Deals between hospital operating companies and real estate investment trusts (REITs) are expected to multiply as more providers realize it's time to cash in on their bloated real estate portfolios.
Second-quarter earnings at Molina Healthcare were five times higher than the same period last year. The managed-care insurer based in Long Beach, Calif., is almost exclusively focused on Medicaid populations.
Remedy Partners, a company that helps hospitals and physicians with bundled payment programs, has raised $50 million from Bain Capital Ventures. The investment signals a growing interest in fixed-cost, episode-based care.
Renton, Wash.-based Providence Health & Services and Irvine, Calif.-based St. Joseph Health System have signed a letter of intent to create a new, single organization, the two Catholic systems announced Friday.
National Nurses United and the affiliated California Nurses Association say they've won the rights to unionize nurses at Kaiser Permanente's flagship hospital in Los Angeles, months after it called for a strike at the hospital despite not representing its nurses.
Cardinal Health reported higher-than-expected earnings for the fourth quarter and ended the fiscal year with sound financials thanks to significant growth in its pharmaceutical segment.
Healthcare spending grew at twice the rate of the rest of the economy in the second quarter, renewing fears that the sector's upward march has resumed after nearly a half decade of relative calm.