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Breaking Healthcare Business News

Healthcare business news and information

News
Affiliation expands Care New England's cardiovascular services
By Rachel Landen | April 24, 2014 | Basic Web Basic Web Subscription Details
Care New England Health System, Providence, R.I., is expanding cardiovascular services at its three facilities, through an agreement with Brigham and Women's Hospital, Boston.
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Information
Devicemaker Zimmer to acquire Biomet for $13.35 billion
By John N. Frank | April 24, 2014
Zimmer Holdings plans to spend $13.35 billion in cash and stock to acquire Biomet, a musculoskeletal and biotechnology products maker, Zimmer announced Thursday morning.
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News
CBO cuts Medicaid cost estimates; GOP governors unlikely to care
By Virgil Dickson | April 24, 2014 | Basic Web Basic Web Subscription Details
States will spend $46 billion between 2015 and 2024 on Medicaid and Children's Health Insurance Programs because of the Patient Protection and Affordable Care Act, the Congressional Budget Office now estimates. The new figure is approximately one-third less than its $70 billion February estimate.
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News
Huron expands HIT consulting with new purchase
By Rachel Landen | April 24, 2014 | Basic Web Basic Web Subscription Details
Huron Consulting Group, Chicago, announced Thursday that it will acquire healthcare information technology consulting firm Vonlay, Madison, Wis., in a move that is anticipated to expand Huron Healthcare's IT consulting reach.
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News
Aetna guarded about exchange expansion even as earnings soar
By Paul Demko | April 24, 2014 | Basic Web Basic Web Subscription Details
Aetna remains wary about expanding its presence in public healthcare exchanges for 2015 because of lingering uncertainties about the emerging marketplaces, the company's CEO said Thursday. That news came as the Hartford, Conn.-based insurer reported that it significantly exceeded profit...
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News
Eli Lilly revenue suffers after patent losses for Cymbalta, Evista
By Rachel Landen | April 24, 2014 | Basic Web Basic Web Subscription Details
Eli Lilly and Co. saw a sharp decline in its first-quarter earnings after recent U.S. patent expirations for two of its best-selling drugs cut sharply into the pharmaceutical company's revenue.
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News
Harsh winter hurt Quest Diagnostics net income
By Jaimy Lee | April 24, 2014 | Basic Web Basic Web Subscription Details
Quest Diagnostics, the largest provider of laboratory testing services, said that profits fell in the first quarter of this year, with the harsh winter weather as a primary driver of the quarterly decline.
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Information
FDA proposes first regulations for electronic cigarettes
By Associated Press | April 24, 2014
The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the FDA.
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Information
Afghan hospital guard kills 3 American doctors
By Associated Press | April 24, 2014
An Afghan security guard opened fire on a group of foreign doctors at a Kabul hospital on Thursday morning, killing three American physicians and wounding a U.S. nurse, officials said.
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News
Accretive Health CEO to step down
By Melanie Evans | April 23, 2014 | Basic Web Basic Web Subscription Details
Accretive Health, the healthcare revenue cycle company recently delisted by the New York Stock Exchange and bruised by legal troubles, announced a search to replace President and CEO Steve Schuckenbrock, who announced his retirement after one year on the job.
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