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Rush's operating margin holds steady; revenue gains slightly outpace expense increases
By Rachel Landen | August 20, 2014 | Basic Web Basic Web Subscription Details
Rush University Medical Center's operating revenue and operating expenses grew at nearly the same rate during fiscal 2014, leaving the Chicago-based hospital system to report no change in its operating margin from the previous year.
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News
Texas Health Resources sees better Q2 amid investment losses
By Rachel Landen | August 20, 2014 | Basic Web Basic Web Subscription Details
A boost to revenue and non-operating gains helped Texas Health Resources' second quarter of 2014 outpace its first. But even with the improved performance, the not-for-profit system fell short of where it was this time last year.
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News
Invacare laying off 190 as part of restructuring
By Jaimy Lee | August 20, 2014 | Basic Web Basic Web Subscription Details
Invacare Corp., an Elyria, Ohio-based manufacturer of wheelchairs and hospital beds, said it plans to lay off 150 employees and 40 temporary employees as part of a restructuring initiative that is expected to bring in about $15 million in pre-tax savings.
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News
Universal Hospital Services CEO to step down amid large losses
By Bob Herman | August 20, 2014 | Basic Web Basic Web Subscription Details
Gary Blackford, chairman and CEO of Universal Hospital Services, a supplier of medical devices and other healthcare technology, said Tuesday he will step down from his roles by year-end.
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Information
Apax seeks $3 billion sale of healthcare IT firm TriZetto: sources
By Reuters | August 19, 2014
Private equity firm Apax Partners is exploring a sale of U.S. healthcare information technology company TriZetto Corp., hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.
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News
SCL Health's margin slips, but Medicaid expansion fuels optimism
By Bob Herman | August 19, 2014 | Basic Web Basic Web Subscription Details
SCL Health's operating margin fell slightly in the first half of its fiscal year, but the Denver-based system believes new healthcare reform efforts such as Medicaid expansion will help it in the long run.
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News
Two more hospitals join Rochester Regional Health; CEO search continues
By Rachel Landen | August 19, 2014 | Basic Web Basic Web Subscription Details
United Memorial Medical Center, Batavia, N.Y., and Clifton Springs (N.Y.) Hospital & Clinic will join newly formed Rochester (N.Y.) Regional Health System by the end of this year, according to a formal binding agreement unanimously approved by each organization's board last month.
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News
Despite noted revenue growth, Medtronic sees drop in profits
By Jaimy Lee | August 19, 2014 | Basic Web Basic Web Subscription Details
Medical devicemaker Medtronic reported a drop in profits even as the company enjoyed what CEO Omar Ishrak described as its “highest revenue growth performance in five years.” The Minneapolis-based company disclosed no new information about its pending deal to acquire Irish medical...
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News
Genesis, Skilled Healthcare deal to create $5.5B post-acute giant
By Bob Herman | August 18, 2014 | Basic Web Basic Web Subscription Details
Privately held Genesis Healthcare and publicly traded Skilled Healthcare Group intend to merge, creating a post-acute-care behemoth with approximately $5.5 billion in pro forma revenue.
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News
Palmetto Health feels squeeze from high-deductible plans
By Bob Herman | August 18, 2014 | Basic Web Basic Web Subscription Details
Revenue at Palmetto Health, a four-hospital system based in Columbia, S.C., increased a modest 1.9% in the first nine months of its fiscal 2014, which ended June 30. The nationwide shift toward high-deductible health plans was a factor in lower commercially insured volumes and revenue, officials...
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