West News

CHI growth delivers gains in first quarter

By Modern Healthcare  |  January 02, 2016

Catholic Health Initiatives ended its first quarter with an operating surplus as expansion and patient demand helped boost revenue. But poor investment returns drained cash from the system's balance sheet and left CHI with a net loss for the quarter.

Daughters of Charity system finally closes on a deal

Daughters of Charity system finally closes on a deal

By Melanie Evans  |  December 19, 2015

Daughters of Charity Health System's long, fraught search for a buyer has ended. BlueMountain Capital Management closed on a deal last week for the failing six-hospital system, now named Verity Health System.

Largest Arizona hospital systems form lobbying alliance

By Maria Castellucci  |  December 05, 2015

Arizona's four largest health systems have formed an alliance called the Health System Alliance of Arizona to advocate for public policy that represents the state's healthcare industry.

Former hospital CFO, two surgeons face charges in kickback scheme

Former hospital CFO, two surgeons face charges in kickback scheme

By Michael Sandler  |  November 28, 2015

Federal prosecutors announced charges last week against a former hospital chief financial officer, two surgeons and two other defendants in a kickback scheme involving nearly $600 million in fraudulent claims for spinal surgeries in Southern California.

Daughters struggles as AG weighs takeover decision

Daughters struggles as AG weighs takeover decision

By Beth Kutscher  |  November 21, 2015

Daughters of Charity Health System faces a precarious financial position while waiting for California Attorney General Kamala Harris to decide whether to allow its sale to private-equity firm Blue Mountain Capital.

Centura to open hybrid ED/urgent-care centers

By Adam Rubenfire  |  November 14, 2015

Like many systems, Englewood, Colo.-based Centura Health is turning to retail-oriented healthcare to offer more convenient, accessible care.

Utah's Arches health plan is 10th co-op to close

By Bob Herman  |  October 31, 2015

Another gravestone has been added to the Affordable Care Act's co-op plan cemetery. Arches Health Plan in Utah will shut down by the end of the year, the state said last week.

Banner strives to improve U-Arizona performance

By Beth Kutscher , Lisa Schencker and Virgil Dickson  |  October 24, 2015

Phoenix-based Banner Health issued new bonds last week to refinance older debt, including the short-term loans it used to fund two recent acquisitions.

Activist investor seeking sale of top air ambulance company

By Bob Herman  |  September 19, 2015

Voce Capital Management, a San Francisco-based hedge fund, has asked air ambulance company Air Methods Corp. to consider selling itself to a private equity firm and avoiding the transparency of being a public company.

Medtronic buys devicemaker focused on aneurysm treatment

By Modern Healthcare  |  September 05, 2015

In its second acquisition in just under a week, Dublin-based medical-device maker Medtronic has purchased Medina Medical, a California device company focused on aneurysm treatment.

Banner aims to cut costs from UAHN as earnings lag

By Modern Healthcare  |  August 29, 2015

Banner Health is working to cut costs from its newly acquired University of Arizona Health Network as the academic medical center's losses weigh on the system's finances.

Feds OK Calif. fix for Medicaid pregnancy glitch

By Virgil Dickson  |  August 15, 2015

California has won approval from the Obama administration to extend full Medicaid coverage to low-income pregnant women, patching a glitch in the Affordable Care Act that left many women with limited coverage.

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