finance

Orlando (Fla.) Health has shared plans to spend more than $750 million for a new hospital, freestanding emergency departments and physician offices over the next four years. The facilities will be located throughout Brevard County, Fla., according to an April…

In mid-March, King of Prussia, Pa.-based Universal Health Services named Michael Coffey CFO of its Phoenix-based Valley Hospital, a private psychiatric hospital that specializes in chemical and mental dependency care.  Along with cutting costs, Mr. Coffey told Becker’s that, in…

Carilion Roanoke (Va.) Memorial Hospital is expanding its Crystal Spring Tower as part of a $500 million investment.  The first phase of the tower, which will open this spring, includes an expanded emergency department and the region’s only level 1…

Bristol (Conn.) Health has shared plans to cut 60 positions amid “negative headwinds and harsh realities” affecting hospitals and systems across the U.S. The news comes after the hospital system also cut 60 positions in March 2024 due to ongoing…

Many hospitals in Maine, particularly larger ones, are heavily in debt, poor and working out of older facilities, according to a recent report from the Maine Hospital Association. The Financial Analysis of Maine’s Hospitals 2025, obtained by Becker’s, was conducted…

Amid the ongoing challenges across healthcare, Todd Conklin, CFO of Providence, R.I.-Care New England, is keeping a close eye on potential federal policy changes like Medicaid cuts. “I work in a geographic area, a healthcare market with a disproportionately higher…

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…

Martins Ferry-based East Ohio Regional Hospital and its owner and CEO, John Johnson, MD,  have been hit with a lawsuit following the hospital’s March 14 layoffs and March 21 closure. The lawsuit alleges that the hospital violated the Fair Labor…

Piedmont Athens (Ga.) Regional Medical Center will lay off 95 environmental services department employees, effective June 2, according to an April 2 WARN notice.  The hospital is part of Atlanta-based Piedmont, a health system that comprises 25 hospitals, according to…

Columbus-based OhioHealth has seen a significant growth over the last few years, and acquired its 16th hospital, Mount Gilead, Ohio-based Morrow County Hospital, on Jan. 1. The hospital was its third acquisition over a five- to six-year timeframe, including multiple…