Capital Finance

In a combination of two companies focused on developing new patient-centered care models, Paladina Health today announced the acquisition of ModernMed, a primary care operator with locations in 12 states.

Universal American Corp. announced Wednesday plans to acquire APS Healthcare for $227.5 million.

Former chief financial officer of HealthSouth, Aaron Beam, was flying high until he became involved in an accounting fraud that would send him to jail and offer him a mission: warning others of the ethical dangers of wealth and success.

Med Data Inc., a provider of medical billing services has acquired revenue cycle management and personalized patient communications company MedDirect, Inc.

Healthcare is costly, especially on an inpatient basis, which is why it is not surprising that an established and growing trend has been the development of outpatient centers.

Tenet Healthcare Corporation today projected that its 2012 adjusted earnings before interest, taxes and depreciation (EBITDA) would be in the range of $1.2 billion to $1.3 billion, a moderate uptick from its expected EBITDA for 2011.

The U.S. market for orthopedic biomaterials will grow at an average of just under 7 percent per year, to total approximately $4 billion by 2016, predicts medical technology market research firm Millennium Research Group (MRG).

Robert Aquino, former CEO of Parkway Hospital in Queens, NY, pleaded guilty earlier this week to bribing former state senator Carl Kruger to obtain his help in keeping the hospital open.

Independent Living Systems (ILS), a national care management company specializing in long-term care, announced Wednesday that it has completed a strategic recapitalization.

Less than one week after an audit report from accounting firm KPMG voiced its serious doubts about its long term viability, West Penn Allegheny Health System announced regional health insurer Highmark will invest $20 million in the first phase of its redevelopment of Forbes Regional Hospital.