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Providence, a 51-hospital system headquartered in Renton, Wash., ended the first nine months of 2022 with an operating loss of…
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Providence, a 51-hospital system headquartered in Renton, Wash., ended the first nine months of 2022 with an operating loss of $1.1 billion, according to financial documents released Nov. 14.
Atlanta's mayor said Wellstar Health System received interest from buyers for its Atlanta Medical Center and had the property valued before announcing it would close the 460-bed hospital Nov. 1, The Atlanta Journal-Constitution reported Nov. 15.
Potential buyers can now submit offers for Singing River Health System, a three-hospital system with locations in Ocean Springs, Pascagoula and Gulfport, Miss., local news outlet WLOX reported Nov. 14.
Portland, Maine-based Northern Light Mercy Hospital has received $1.2 million from Jerry and Pam Bruni toward a new behavioral health program, Mainebiz reported Nov. 11.
Several Michigan health systems have risen from the worst of the pandemic with negative operating margins and millions in losses, the Detroit Free Press reported Nov. 14.
Private equity groups have invested about $1 trillion into nearly 8,000 healthcare transactions in the past decade, and some experts are pushing for more scrutiny of its increasing influence on the industry amid concern it may be causing higher medical…
Iowa City-based University of Iowa is asking a judge to put a hold on its $12.8 million jury award to a Cedar Rapids construction company, Modern Piping, The Gazette reported Nov. 14.
Fitch Ratings upgraded the debt outlook for Loma Linda (Calif.) University Medical Center as the hospital group's new location shows solid operating performance in a high-growth area.
Allentown, Pa.-based Lehigh Valley Health Network, which operates 13 hospitals and numerous other clinical care sites in Eastern Pennsylvania, reported a net loss of $23.6 million for the fiscal year ending June 30, 2022, amid higher labor costs and losses…
Newport Beach, Calif.-based Hoag is spending $1 billion on a project that will add two specialty hospitals and expand its Sand Canyon Medical Center in Irvine, The Orange County Register reported Nov. 14.