Jeff Lagasse
New York-based private equity firm Welsh, Carson, Anderson and Stowe has signed on to provide financing to senior care company Innovage, which will allow them to expand their services and pivot from a nonprofit to a for-profit entity.
The senior population in Connecticut is growing, and West Hartford-based Brookdale Chatfield is responding by investing $26.6 million to expand its assisted living and dementia care services -- a move the outfit expects will create dozens of jobs.
Winning health systems this year include: AtlantiCare Health System in Atlantic City, New Jersey; Geisinger Health System in Danville, Pennsylvania; Presbyterian Healthcare Services in Albuquerque, New Mexico; St. Elizabeth Healthcare in Edgewood, Kentucky; and Trinity Mother Frances Hospitals and Clinics in Tyler, Texas.
Valeant Pharmaceuticals on Monday said it will offer hospitals deeper discounts for the heart drugs Nitropress and Isuprel, with hospitals now eligible for rebates between 10 and 40 percent based on the volume of the drugs purchased over the course of one quarter.
As hospitals and health systems invest heavily in patient engagement initiatives to deliver a better clinical experience -- and in many cases, to drive revenue -- sometimes just changing how medical professionals interact with patients can have the biggest impact.
Hospital merger and acquisition activity held steady in the first quarter of 2016, according to data from Irving Levin Associates, though the total dollar volume of these deals dropped 67 percent to $1.2 billion.
Despite an overall drop in doctor's visits, emergency visits and hospital care, children's healthcare spending rose in 2014, according to a new report by the Health Care Cost Institute that claims rising prices bridged the gap in utilization.
Oklahoma City-based Foundation HealthCare, which runs surgical hospitals and ambulatory surgery centers, has acquired a majority interest in Ninety Nine Healthcare Management, a Dallas-based healthcare management company focused on physician practices.
Memorial Hermann Katy Hospital in Katy, Texas recently completed an $85 million expansion project to meet the needs of the growing community. EarthCam's construction camera was onsite to document the project with HD imagery from September 2014 to March 2016
The rechristened Brian Allgood Ambulatory Clinic encompasses 51,000 square-feet of new space, and houses optometry, dermatology, physical therapy, podiatry and orthopedic clinics, along with providing office space for TRICARE, a program which offers comprehensive health coverage to uniformed service members and their families.