Cleveland Clinic and healthcare supply chain network VHA have established a limited liability company together in a joint venture that will establish a "strategic sourcing model."

Healthcare spending on Medicare and Medicaid has grown slower than many have predicted, and the most recent report from the Congressional Budget Office (pdf) shows federal spending for the two programs was 5 percent lower than it estimated in March…

Dallas-based Tenet Healthcare (pdf) has completed its previously announced private debt offering of $850 million in senior secured notes, which have a 4.5 percent interest rate and are due in 2021.

In an address yesterday, President Barack Obama urged Congress members to find a "balanced mix of spending cuts and tax reform" in order to avoid impending automatic budget cuts.

SunLink Health Systems, a for-profit hospital network based in Atlanta, announced (pdf) it is offering to purchase thousands of its common shares in an effort to take the struggling company private.

The U.S. Department of Housing and Urban Development has issued a final rule on the Federal Housing Administration's Section 242 Hospital Mortgage Insurance Program, which will expand how acute-care hospitals can refinance and acquire low-interest loans.

Only weeks after enforcing layoffs to deal with deteriorating finances, Calhoun Memorial Hospital in Arlington, Ga., officially closed its doors, effective this past Friday, according to an Albany Herald report.

Phil Roe leads the financial operations of Vanguard Health Systems, the publically traded hospital network based in Nashville, Tenn.

Health insurance giant Aetna announced it has added Loyola University Health System, based in Maywood, Ill., to its network, effective March 1.

Tampa, Fla.-based health insurer WellCare Health Plans has completed its acquisition of Minnetonka, Minn.-based health giant UnitedHealthcare's Medicaid business in South Carolina.