Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Dubai-based Aster DM Healthcare in talks with PE investors to raise $200 million

Tuesday, December 22, 2015

Aster DM Healthcare a Dubaiheadquartered healthcare group promoted by NRI physician and businessman Azad Moopen is in talks with private equity investors to raise 200 million three people with direct knowledge of the development said The company is in talks with top PE funds to raise money through ..

U.S. health regulators probe Theranos complaints

Monday, December 21, 2015

The US Food and Drug Administration is investigating complaints filed by two former employees of privately held laboratory operator Theranos Inc the Wall Street Journal reported citing people familiar with the matter In September a complaint filed by a former Theranos employee to the Centers for Me..

Tenet Healthcare and Aetna sign Multi-Year National Agreement

Monday, December 21, 2015

Tenet Healthcare Corporation and Aetna signed a new fouryear agreement providing Aetnas commercial Medicare Advantage Medicaid and Coventry members with innetwork access to Tenets 87 hospitals more than 2130 employed physicians and 218 of the companys outpatient centers We are pleased to have exten..

U.S. HealthWorks acquires Immediate Medical Care in Los Angeles

Saturday, December 19, 2015

US HealthWorks one of the largest operators of occupational healthcare and urgent care centers in the United States announced today it has acquired Immediate Medical Care in Los Angeles Immediate Medical Care operates an occupational and urgent care center at 434 South San Vicente Blvd Suite 100 in..

Hospitals to pay U.S. $28 million to settle false spinal treatment claims

Saturday, December 19, 2015

A group of 32 hospitals will pay a total of 28 million to settle allegations that they submitted false claims to Medicare for a type of spinal fracture treatment the US Department of Justice said on Friday The hospitals located in 15 states frequently billed Medicare for inpatient stays following a..

Havas acquires U.S.-based Gemini Healthcare LLC

Saturday, December 19, 2015

Havas SA acquires USbased Gemini Healthcare LLC Says Gemini Healthcare which has revenue in excess of 5 million has offices in NY and Connecticut and its main clients include Jazz Astra Zeneca and Pfizer reuterscom ..

St. Bernards Medical Center begins $130 Million Expansion, Renovation Project in Jonesboro

Friday, December 18, 2015

St Bernards Medical Center in Jonesboro on Thursday announced a 130 million fourphase construction plan that will add a new fivestory surgical and intensive care centers tower expand its cancer center renovate existing structures and give the center a new front door on Jackson Avenue Work on the fi..

OncoSec Medical Incorporated opens new Headquarters and Research Center in San Diego, California

Friday, December 18, 2015

OncoSec Medical Incorporated a company developing DNAbased intratumoral cancer immunotherapies opened its new headquarters and research facility in Sorrento Mesa San Diego California According to company officials as a result of the Company39s growth over the past year OncoSec moved into a new offi..

TeamHealth acquires Everest Inpatient Physicians and Geriatric Essentials

Friday, December 18, 2015

TeamHealth Holdings Inc a leading physician services organization announced the acquisition of Houston Texasbased Everest Inpatient Physicians and Jackson Tennesseebased Geriatric Essentials These acquisitions mark the organization39s first in the acute and postacute care space following TeamHealth3..

Jamestown's WCA Hospital joining Pennsylvania-based UPMC System

Friday, December 18, 2015

WCA Hospital will join the University of Pittsburgh Medical Center UPMC becoming the first New York hospital to join the 12 billion Pennsylvania health system The 317bed Jamestown hospital announced Thursday a new affiliation agreement building on a relationship that began in 2012 with UPMC Hamot i..

Metro Pacific Hospital buys 51% stake in Bulacan hospital, Malolos Inc. for P150 million

Thursday, December 17, 2015

Metro Pacific Hospital Holdings Inc the hospital investment unit of conglomerate Metro Pacific Investments Corp is acquiring 51 percent of Sacred Heart Hospital of Malolos Inc for P150 million Metro Pacific said in a disclosure to the stock exchange the unit signed an investments agreement with the..

Pocono Health System and Lehigh Valley Health Network sign agreement to merge

Thursday, December 17, 2015

Pocono Health System PHS and Lehigh Valley Health Network LVHN today announced they have signed an agreement for a fullasset merger pending regulatory approvals The PHS Board of Directors and LVHN Board of Trustees in separate meetings this month authorized the agreement In May the two organizatio..

Gov. Mike Pence announces plans to build new 159-bed mental health facility on Indianapolis east side

Thursday, December 17, 2015

Gov Mike Pence announced Wednesday the states plan to build a new public mental health facility on Indianapolis east side This new institute will serve as the centerpiece of our ongoing commitment to improve mental health care and address the scourge of addictions in Indiana said Gov Pence This new..

Saint Francis HealthCare Partners and UnitedHealthcare collaborate to improve Patient Care in Connecticut

Thursday, December 17, 2015

Saint Francis HealthCare Partners SFHCP and UnitedHealthcare are collaborating to improve care coordination and enhance health services through a new accountable care relationship that will benefit more than 8500 Connecticut residents enrolled in UnitedHealthcares employersponsored and Oxford health..

AMRI acquires Whitehouse Laboratories for $56 Million

Wednesday, December 16, 2015

AMRI announced that it has acquired all the outstanding equity interests of Whitehouse Laboratories a leading provider of testing services that includes chemical and material analysis method development and validation and quality control verification services to the pharmaceutical medical device and..

HBM Healthcare: Cathay Industrial Biotech completes equity financing of $135 mln

Wednesday, December 16, 2015

Cathay Industrial Biotech to set foundation for further successful corporate development with financing of 135 million Cathay Industrial Biotech announced completion of a significant equity financing of 135 million with Shanxi Lu39an Mining Group Co Proceeds will be used to expand production capac..

Ascom acquires Italian medical software company UMS

Wednesday, December 16, 2015

Ascom Holding AG acquires Italian medical software company UMS United Medical Software With acquisition of UMS Ascom will gain access to new software and competence for global integrated workflow solutions in healthcare ICT Purchase price amounts to midsingle digit millions in Swiss francs In add..

WHO to distribute medical supplies in Yemen under ceasefire

Wednesday, December 16, 2015

The World Health Organisation said on Tuesday that under a UNbrokered ceasefire it had begun delivering urgent medical supplies in Yemen where health services have collapsed leaving many vulnerable to diseases from diabetes to malaria Yemen39s warring parties Houthis allied to Iran and the official..

Singapore's Temasek Holdings to buy Hyderabad-based CARE Hospitals for S$378.4 million

Tuesday, December 15, 2015

Singapore39s Temasek Holdings is set to acquire a controlling 72 per cent stake in Hyderabadbased CARE Hospitals from the current private equity owner Advent International for Rs 1800 crore edging past competing offers from Abraaj an emerging markets private equity group Temasek had earlier teamed ..

St. Jude Children’s Research Hospital opens first proton therapy center for children

Tuesday, December 15, 2015

St Jude Childrens Research Hospital officials and guests today marked the opening of the St Jude Red Frog Events Proton Therapy Center the first proton therapy center in the world dedicated solely to children with cancer Patients are now being treated at the center using precisely delivered highene..

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