A half-century after formation of the Federation of American Hospitals, for-profit hospital chains have moved beyond a scandal-plagued past to forge a permanent place in the healthcare landscape that features both collaboration and competition with not-for-profit systems.
Kevin Donovan was named president and CEO of Laconia, N.H.-based LRGHealthcare, effective mid-June. He takes the helm from former CEO Seth Warren, who stepped down in March.
As hospital margins on traditional fee-for-service Medicare patients plunged deeper into the red, cost-cutting at hospitals has allowed many to make up those losses from their commercially insured clientele.
Community Health Systems, Franklin, Tenn., has made two operations leadership promotions.
Hospital operator mergers have created big—sometimes behemoth—health systems that will provide the scale necessary to achieve operating efficiencies and compete for more cost-conscious consumers. So they say. But some of the biggest mergers in recent years have so far failed to deliver.
LifePoint Health CEO Bill Carpenter credits his legal training for helping him steer the for-profit hospital chain through a series of recent acquisitions, supported by the system's solid financial performance.
A series of 2016 hospital acquisitions by LifePoint Health is expected to add $1.25 billion of revenue this year to the company, but be slightly dilutive to earnings until those hospitals are fully absorbed within the year, the company said in an earnings release Friday.
BlackRock, the world's largest asset manager, is placing big bets on healthcare stocks. The giant New York money manager, which oversees more than $4.5 trillion in assets, took large positions last year in at least 14 investor-owned healthcare companies and a host of medical-device and equipment...
LifePoint Health, the acquisition-hungry hospital chain based in Brentwood, Tenn., announced it closed on a deal for two South Carolina hospitals.
Baptist Health and LifePoint Health are among 10 Kentucky health systems forming a collaborative they say will combat the state's poor health outcomes by sharing best practices and reducing the costs of care.
Baptist Health and LifePoint Health are among 10 Kentucky health systems joining a collaborative to combat the state's poor health outcomes by sharing best practices and reducing the costs of care. The news comes the same week as the governor announced plans to end Kynect, the state-run exchange.
Investor-owned LifePoint Health has acquired St. Francis Hospital in Columbus, Ga., about a year after the independent hospital began seeking a suitor in light of debt problems and accounting irregularities flagged by the U.S. Department of Housing and Urban Development.