The sale of Capella Healthcare to a real estate investment trust heralds more deals to come between hospital operating companies and REITs as more providers realize it's time to cash in on their rich real estate portfolios, analysts say.
Accretive Health, the Chicago-based revenue-cycle management firm that recently turned down a takeover offer from Ascension Health, will give investors additional details on its financial performance when it reports earnings Wednesday.
Second-quarter earnings at Molina Healthcare were five times higher than the same period last year. The managed-care insurer based in Long Beach, Calif., is almost exclusively focused on Medicaid populations.
Renton, Wash.-based Providence Health & Services and Irvine, Calif.-based St. Joseph Health System have signed a letter of intent to create a single organization, the two Catholic systems announced Friday.
Hospice providers will see a 1.1% increase in Medicare payments in fiscal 2016, according to a final rule issued Friday by the CMS. That's slightly lower than the CMS' initial proposal.
LifePoint Health, the smallest publicly traded hospital operator in the U.S., didn't see the same strong admissions growth in the second quarter as two of its larger peers.
Strong sales of Amgen's blockbuster rheumatoid arthritis medication Enbrel helped drive the company's 7% profit hike during the second quarter and also offset a 1% decline in combined sales of its best-selling cancer drugs Neupogen and Neulasta.
Drug and medical-device maker Abbott Laboratories said Thursday it has agreed to buy replacement heart-valve maker Tendyne Holdings for $225 million, and has invested in a second company in the field.
Healthcare spending grew at twice the rate of the rest of the economy in the second quarter, renewing fears that the sector's upward march has resumed after nearly a half decade of relative calm.
Deals between hospital operating companies and real estate investment trusts (REITs) are expected to multiply as more providers realize it's time to cash in on their bloated real estate portfolios.
Universal Health Services is predicting a more profitable 2015 than it had originally expected, after second-quarter results continued to show strong demand for healthcare services
Second-quarter profits fell at MedAssets as the company faced restructuring costs and other expenses rose, even as newly acquired analytics firm Sg2 contributed additional revenue.