Moody's Investors Service downgraded the debt of Catholic Health Initiatives this week to two notches above junk, following a similar downgrade earlier this month by S&P Global Ratings.
Dartmouth-Hitchcock Health and Elliot Health System, both in New Hampshire, announced Friday that they had decided to end their latest round of discussions, which began in May 2016. The two systems engaged in talks for most of 2015.
The CEO of Seattle-based Swedish Health Services has resigned after facing allegations that neurosurgeons were asked to increase patient volume and perform unnecessary and invasive surgeries.
New survey data from the American Hospital Association underscore the wide variation in hospital expenses from state to state and between different types of facilities.
The SSM Health board of directors named Laura Kaiser the new president and CEO of the St. Louis-based Catholic health system. For the past five years, Kaiser has been COO of Salt Lake City-based Intermountain Healthcare.
Last July's merger of Providence Health & Services of Renton, Wash., and St. Joseph Health of Irvine, Calif., gave the combined 50-hospital system a greater presence in the highly competitive Los Angeles market. Modern Healthcare spoke with St. Joseph CEO Dr. Richard Afable about these changes.
When it comes to provider consolidation, 2016 may well be remembered as the great unraveling.
Ascension has named Patricia Maryland as CEO of its giant healthcare division, replacing longtime Ascension second-in-command Bob Henkel, who is retiring in June.
Intermountain Healthcare allows patients at four of its smaller hospitals to consult with infectious disease specialists through video and phone conferencing.
Dignity has entered talks with an academic medical center while still negotiating a possible mega-merger with Catholic Health Initiatives. Dignity's operating performance swung to a $30.8 million gain in the most recent quarter from a $47.5 million loss a year ago.
The Catholic health system will work with Lyft to ensure that a ride is always available for patients. Ascension is the first major hospital company to engage Lyft, which is rolling out a non-emergency medical transportation business across the country.
Inova Health System will provide $100 million in venture capital over the next three to five years to support precision-medicine companies and create an incubator for startups. Veteran venture capitalists Hooks Johnston and Pete Jobse will manage the investments.