Capital Finance
The 2014 revenue growth for nonprofit and public health systems is a steep jump from the sector's all-time low in 2013.
Operating income across Pennsylvania's 35 for-profit and 135 nonprofit hospitals decreased about 5 percent in fiscal 2014 from $1.8 billion to $1.7 billion, according to new data released by the Pennsylvania Health Care Cost Containment Council.
The further reimbursement cuts are expected push margins of an estimated 40 percent of all home health providers into loss territory.
A number of big deals, involving both for-profit and nonprofit health systems, have recently fallen apart amid pushback from regulators and skepticism from researchers, who note a lack of evidence about long-term quality and cost impacts.
The deal comes five years after Humana spent $790 million to buy Concentra, a network of 300 urgent care and physical centers and 245 work-site clinics in 38 states.
Banner finished 2014 with $8.8 billion in total assets.
Many startups aimed at bringing hospitals and physicians software and management services to adapt to new Medicare and insurance payment models.
The nine-hospital Massachusetts-based health system owned by Cerberus Capital Management, lost $52 million in 2013 on $2.1 billion of revenue, according to data disclosed to the Massachusetts Center for Health Information and Analysis.
Shares of Farmingdale, New York-based Enzo Biochem fell as low as 17 percent on Tuesday after a federal appeals court threw out a patent infringement ruling it won against Applera.
A few academic medical centers, physician networks and health plans are thinking differently about venture capital by coming up with new ways to spark healthcare entrepreneurship.