Capital Finance
In a return to the public domain, HCA Holdings has announced an initial public offering of 126.2 million shares of common stock, which began trading Thursday on the New York Stock Exchange at $30 per share.
Two national providers of healthcare services to correctional institutions have announced plans to merge.
Loyola University Chicago and Trinity Health of Novi, Mich., have announced plans to consolidate Trinity and the university’s wholly-owned subsidiary, the Loyola University Health System.
BancTec, a Dallas-based developer of transaction automation and outsourcing solutions, has unveiled Healthcare Remittance Automation, an outsourced service for providers, aggregators and financial institutions to automate and optimize healthcare payment workflow.
Recent news that Medtronic is cancelling several contracts with group purchasing organizations is troubling to say the least. It is a move that hurts hospitals, and in my opinion, it shows that Medtronic wants to avoid a competitive process that has been proven to drive down prices and create transparency.
Kaiser Permanente is planning a structural departure: It wants to build a small hospital rather than its usual large medical center. Since it's stepping out of its comfort zone, the company launched a design competition, "Small Hospital, Big Idea," in February, seeking an open hospital design from students, architects, engineers, designers and multidisciplinary teams for a small hospital to be built in southern California.
The new owner of several Massachusetts hospitals is setting its sights on Miami's financially strapped, government-owned Jackson Health System - but officials in Florida aren't so sure they want to go private.
The non-profit Mayo Clinic has reported that it built on its solid 2009 financial performance to end 2010 in a position of financial strength by holding expenses at a 2.5 percent increase while growing revenue by 4.7 percent.
Ventas, a Chicago-based real estate investment trust with more than 700 assets in 44 states, is acquiring Nationwide Health Properties, which has more than 650 properties in its portfolio.
Rather than focusing on new construction, health systems are renovating or expanding with an eye toward IT advancement and green construction, according to a survey conducted by Health Facilities Management magazine and the American Society for Healthcare Engineering.