Capital Finance
Cardinal Health is building its drug distribution portfolio with the acquisition of Kinray, Inc., a Whitestone, N.Y.-based privately held distributor of branded and generic medicines to more than 2,000 retail independent pharmacy customers.
Moody's Investor's Service predicts that the outlook for the global pharmaceutical industry remains negative, primarily due to the sector's increasing exposure to major patent expirations.
BayCare Behavioral Health has been awarded a grant from the Substance Abuse and Mental Health Services Administration in the amount of $200,000 to develop the Veteran, Family and Community Network (VFCN).
Portico Systems, a Philadelphia-based developer of integrated provider management solutions, has announced the launch of its Master Data Management (MDM) solution.
The California HealthCare Foundation has launched a $10 million investment fund focusing on nonprofit organizations and for-profit companies with innovative services and devices that might significantly reduce costs and improve access to care in California.
Charitable pledges to nonprofit hospitals and healthcare systems declined last year during the recession, forcing fundraisers to spend significantly more money in fiscal year 2009 than in past years to secure gifts and grants.
Kaiser Foundation Hospitals and Health Plan last week reported a combined total operating revenue of $11.1 billion for the third quarter of 2010, compared to $10.5 billion in the same period in 2009.
NextGen Healthcare Information Systems of Horsham, Pa., has announced a partnership with Philadelphia-based InstaMed to offer healthcare providers payment assurance through InstaMed's healthcare payments platform.
WellPoint's third-quarter net income has exceeded company forecasts, due in part to operational efficiencies and less need for the insurer's services.
The Tenet Healthcare Corporation this week reported adjusted earnings of $203 million for the third quarter of 2010, a decrease of $37 million, or 15.4 percent, compared to $240 million for the third quarter of 2009.