Capital Finance
Community Health Systems announced Friday that its subsidiary is acquiring the assets of Mercy Health Partners, based in northeast Pennsylvania, from Cincinnati-based Catholic Health Partners.
Kindred Healthcare has announced plans to acquire the St. Louis-based RehabCare Group, creating what officials say will be the largest post-acute healthcare services company in the nation, with more than $6 billion in annual revenues and operations in 46 states.
Kronos, a global provider of workforce management solutions for several industries, has enhanced its healthcare vertical with the planned acqusition of API Healthcare, a Wisconsin-based developer of software that automates staffing and scheduling, patient classification, human resources, recruiting, payroll and staffing agencies.
Hospital mergers and acquisitions saw a marked increase in activity in 2010, according to Deal Search Online, a database maintained by Irving Levin Associates, Inc. The database recently released the five largest hospital transactions reported in 2010.
Taleo, a Dublin, Calif.-based provider of on-demand talent management solutions, has signed a definitive agreement to acquire Cytiva Software, an Emeryville, Calif.-based provider of on-demand recruiting software solutions, for approximately $1 million (Canadian) in cash.
At the end of December, the U.S. Census Bureau released its findings on the 2010 Census. Some of the findings included that the nation's population grew to 309 million, up almost 10 percent from 281 million in 2000.
U.S. HealthWorks, a national operator of occupational healthcare centers, has acquired two medical centers in south Florida.
Investment in healthcare companies fell 7 percent in 2010 to $7.4 billion for 702 deals, according to Dow Jones VentureSource. The industry's smallest sector, Healthcare Services, saw the strongest growth, tripling the capital raised in 2009.
Apple, eBay, HP, Intel, Intuit and Oracle have joined to provide $150 million to help support the building of the New Stanford Hospital, which is being called a global model for patient-centered and technologically advanced healthcare.
Amerinet, a St. Louis-based national group purchasing organization, has begun offering member facilities a program designed to help reduce energy consumption.