Capital Finance
The U.S Justice Department has broadened its probe of Community Health Systems' outpatient billing practices, according to a company filing with the Securities and Exchange Commission.
The rising demand for medical services to treat aging baby boomers, combined with shifts in approaches to treatments to curb rising costs, will significantly increase the need for new and refurbished medical office buildings in the decades ahead, says a new report.
One day after converting its hostile takeover bid to an all-cash offer of $6 per share for Tenet Healthcare, Community Health Systems filed a motion in U.S. District Court for the Northern District of Texas to dismiss a lawsuit brought by Tenet accusing CHS of improper Medicare billing.
During the first quarter of 2011, $54.4 billion was spent to finance mergers and acquisitions in the healthcare industry, up 65 percent from the $32.9 billion spent in the first quarter of 2010, according to a new report from Irving Levin Associates.
The VA Greater Los Angeles Healthcare System has been awarded $50 million to expand solar panels on rooftop buildings and carports in support of energy efficiency and renewable energy initiatives.
Amedisys, a Louisiana-based home health and hospice company, has signed a definitive agreement to acquire Beacon Hospice.
The Tenet Healthcare Corporation has received a revised proposal from Community Health Systems to acquire all of the outstanding shares of Tenet for $6 per share in cash.
The Engineering Services Network, an Arlington, Va.-based developer of engineering and technology solutions, has won a $4.2 million VistA Financial Annual Enhancements contract to improve the way in which the U.S. department of Veterans Affairs tracks costs and manages claims and billing for its health system.
After two decades of critical nurse and physician shortages, an economic climate of high unemployment would seem to be the antidote for the healthcare sector.
There is one small part of the Affordable Care Act that both Republicans and Democrats seem to agree on: A repeal of a provision that requires small businesses, including physicians, to file an IRS 1099 form for each vendor purchase of $600 or more.