By Modern Healthcare | February 11, 2012
| Print Magazine
EAST MEADOW, N.Y.—NuHealth System said it will seek $30 million and antitrust clearance from the state of New York to downsize its hospital and affiliate more closely with North Shore-Long Island Jewish Health System. The proposal, to be submitted to the state, won unanimous approval from the NuHealth governing board. FULL STORY »
By Modern Healthcare | February 04, 2012
| Print Magazine
MONTCLAIR, N.J.—Montclair Health System set plans in motion to acquire Mountainside Hospital in Montclair by filing a certificate-of-need request with the state department of health to transfer the facility's ownership. FULL STORY »
By Modern Healthcare | January 28, 2012
| Print Magazine
DOVER, Del.—BayHealth Medical Center completed a $47 million expansion of its Kent General Hospital campus. The project, which began in August 2008, added a 375-space parking garage and treatment bays to the hospital's emergency room, a spokesman said in an e-mail. FULL STORY »
By Modern Healthcare | January 21, 2012
| Print Magazine
ALBANY, N.Y.—New York Gov. Andrew Cuomo proposed legislation that would give state health officials power to remove hospital managers and not-for-profit hospital board members. FULL STORY »
By Modern Healthcare | January 14, 2012
| Print Magazine
NEW YORK—Insurer Cigna Corp. announced an accountable care effort with the Weill Cornell Physician Organization, New York, that will employ registered nurses to coordinate patient care. FULL STORY »
By Modern Healthcare | January 09, 2012
| Print Magazine
SCRANTON, Pa.—Community Health Systems has completed its acquisition of substantially all of the assets of Moses Taylor Health Care System, a two-hospital system in northeast Pennsylvania. FULL STORY »
An already controversial situation in which a for-profit hospital chain agreed to buy a not-for-profit hospital in Jersey City, N.J., got even more interesting with aggressive interest shown by a second for-profit company. FULL STORY »
By Modern Healthcare | January 02, 2012
| Print Magazine
BOSTON—Steward Health Care System resigned from the Massachusetts Hospital Association, stating that the for-profit system can do more good on its own for the state's hospital industry by transforming into an accountable care organization. FULL STORY »
By Modern Healthcare | December 12, 2011
| Print Magazine
ALBANY, N.Y.—Under a proposal to overhaul New York's safety net financing, the state would contract with accountable care organizations or health plans for seniors who are eligible for both Medicare and Medicaid. FULL STORY »
By Modern Healthcare | December 05, 2011
| Print Magazine
PITTSBURGH—A federal judge ordered Pittsburgh's rival health systems to mediation over a lawsuit by West Penn Allegheny Health System that claims UPMC conspired to stifle competition. FULL STORY »
By Modern Healthcare | November 21, 2011
| Print Magazine
PITTSBURGH—Officials for Western Pennsylvania Hospital said an upcoming renovation will reopen and expand the emergency room and renovate five medical-surgical floors. FULL STORY »
By Modern Healthcare | October 24, 2011
| Print Magazine
HOBOKEN, N.J.—A bankruptcy court judge approved plans to sell the Hoboken University Medical Center to buyer HUMC Holdco. Terms of the sale won approval from the creditors committee earlier in the month. To close the deal, HUMC Holdco, which also owns the Bayonne (N.J.) Medical Center, must win a certificate of need from the state. “HUMC Holdco's ownership team is extremely proud to keep the doors open at the oldest hospital in the state and remains dedicated to making investments in HUMC's future,” Phil Schaengold, chief transition officer of HUMC Holdco, said in a... FULL STORY »
By Modern Healthcare | October 17, 2011
| Print Magazine
LOWELL, Mass.—Saints Medical Center, which announced plans to be acquired by Steward Health Care System this year, instead signed a memorandum of understanding to affiliate with Lowell (Mass.) General Hospital. Steward and Saints Medical Center said in an Oct. 6 joint release that the two organizations “mutually decided to end discussions that would have resulted in Saints becoming part of Steward.” The affiliation between Saints Medical Center and Lowell General Hospital was also announced Oct. 6. Saints, a 104-bed hospital, initiated affiliation discussions with... FULL STORY »
By Vince Galloro and Melanie Evans | October 17, 2011
| Print Magazine
A federal magistrate judge recom-mended denying a preliminary injunction sought by insurer Highmark to squelch an advertising campaign launched by the University of Pittsburgh Medical Center in a contract fight between the two.In her report filed in U.S. District Court in Pittsburgh, Magistrate Judge Cathy Bissoon suggested that Highmark is unlikely to win its case on the merits and failed to show that UPMC's ads caused an immediate harm that requires the extreme remedy of a preliminary injunction. FULL STORY »
By Ashok Selvam | October 10, 2011
| Print Magazine
Hospitals mergers seldom are simple when only two parties are involved, but in upstate New York it took two years to seal a four-hospital merger involving two Catholic parent organizations with a third secular group. FULL STORY »
By Modern Healthcare | October 03, 2011
| Print Magazine
HOBOKEN, N.J.—New Jersey Gov. Chris Christie said the state would commit $5 million to help close the sale of the foundering Hoboken University Medical Center. The municipal hospital's management company entered bankruptcy in August. The governor's announcement came after the Hoboken City Council refused to pledge $5 million “effectively forcing the state's oldest hospital to close within the next few weeks and risking municipal authority default in Hoboken,” a written statement from the governor's office said. Sale of Hoboken University Medical Center to the company... FULL STORY »
By Modern Healthcare | August 08, 2011
| Print Magazine
NEW YORK—NYU Langone Medical Center, a three-campus, 789-bed institution, has received an $84 million National Institutes of Health grant to conduct a comparative-effectiveness study to investigate when angioplasty and stenting are most appropriate for patients with coronary artery disease and when medical therapy should be the first-line approach. Called the International Study of Comparative Health Effectiveness with Medical and Invasive Approaches, or ISCHEMIA, the research is being funded by the NIH's National Heart, Lung and Blood Institute and will include more than 150... FULL STORY »
New Hampshire was the second state this month to be sued for legislation that funnels federal payments previously made to hospitals into state budgets. FULL STORY »
By Modern Healthcare | August 01, 2011
| Print Magazine
LOWELL, Mass.—Steward Health Care System, Boston, and Saints Medical Center, Lowell, have a definitive agreement for Steward to acquire the 104-bed hospital. Steward and Saints signed a letter of intent for the deal in April. Steward agreed to invest $35 million in the hospital within the first five years and has made $5 million available to the hospital to fund any capital needs between now and closing, said Steward spokesman Chris Murphy. Steward also agreed to take on $48 million in outstanding debt and $15 million in unfunded pension liabilities, Murphy said. Steward... FULL STORY »
