Capital Finance
In total, the deal is expected to boost the company's revenue to nearly $600 million a year and gives the company a total of 230 branches across 15 states.
Move comes as state ties payment to the size of patient populations covered by health networks.
"You have to match the growth rate to the decline in the utilization rate," says Chief Financial Officer Timothy O'Connor.
Patients' assessments of the quality of the clinical care they received did not improve any more than they did for patients treated in older facilities.
The HHS grants were doled out across all 50 states, with separate amounts earmarked for major metropolitan areas in New York, Los Angeles and Chicago.
Deal gives provider ability to participate in the state's health insurance exchange with its narrow network.
Membership in the company's health plan grew by 510,000 in the year to nearly 9.6 million.
Declining admissions cause medical center to trim beds across departments as revenue, income rise.
Purchase of HealthLine will add a new line of credentialing, privileging, quality management and contact center optimization options.
All healthcare subsectors -- services, IT, medical devices and life sciences -- are benefiting from open equity and demand for products and services.