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News
McKesson sells pharmacy automation unit to private-equity firm
By Modern Healthcare | October 16, 2013 | Basic Web Basic Web Subscription Details
McKesson Corp. is selling its hospital pharmacy automation unit to private-equity firm Francisco Partners.
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Information
Abbott surprises with huge dividend boost, shares jump
By Reuters | October 16, 2013
Abbott Laboratories reported higher-than-expected quarterly earnings on Wednesday, helped by strong demand for its diagnostics, and surprised investors with a dividend increase of more than 50%.
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Information
Sizzling drug sales help J&J beat 3Q forecasts
By Reuters | October 15, 2013
Johnson & Johnson reported better-than-expected third-quarter results, as strong growth for prescription drugs overshadowed weaker contributions from its medical device and consumer products businesses.
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Information
A job engine sputters as hospitals cut staff
By USA Today | October 14, 2013
Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and inpatient visits.
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News
Mercy to transfer Ark. hospital to CHI
By Modern Healthcare | October 14, 2013 | Basic Web Basic Web Subscription Details
Four months after dropping a deal with a different suitor because of regulatory hurdles, Chesterfield, Mo.-based Mercy health system plans to transfer its Hot Springs, Ark., hospital and physician clinic to Catholic Health Initiatives.
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Information
Patients mired in costly credit from doctors
By New York Times | October 14, 2013
In dentists’ and doctors’ offices, hearing aid centers and pain clinics, American healthcare is forging a lucrative alliance with American finance. A growing number of healthcare professionals are urging patients to pay for treatment not covered by their insurance plans with credit...
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Vital Signs
Moody's warns exchanges could carry more short-term risk than benefit
By Beth Kutscher | October 11, 2013
A credit analyst for not-for-profit healthcare providers is cautioning that the new state health insurance exchanges may introduce more short-term risk than benefit.
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News
Pacsgear acquired by Lexmark International
By Rachel Landen | October 07, 2013 | Basic Web Basic Web Subscription Details
Lexmark International acquired Pacsgear for about $54 million in cash.
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Magazine
New points of entry | Stand-alone ERs offer systems path to higher volume
By Beth Kutscher | October 05, 2013 | Print Magazine Print Magazine Subscription Details
Full-service hospital operators long have viewed specialty providers with suspicion. But they increasingly are adopting the philosophy of, “If you can't beat 'em, join 'em.”
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News
Tuomey penalty falls to $238 million after error is discovered
By Joe Carlson | October 02, 2013 | Basic Web Basic Web Subscription Details
A clerical error means Tuomey Healthcare System in South Carolina owes $39 million less than a federal judge ordered Tuesday. But the system still is on the hook for $238 million in damages for violating the federal False Claims Act. A settlement to resolve the case, meanwhile, may still be in the...
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