Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

Ochsner Health System with Select Medical Corp plans to build 60-bed rehab hospital

Tuesday, June 30, 2015

Ochsner Health System has announced plans to open a 60bed acute rehabilitation hospital with Select Medical Corp a publicly held company out of Pennsylvania Construction on Ochsner Rehabilitation Hospital is expected to begin in the first part of 2016 with a target opening later in the year accordi..

HealthSouth and St. John Health System collaborates to Operate Inpatient Rehabilitation Hospital in Broken Arrow, Oklahoma

Tuesday, June 30, 2015

HealthSouth Corporation and St John Health System have formed a joint venture to own and operate a 40bed inpatient physical rehabilitation hospital Initially the joint venture will own and operate The Bernsen Rehabilitation Center at St John a 24bed inpatient rehabilitation unit currently located on..

Ontario Taking Next Step to Build a New Hospital in Vaughan

Tuesday, June 30, 2015

Ontario is moving forward to improve access to hospital services for patients in Vaughan with the release of a request for proposals to the three teams shortlisted to design build finance and maintain the new Mackenzie Vaughan Hospital project Through this project patients in Vaughan will benefit f..

Merge Healthcare, Toshiba America Medical Enter Partnership on Cardiology and Hemodynamic Solutions

Monday, June 29, 2015

Merge Healthcare Incorporated a leading provider of clinical systems and innovations that seek to transform healthcare today announced that it has entered into a strategic partnership with Toshiba America Medical Systems Inc Under this new agreement Toshiba will be able to offer its customers a full..

Saint Clare’s Health System Clears Court Approval for Sale to Prime Healthcare

Saturday, June 27, 2015

The New Jersey Superior Court Chancery Division of Morris County today approved the Community Health Care Protection Act CHAPA application of Prime Healthcare and Saint Clares Health System The courts approval completes the New Jersey regulatory approval process which will allow Prime to acquire Sai..

Europe's Cinven Ltd buys Medical Operator Synlab for About $1.96 Billion

Friday, June 26, 2015

European privateequity firm Cinven Ltd is buying German medical laboratory operator Synlab for about 175 billion 196 billion Cinven will combine Synlab with Frances Labco which it acquired for 12 billion last month according to two people familiar with the situation Londonbased privateequity firm B..

CHG Healthcare Services plans to build new Headquarters in Midvale, Utah

Friday, June 26, 2015

CHG Healthcare Services the nation39s largest privately held healthcare staffing company announced plans to build a new corporate headquarters in Midvale Utah The project is scheduled for completion in spring 2017 Founded in Utah in 1979 CHG employs nearly 1000 people in Salt Lake City and more tha..

Ontario investing up to $501 Million to Expand and Modernize Milton District Hospital

Thursday, June 25, 2015

Ontario is investing up to 5013 million to support the construction of a new fourstory patient care building at Milton District Hospital to give patients faster access to the right care Through this expansion patients in Milton will benefit from A new patient care building to offer priority clin..

DaVita Healthcare Partners to pay $450 million for violating False Claims Act

Thursday, June 25, 2015

DaVita Healthcare Partners Inc the largest provider of dialysis services in the United States has agreed to pay 450 million to resolve claims that it violated the False Claims Act the US Justice Department said on Wednesday It said the Denverbased company whose largest shareholder is Warren Buffett..

India's Tech Mahindra to set up healthcare unit with $94 mln outsourcing deal

Thursday, June 25, 2015

Indian IT firm Tech Mahindra Ltd is setting up a new unit to sharpen its focus on winning contracts in the healthcare industry one of the fastgrowing segments for the outsourcing services providers a senior executive said on Wednesday The unit to be called nth dimension has won an IT services proje..

Memorial Healthcare System boosts profit 91% in fiscal 2015

Thursday, June 25, 2015

The Memorial Healthcare System reported its earnings soared 91 percent in its recent fiscal year after seeing more patients and driving down charity care costs The public health system for southern Broward County earned 1897 million for the 12 months ended April 30 compared to earnings of 996 milli..

Medtronic recalls breathing devices after serious injury reports

Wednesday, June 24, 2015

Medtronic Inc said it was recalling certain lots of its tracheostomy tubes devices used to ease breathing after receiving complaints including reports of 12 serious injuries The medical device maker said it began notifying hospitals and distributors on May 8 that affected lots of its Covidien Shile..

Polish medical device maker HTL Strefa considers listing on Warsaw bourse

Wednesday, June 24, 2015

Polish medical device maker HTL Strefa and online broker XTrade Brokers XTB are both considering listing on the Warsaw bourse with offerings worth up to 200 million euros 224 million each market sources said on Tuesday HTLStrefa is more advanced and may be floated this year XTB may land in 2016 The..

UnitedHealth Group leaves health insurer industry's biggest trade group AHIP

Wednesday, June 24, 2015

UnitedHealth Group Inc is planning to leave the health insurer industry39s biggest trade group America39s Health Insurance Plans or AHIP saying it no longer represents the best interests of the company or its customers UnitedHealth is the nation39s largest health insurer providing health coverage t..

Charterhouse works with JP Morgan on possible $1.1 billion sale of medical company Tunstall

Wednesday, June 24, 2015

British private equity firm Charterhouse CHCAPUL is working with JP Morgan JPMN on options for healthcare company Tunstall in a deal which could value the company at up to 700 million pounds11 billion a source familiar with the matter said on Tuesday Tunstall provides care services and assisted liv..

Baptist Health System and Tenet collaborates to Create New Healthcare Network

Wednesday, June 24, 2015

Baptist Health System and Tenet Healthcare have agreed to create a joint venture that will unite two of the largest players in Birmingham39s health care scene Tenet Healthcare NYSETHC will take a controlling stake in the new system with a 6040 percent split Dallasbased Tenet is the parent company o..

Boston-based PathMaker Neurosystems Inc eyes European market with France expansion

Wednesday, June 24, 2015

As medical device company PathMaker Neurosystems Inc begins exploring clinical trials in the US it has unveiled expansion plans into France that will facilitate the companys move into the European market The Bostonbased company founded in 2014 is hoping to commercialize technology that uses noninva..

Healthcare law spurs merger talks for insurers

Tuesday, June 23, 2015

President Obama signed the Affordable Care Act more than five years ago At the time members of the health care industry hospitals doctors and insurers were anxious about what it would do to the business Everyone had an opinion but nobody knew for sure Were now beginning to see the answer consolid..

Infosys buys healthcare business subsidiary for $100 mn

Tuesday, June 23, 2015

Shareholders approve special resolution to acquire Infosys Public Services Inc Global software major Infosys Ltd on Monday secured shareholders39 approval for buying its healthcare business subsidiary for 100 million Rs 625 crore a company official said The shareholders approved a special resoluti..

Medical systems manufacturer Philips delivers MRI center of excellence to UAE

Tuesday, June 23, 2015

Philips the Dutch lighting electronics and medical systems manufacturer has announced on Monday the opening of its first center of excellence for diagnostic imaging in the region The first of its kind in the Middle East the center will deliver a comprehensive Magnetic Resonance Imaging MRI Technolo..