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LabCorp plans to slim down its Covance contract research business

By Dave Barkholz  |  April 25, 2017

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.

Purchase of CityMD signals strong investor interest in urgent care

Purchase of CityMD signals strong investor interest in urgent care

By Jonathan LaMantia  |  April 25, 2017

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.

Michigan tests 'pay-for-success' model for diabetes prevention

By Crain's Detroit Business  |  April 24, 2017

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.

Ratings agencies lower MetroHealth's bond ratings

By Crain's Cleveland Business  |  April 21, 2017

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.

Advocate Health Care imposes hiring freeze

By Crain's Chicago Business  |  April 21, 2017

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.

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