Mednax revenue soars after a year of aggressive growth

By Melanie Evans  |  February 04, 2016

Mednax, an investor-owned medical group and staffing company, closed deals totaling $850 million last year, fueling the company's rapid revenue growth in the final months of the year.

Could Massachusetts have the tool to fix high drug costs?

Could Massachusetts have the tool to fix high drug costs?

By Lisa Schencker  |  February 03, 2016

There might be another tool in the battle against high drug costs: state consumer protection laws. A potential lawsuit in Massachusetts against drugmaker Gilead over its costly hepatitis C drugs could, if successful, forge a new path for states working to combat the high costs of certain drugs.

Healthcare stocks are slumping. BlackRock is buying.

Healthcare stocks are slumping. BlackRock is buying.

By Dave Barkholz and Bob Herman  |  February 03, 2016

The giant New York money manager took large positions last year in at least 14 investor-owned healthcare companies ranging from Tenet Healthcare Corp. and TeamHealth on the provider side to insurer Centene Corp. and a host of medical-device and equipment companies.

Financial peril engulfs Moda Health

By Bob Herman  |  February 03, 2016

The future of Moda Health is up in the air after two states clamped down on the floundering health insurer and insurance ratings agency A.M. Best downgraded its credit rating to "under regulatory supervision," a designation reserved for companies that are "impaired" and could be nearing insolvency.

Drug data company IMS reports higher profits

By Michael Sandler  |  February 03, 2016

IMS Health Holdings, which sells prescription data and technology services to medical-device manufacturers, providers and payers, reported a rise in its year-end profits and is looking forward to more growth in 2016.

Rising costs, weak flu season impact BD earnings

By Adam Rubenfire  |  February 03, 2016

Becton, Dickinson and Co., the Franklin Lake, N.J.-based medical-device maker, reported a modest jump in comparable revenue as profits dropped just slightly due to rising costs and a weak flu season.

Merck's profits plummet

By Associated Press  |  February 03, 2016

Merck & Co. posted an 87% drop in fourth-quarter profit compared with last year when the drugmaker had a huge gain from the sale of consumer health business. It beat Wall Street profit forecasts, but came up short on revenue.

HCI Group acquires training specialist Expert Technical Advisors

By Joseph Conn  |  February 03, 2016

The HCI Group, a Jacksonville, Fla.-based consultancy specializing in health information technology system installation and support, has acquired health IT training and systems-implementation company Expert Technical Advisors, Houston, the company has announced.

Fast-growing Prime Healthcare closes four deals

By Melanie Evans  |  February 02, 2016

Prime Healthcare completed its acquisition of a Florida hospital, and its not-for-profit affiliate acquired another three hospitals across three states.

HealthTrust brings specialist docs into contracting process

By Adam Rubenfire  |  February 02, 2016

Like other GPOs, HealthTrust's contracting team has always convened a number of boards composed of practicing physicians or nurses to review products. But they were lacking specialists who could offer in-depth, practical expertise on new products, said Dr. Michael Schlosser, the company's CMO.

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