Philadelphia-based University of Pennsylvania Health System's proposed acquisition of Doylestown (Pa.) Health is expected to be credit positive for Doylestown and credit neutral for UPHS, according to Moody's. 

New Orleans-based Ochsner Health is eliminating about $366 million of medical debt for patients across the system, The Times-Picayune reported Aug. 21.

Greensboro, N.C.-based Cone Health reported a nine-month operating income of $15.2 million (0.7% margin) up from $11.5 million (0.6% margin) posted over the same period in 2023, according to its Aug. 23 financial report. 

Moody's upgraded Baltimore-based Mercy Health Services' rating to "A3" from "Baa1."

Two weeks after Kettering Health shared plans to replace Greene Memorial Hospital in Xenia, Ohio, with a $44 million medical facility, city officials have implemented a 60-day moratorium on standalone emergency room facilities.

Tenet Healthcare saw its stock price hit a 23-year high this week, landing at $160.50 as of Aug. 23.

Dallas-based Steward Health Care's closure plans for Trumbull Regional Medical Center and Hillside Rehabilitation Hospital, both in Warren, Ohio, will result in 944 employees being laid off, according to WARN notices filed Aug. 21 and Aug. 22.

Private equity firm Arsenal Capital Partners has signed a definitive agreement to acquire revenue cycle management company Knowtion Health. 

San Diego-based Scripps Health posted an operating income of $75.8 million (6.2% margin) in the third quarter of 2024, up from an operating loss of $33.9 million (-3.2% margin) posted over the same period last year. 

Pennsylvania Attorney General Michelle Henry shared in an Aug. 22 bankruptcy court notice, obtained by Becker's, that Dallas-based Steward Health Care is seeking $1.5 million from the state by Aug. 23 or the health system will submit a closure notice for Sharon (Pa.) Regional Medical Center. 

Shelly Soileau, CFO of Opelousas (La.) General Health System, has been in her new role for just over two months, but with 25 years of healthcare experience under her belt, she's hit the ground running with a major focus on one glaring industry challenge: patient transportation.

New Jersey Gov. Phil Murphy on Aug. 20 announced that thousands of eligible individuals and families in the state will have some or all of their medical debt eliminated as part of an initiative to make healthcare more affordable and accessible.

CMS released a report on Aug. 20 detailing complaints related to No Surprises Act and ACA compliance. 

Midland, Mich.-based MyMichigan Health saw an operating income of $26.7 million (6.6% operating margin) in the fourth quarter of 2024 ended June 30, a 454.8% increase from an operating income of $4.8 million (1.4% operating margin) during the same time period in 2023, according to the health system's Aug. 20 financial report. 

HCA Healthcare revealed in February executive incentive pay would be tied to quality and financial metrics for 2024. Top executives must hit specific targets to achieve their performance awards, with 80% focused on EBITDA targets and 20% on quality metrics targets.

Going back a decade, health systems like Providence "probably had a mindset where we needed to do everything ourselves," CFO Greg Hoffman told Becker's. 

Lawmakers are continuing to press for tougher regulations on MultiPlan, the New York Times reported Aug. 21. 

Dallas-based Steward Health Care plans to close Trumbull Regional Medical Center and Hillside Rehabilitation Hospital, both in Warren, Ohio, on or around Sept. 20 after the facilities failed to attract qualified buyers, the health system said in an Aug. 21 statement shared with Becker's.

Fort Myers, Fla.-based Lee Health is moving forward in its conversion from a public nonprofit to a private nonprofit health system.

New York City-based Apollo Global Management, an alternative investment manager, has rejected the $4.5 million proposal from Massachusetts Gov. Maura Healey's administration to take over Dallas-based Steward Health Care's Boston-based St. Elizabeth's Medical Center.