Recent Stories
Sentara Healthcare's operations grow but net surplus falls

Sentara Healthcare continued to see operating gains in 2014, helped by transactions that boosted the Norfolk, Va.-based system's operating surplus 23.3% for the year ended Dec. 31. Its net surplus, however, fell by nearly half.
Universal Hospital Services suffers losses, gains a new CEO

Universal Hospital Services reported another 12 months of disappointing financial results with the healthcare technology and medical-device supplier recording a net loss of $66.5 million for the year ended Dec. 31, 2014.
Online petition asks Washington to control cancer drug prices

A grass-roots petition to improve the affordability of cancer drugs is gathering signatures—and stories—after being posted online this month. Two weeks in, nearly 4,000 people have signed the petition asking the president, HHS and lawmakers to protest against high cancer drug prices.
Andrabi named CEO of Mercy Health-Toledo

Dr. Imran Andrabi is now president, CEO and chief network integration officer of Mercy Health-Toledo (Ohio), which serves 20 counties in northwest Ohio and southeast Michigan.
NorthShore inpatient admissions fall, operating surplus rises

NorthShore University HealthSystem started its fiscal 2015 with improved operating performance as revenue growth outpaced increases to expenses during its first quarter.
Wake Forest Baptist shows operating gains, dinged by investment losses

Wake Forest Baptist Medical Center, Winston-Salem, N.C., reported a $19.2 million operating surplus for the first half of fiscal 2015 after two consecutive years of operating losses.
Surgical setting depends on the body system

As changing healthcare delivery models continue to shift patients from inpatient to outpatient settings, it is becoming almost unheard of for certain common surgical procedures to require inpatient care, according to data from the Agency for Healthcare Research and Quality.
Medtronic reports stronger earnings, closes Covidien deal

Medtronic reported 28.2% earnings growth for the third quarter of its fiscal 2015, a period that ended just three days before the medical-device manufacturer closed on its acquisition of Irish rival Covidien.
Rite Aid expands reach, spends $2 billion for pharmacy benefit manager

Rite Aid, the nation's third-largest drugstore chain, announced Wednesday that it is adding pharmacy benefit manager Envision Pharmaceutical Services to its portfolio for about $2 billion in cash and stock.
CVS Health kicks tobacco, stays financially fit in fourth quarter

CVS Health Corp. reported robust gains for its final quarter of 2014, balancing a drop in store sales from removing tobacco products from the company's shelves with rising revenue from the company's service sector.
Cardinal Health predicts strong 2015, raises earnings projections

Cardinal Health raised its earnings outlook for fiscal 2015 after a strong second quarter boosted revenue 15% for the distributor of pharmaceuticals and manufacturer of medical and surgical products.
Healthcare hiring boom will bypass hospitals

The healthcare sector will be hiring at a faster pace in 2015 as a healthier economy and shrinking uninsured population fuel an uptick in demand for routine and discretionary services. The hiring binge will be uneven, though.
Agencies give mixed reviews of Partners HealthCare bonds

Partners HealthCare System in Boston saw its ratings downgraded by Moody's Investors Service when the agency rated new bond issues expected this week.
Number of new ESRD cases may be declining

Although nearly twice as many people in the U.S. were diagnosed with end-stage renal disease in 2012 compared with 20 years ago, the number of new cases diagnosed annually has fallen since 2010
Moody's downgrades Partners HealthCare bonds

Partners HealthCare System in Boston saw its ratings downgraded last week by Moody's Investors Service when the agency rated new bond issues expected next week.