Capital Finance

Healthcare services giant says softness in Canadian market was a drag on income.

Lessing comes to the hospital from Louisiana where he most recently served as the CFO of the 223-bed St. Tammany Parish Hospital.

Politician plans to block the merger on the grounds that it would make the state's largest health system too big to function fairly.

While going back decades the sector has seen its slice of GDP narrow, more recent numbers suggest the trend may be reversing.

The hospital owner replaced recently sold grocery chain Safeway for a spot on the index.

The combined organizations will staff more than 1,500 healthcare professionals and will generate more than $904 million in annual revenue.

Analysts mostly agree that this year will be full of healthcare acquisitions as health systems, information technology companies, software firms, medical practices and service providers seek to find out whether bigger is indeed better in the post-Affordable Care Act world.

While the sector is struggling, one expert offers these financial tips for enhancing investment assets to shore up balance sheets at hospitals and health systems.

Chattanooga, Tennessee-based Erlanger Health System on Tuesday said it earned a record $12.7 million profit in its fiscal second quarter, its highest in 30 years and its first profit after posting consecutive losses in the past three years.

Relocation is expected to take as long as a decade