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Financial Results

Summa Health begins bridging its financial gap

Summa Health begins bridging its financial gap

Following a multimillion-dollar operating loss in 2017, Summa Health in the first half of this year managed to achieve a $43 million turnaround of its finances and is back in the black.

Blood-testing startup Theranos said to be closing

Blood-testing startup Theranos said to be closing

The once-heralded blood-testing startup Theranos is shutting down, according to a media report. Theranos was unable to sell itself and is now looking to pay unsecured creditors its remaining cash of about $5 million in the upcoming months.

Premier's stock jumps 14% on Q4 earnings report

Premier's stock jumps 14% on Q4 earnings report

Premier's stock price closed more than 14% higher after reporting strength in fourth-quarter revenue for its group purchasing business and modest growth in its performance services business.

SSM Health exploring sales of three Missouri hospitals

SSM Health exploring sales of three Missouri hospitals

St. Louis-based SSM Health signed letters of intent to sell three of its Missouri hospitals to University of Missouri Health Care and Mosaic Life Care. The health system said it expects the due diligence process to take a few months.

Healthcare saw Q2 reprieve from record bankruptcies

Healthcare saw Q2 reprieve from record bankruptcies

The healthcare industry saw fewer bankruptcies in the second quarter of 2018 compared with the first, according to law firm Polsinelli, breaking with eight quarters of record or near-record highs. But one report author doesn't expect the lull to stick.

R1 RCM grows Q2 revenue with new clients

R1 RCM grows Q2 revenue with new clients

Chicago-based revenue-cycle management company R1 RCM continues to grow its revenue from new customers, and the company says it forecasts adding $11 billion in net patient revenue onto its operating partner model this year.

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