LifePoint Health's new chief development officer says the company will be judicious when targeting hospitals to acquire this year and will not make acquisitions simply for the sake of growth.
Albert Wright has been promoted to president and CEO of West Virginia University Medicine. He replaces Dr. Christopher Colenda, who retired in August.
Hospitals and physicians are having a hard time grasping how the Affordable Care Act can be repealed by the Trump administration without a plan to replace or continue coverage for the nearly 20 million Americans who are now insured on the exchanges or through Medicaid expansions in 32 states.
Brentwood, Tenn.-based LifePoint Health, which owns 20 home health and 10 hospice locations, has entered into a joint venture with LHC Group to manage the facilities.
The stock market was rattled Friday afternoon following the news that the FBI reopened its investigation of Democratic presidential nominee Hillary Clinton's emails. But LifePoint Health withstood the choppiness on the strength of its third-quarter earnings.
LifePoint Health CEO Bill Carpenter used an analyst forum Wednesday to introduce his new CFO Michael Coggin and explain more fully how a physician departure at one of its 67 hospitals upended second-quarter earnings.
Murphy will receive a base salary of $1 million plus a signing bonus of $2.8 million. TeamHealth is about to be supplanted as the nation's largest physician staffing company. When a merger between Amsurg and Envision Healthcare is complete, that combined company will hold the crown.
Steve Tucker, 61, has been named CEO of Conemaugh Health System based in Johnstown, Pa., part of Duke LifePoint.
Beth Killoran has been named CIO of HHS, a cybersecurity and privacy protection position she's held in interim capacity for eight months.
LifePoint Health reported a net income drop in the second quarter of almost 60% to $20.1 million. The hospital chain's CEO said the lion's share of the earnings miss was caused by the abrupt departure of several physicians at an undisclosed hospital.
Duke LifePoint Healthcare, a joint venture of LifePoint Health and Durham, N.C.-based Duke University Health System, has signed a letter of intent to acquire Good Shepherd Health System, a two-hospital system in Longview, Texas.
The Federal Reserve decided Wednesday to hold interest rates at historic lows, continuing the positive borrowing environment that has aided hospitals and the healthcare industry for years.