Capital Finance
The new building will house most pathology test and biopsy processing and will unite in one facility the more than 450 faculty and staff who currently work in 10 locations.
Same-facility admissions at HCA's 165 hospitals increased 5.1 percent in the first quarter, same-facility equivalent admissions grew 6.8 percent, and same-facility emergency room visits increased 11.5 percent, while revenue per equivalent admission increased 1.6 percent.
CEO Ram Raju wants to grow the health system's patient base to 2 million people and double the enrollment of its Metroplus health plan.
Facing a $170 million budget shortfall, Connecticut Governor Dannel Malloy and other lawmakers are floating a raft of ideas to save money, including an increase in the state hospital tax, Medicaid funding cuts, limits on hospital tax credits and a new way for municipalities to tax hospital property.
Ventas, a Chicago-based healthcare real estate investment trust, is set to acquire Ardent Medical Services and its Ardent Health Services affiliates for $1.75 billion in cash.
Importance chief financial officers are placing on investments represents a major shift in the past 10 years, experts say.
According to the nonprofit healthcare provider, operating revenue was $4.3 billion in the second quarter compared to $3.5 billion in the prior period.
Much of the turnaround can be attributed to expanded insurance coverage under the Affordable Care Act, and to a lesser extent, an improved economy,
Fitch also raised concerns about the deal coming at a time when Tenet is still integrating Vanguard Health Systems, which it acquired for $4.3 billion in 2013.
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.