AbbVie will spend about $21 billion to buy fellow drugmaker Pharmacyclics and add another major revenue producer to a portfolio that already includes the world's top-selling drug.
St. Luke's Health System in Idaho won't be forced to give up its recently acquired physician group just yet, a federal appeals court decided Wednesday.
The U.S. Food and Drug Administration announced Wednesday the launch of a mobile app for health professionals to get quick information on drug shortages.
Hospital stocks rallied in an otherwise down market Wednesday, buoyed by a hope the Supreme Court might decide the King v. Burwell case in the administration's favor. That would leave insurance subsidies in place for millions who bought coverage through a federally run exchange.
Halyard Health, spun off late last year from Kimberly-Clark Corp., on Wednesday reported fourth-quarter 2014 net sales rose 2%, thanks largely to strong sales of its surgical and infection-prevention equipment.
Trinity Health, one the country's largest not-for-profit health systems, improved its operating margin in the first half of its fiscal 2015 as volume increased and it benefited from a recent acquisition.
Community Health Systems made more adjustments to its portfolio of hospitals this week as it continues to integrate last year's acquisition of Health Management Associates.
Mayo Clinic closed out 2014 with an improved operating margin, thanks in large part to a focus on slimming down the expense side of its balance sheet.
Prime Healthcare Services has entered into an agreement to buy 126-bed Mercy Suburban Hospital, which is located in the Philadelphia suburb of East Norriton. The hospital is part of Mercy Health System, which became part of Trinity through its 2013 merger with Catholic Health East.
ProMedica Health System, a Toledo, Ohio-based group with 11 hospitals, reported an increase in its operating margin in 2014 as volume grew for inpatient and outpatient services.
Cardinal Health plans to buy Johnson & Johnson's cardiology medical-device business Cordis for nearly $2 billion in cash, marking the company's expansion into the interventional vascular technology market.
Banner Health CEO Peter Fine discusses the merger of University of Arizona Health Network and Banner Health in an interview with Modern Healthcare reporter Beth Kutscher.