LabCorp is beginning a cost-cutting initiative in its contract research business after revenue and earnings slipped in the first quarter at its Covance Drug Development unit. The unit's performance dampened what ultimately turned out to be a positive quarter for the diagnostics giant.
Centene Corp. on Tuesday reported strong revenue in the first quarter as it continues to be an outlier among big insurers by committing to stick with the Affordable Care Act insurance exchanges.
Since opening a single clinic on the Upper East Side in 2010, urgent-care chain CityMD has grown to 68 locations in three states. Its New York storefronts, which provide convenient walk-in health care to residents, have become as ubiquitous throughout the city as bank branches and Duane Reades.
The series A funding comes to the secure communications platform from Bain Capital Ventures.
Solid investment and operating income helped Norton Healthcare to the best earnings among Louisville, Ky., hospital systems in 2016, while UnityPoint relied on investment income for its gain.
A new type of financing is linking private investors who want to do good — and make some money in the process — with not-for-profits looking to get upfront funding for programs where they're paid for results.
Franklin Lakes, N.J.-based Becton Dickinson expects the acquisition of C.R. Bard Inc. to boost sales in foreign markets such as China, where it estimates it can earn annual revenue of $1 billion.
Three major ratings agencies recently downgraded MetroHealth's long-term ratings, but they all remain relatively optimistic about the Cleveland-based health system's ambitious plan to overhaul its main campus at a cost of nearly $1 billion on its own dime.
Hemsley's compensation for running the nation's largest health insurance company grew by 22.4% over 2015, according to a document filed with the U.S. Securities and Exchange Commission on Friday.
The move comes a month after the collapse of the hospital system's proposed North Shore merger. Advocate Health Care is the largest hospital network in Illinois.
The first-quarter earnings season for hospital companies hasn't officially begun and already a second large provider has previewed a net earnings drop for the quarter.
The insurer celebrates a healthy fiscal year by doubling down on Medicare Advantage and Medicare Part D.