Fletcher Allen Health Care in Burlington, Vt., is planning over $120 million in capital improvements, according to a VTDigger report.

Clorox Company's net income in the second quarter of the fiscal year 2013 rose by 17 percent from the same period last year to $123 million.

Financing poses the first challenge to moving forward with plans to build a new facility or an addition to an existing facility. For many new facilities and expansions, fundraising is one aspect of the financing plan.

NYU Langone Medical Center in New York City has received a $17 million gift from Steven Cohen and his wife, Alexandra, to establish a new mental health research center for veterans.

Chicago-based Northwestern Memorial Healthcare is giving a grant of $167 million to Evanston, Ill.-based Northwestern University, according to a Crain's Chicago Business report.

Irving, Texas-based CHRISTUS Health announced it has signed a memorandum of understanding with Pontificia Universidad Católica de Chile, a Chilean university in Santiago, to form a joint venture for the ownership, operation and expansion of PUC's health network.

The Healthcare Group Purchasing Industry Initiative, a non-profit, voluntary organization, has released its seventh annual "Report to the Public," which found that group purchasing organizations have consistently maintained high ethical standards and have promoted new innovative technologies for healthcare.

Dublin, Ohio-based drug supplier Cardinal Health announced it has agreed to acquire medical supplies distributor AssuraMed for $2.07 billion and expectsthe deal to close by April.

Franciscan Health System in Tacoma, Wash., plans to expand into Auburn, Wash., opening a primary- and specialty-care facility in the community, according to a News Tribune report.

Many hospitals and health systems across the country are plagued with financial concerns, especially when it comes to pension obligations, post-employment benefits and other capital needs.