- Tenet Healthcare Corp. last week said it was abandoning plans to acquire five hospitals in Connecticut. Its decision also will end its partnership with Yale New Haven (Conn.) Health System. The state dug in its heels on for-profit entrants in Connecticut. State officials put a combined 70 conditions on one of Tenet's deals. The Dallas-based chain was attempting to close transactions that were initiated more than two years ago by Vanguard Health Services, which Tenet acquired in 2013. Tenet had picked up Vanguard's two hospitals in Massachusetts and sought to further expand its network in New England.
- Partners HealthCare said last week it lost $22 million from operations in its most recent fiscal year. The Boston-based health system could have managed a surplus if it weren't for its struggling health insurance arm. Neighborhood Health Plan, which Partners bought in 2012, lost $202 million in the year ended Sept. 30. Executives said the steep losses resulted from higher-than-expected medical claims, high costs related to hepatitis C drug Sovaldi and troubles with the Massachusetts insurance exchange. The health plan has more than 330,000 members.
- Inflation in two of healthcare's largest sectors remained low in November, continuing a trend that has helped check growth in national health spending. Prices for acute-care hospitals inched up 0.1% in November, and climbed 1% during the year that ended last month, a sluggish pace compared with the same 12-month periods in prior years. The year that ended in November 2013 saw acute-care hospital prices increase 2.3%. The year that ended in November 2012 also saw prices increase 2.3%. Hospitals account for 32% of the nation's total health spending and physicians and clinics make up another 20%.
Tenet Healthcare Corp. abandoning plans to acquire five hospitals in Connecticut, and other news
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