Moody’s upgraded Doylestown (Pa.) Health’s rating to “A3” from “B2” following Philadelphia-based Penn Medicine’s acquisition of the system.  Doylestown and Penn signed a nonbinding letter of intent in January 2024 to merge. Doylestown Health said that it had met certain…

Upland, Pa.-based Crozer Health has secured $6 million in funding to keep its two hospitals temporarily operational, but will transition out services like OB-GYN to avoid a shutdown, NBC Philadelphia reported April 10. The news comes after a lawyer for…

Despite economic volatility, Fitch still expects healthcare providers to experience a “modest margin expansion” this year due to easing inflationary pressures and reimbursement increases, according to an April 9 report. The firm anticipates healthcare providers will see Medicare and commercial…

Sioux Falls, S.D.-based Sanford Health is laying off about 96 people in leadership and administrative roles as part of its integration with Marshfield (Wis.) Clinic, the health system said in an April 8 statement shared with Becker’s. The move involves…

As reimbursement pressures mount and administrative burdens grow, hospitals and health systems are adopting a firmer stance in negotiations with payers — especially around Medicare Advantage. Some are even walking away from low-yield contracts, prompting renewed urgency from some payers…

Houlton (Maine) Regional Hospital has shared plans to close its inpatient labor and delivery unit,  effective May 2.  “Over the past several years, like many rural hospitals in Maine and across the nation, we have watched our labor and delivery…

New York City-based Mount Sinai Beth Israel has closed after it received approval from the Appellate Division of New York State Supreme Court, a spokesperson for Mount Sinai said in an April 8 statement shared with Becker’s.  Beth Israel had…

In March 2024, Milwaukee-based Froedtert ThedaCare Health broke ground on an $84 million hospital in Oshkosh, Wis. The facility will bring around 60 new jobs and is expected to be complete in late 2025. Becker’s connected with Robert Cavagnol, MD,…

Most health systems saw revenue climb in 2024 as patient volumes rebounded and provider productivity improved — a sign of recovery across the industry. But for many organizations, rising expenses still outpaced these gains, underscoring the ongoing financial pressures facing…

Hospital average operating margins dropped from 3.4% in January to 2.5% in February, but are still above 2024 averages, according to Kaufman Hall’s “National Hospital Flash Report.” Kaufman Hall, a Vizient company, gathered financial performance data from 1,300 hospitals. The…