare debt and underperforming hospitals.
Horizon Pharma has settled a lawsuit with prescription benefits manager Express Scripts related to disputed drug rebates.
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.
Community Health Systems CEO Wayne Smith has said he wants to trim the company's hospital holdings to core markets. But the whole company might be up for sale or sold off in big blocks.
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...
Abbott Vascular's Absorb stent is just one of many expensive devices that hospitals champion in pursuit of being known among consumers as offering the most advanced medical technology around.
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 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.
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.
The Pennsylvania Department of Human Services awarded a massive Medicaid bid last week to AmeriHealth Caritas, Centene Corp. and UPMC after delaying the decision for several months.
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