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Medtronic CEO Omar Ishrak on the jump to Ireland
By Modern Healthcare | August 02, 2014
Omar Ishrak, chairman and CEO of Minneapolis-based devicemaker Medtronic, discusses his company's purchase Ireland-based surgical supplier Covidien. Under the deal, Medtronic will move its headquarters to Dublin, joining a wave of companies shifting their head offices to countries with lower...
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Tenet adds 80th hospital, clears FTC review
By Bob Herman | August 01, 2014 | Basic Web Basic Web Subscription Details
Tenet Healthcare Corp. has officially acquired Emanuel Medical Center, a 354-bed, evangelical Christian hospital in Turlock, Calif.
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Duke LifePoint cinches two more deals in North Carolina
By Beth Kutscher | August 01, 2014 | Basic Web Basic Web Subscription Details
Duke LifePoint finalized two more acquisitions in its home state of North Carolina, where it already owns four hospitals.
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Information
Baxter to offload vaccine business to Pfizer for $635 million
By Kristen Schorsch, Crain's Chicago Business | July 31, 2014
Baxter International is selling its vaccine business to Pfizer for $635 million as it prepares to split into two companies.
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Express Scripts continues to see fallout from Medco purchase; income falls
By Virgil Dickson | July 30, 2014 | Basic Web Basic Web Subscription Details
The continued ripple effects of a major client exit following a big merger contributed to a second-quarter drop in net income for Express Scripts Holding Co.
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Acadia's earnings rise on booming behavioral admissions
By Bob Herman | July 29, 2014 | Basic Web Basic Web Subscription Details
Acadia Healthcare recorded sizable gains in its second quarter and for the first half of 2014 as higher admissions and new acquisitions benefited the publicly traded operator of inpatient behavioral health facilities. A one-time currency adjustment also contributed to quarterly gains.
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Information
Merck 2Q profit more than doubles
By Associated Press | July 29, 2014
A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double its second-quarter profit, improve its profit forecast and top analysts' expectations.
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Kindred makes its case for a full Gentiva takeover
By Beth Kutscher | July 29, 2014 | Basic Web Basic Web Subscription Details
One day after Kindred Healthcare abandoned its plan to acquire a 14.9% stake in Gentiva Health Services, the post-acute-care operator is stepping up its efforts to pursue a full takeover of Gentiva at $17.25 a share.
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Despite exchanges' drag on income, Aetna's profits rise
By Paul Demko | July 29, 2014 | Basic Web Basic Web Subscription Details
Aetna's participation in state and federal exchanges is creating a modest drag on profitability, company officials said repeatedly on a call with investors Tuesday. Despite that financial challenge, the insurer beat analysts' expectations for earnings in the second quarter and plans to expand into...
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Kindred drops partial tender offer for Gentiva to pursue entire company
By Beth Kutscher | July 28, 2014 | Basic Web Basic Web Subscription Details
Kindred Healthcare late Monday said it will drop efforts to purchase a 14.9% stake in Gentiva and will instead enter due diligence to submit a potential offer for the entire company that would be valued at $17.25 per share.
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