Hospitals & Healthcare News

This section covers the managerial aspects in the Healthcare industry.

British healthcare firm Bupa extends 800 mln pound credit line

Thursday, August 06, 2015

British private healthcare group Bupa has extended an 800 million pound 125 billion syndicated credit facility by three years to 2020 at least to strengthen its capital buffers its chief executive said European Union Solvency II regulations for insurers come into force in January 2016 and are expec..

St. Luke’s breaks ground on new Nampa hospital

Thursday, August 06, 2015

St Lukes Health System officials broke ground on a new 96 million hospital in Nampa on Wednesday that will provide expanded health care options for Canyon County and bring more of St Lukes services to the area The new building will be located near the corner of Midland Boulevard and Cherry Lane an..

Team Health Agrees to Buy IPC Healthcare for $1.6 Billion

Wednesday, August 05, 2015

Team Health Holdings Inc agreed to acquire IPC Healthcare Inc for about 16 billion including debt to expand in the business of providing doctor staffing to hospitals and other medical facilities The allcash transaction is valued at 8025 a share the companies said Tuesday in a statement That would r..

Navamedic acquires Swedish medtech company Observe Medical

Wednesday, August 05, 2015

Navamedic ASA acquires Swedish medtech company Observe Medical Says initial purchase price is 35 million Norwegian crowns 425 million with additional payments dependent on performance in coming years Says of 35 million crowns initial payment 25 million crowns is a cash consideration while 10 milli..

Aetna CEO says antitrust process underway in Humana deal

Wednesday, August 05, 2015

Aetna Inc AETN Chief Executive Mark Bertolini said on Tuesday the company is talking to federal and state officials on its 37 billion acquisition of Humana Inc HUMN and that there is enough insurance competition for it to receive approval The process is underway We39ve engaged in conversations with..

Franklin, Tennessee-based Community Health Systems to spin off 38 hospitals

Tuesday, August 04, 2015

Community Health Systems Inc the No 2 US publicly traded hospital operator said on Monday it plans to spin off 38 hospitals and a consulting business into a separate company so that it can focus on larger markets Quorum Health Corp the new publicly traded company will include hospitals primarily in..

Grande Ronde Hospital, Inc. commences clinic operations in Union and Elgin

Tuesday, August 04, 2015

Grande Ronde Hospital is pleased to announce effective August 1 2015 the primary care clinics in both Elgin and Union began serving patients as Grande Ronde Hospital Elgin Clinic and Grande Ronde Hospital Union Clinic With growing regulatory demands on health care providers it has become increasingl..

BC Technical acquires Ohio Valley Medical Systems

Tuesday, August 04, 2015

BC Technical the nations leading nonOEM provider of Medical Imaging Solutions has acquired Ohio Valley Medical Systems one of the largest MRI service providers specializing in Hitachi open MRI systems The addition of Ohio Valley Medical Systems allows BC Technical to expand its nationwide service of..

Molina Healthcare to acquire Medicaid Assets of Integral Health Plan, Inc. in the State of Florida

Tuesday, August 04, 2015

Molina Healthcare Inc and Integral Health Plan Inc announced today that Molina Healthcare of Florida Inc a wholly owned subsidiary of Molina Healthcare Inc has entered into a definitive agreement to acquire certain assets of the Medicaid business of Integral Quality Care As a part of the transaction..

China to expand medical insurance in bid to reform healthcare

Monday, August 03, 2015

China will expand medical insurance to cover all critical illnesses for its population of nearly 14 billion by the end of the year the government has announced The decision is the latest step in a plan to remedy a healthcare system that has sparked public discontent The state council said half of ..

India's SRL Diagnostics lines up Rs 100 crore to add 100 labs by 2016-end

Monday, August 03, 2015

Leading laboratory network SRL Diagnostics is planning to invest around Rs 100 crore to add 100 labs across the country by the end of 2016 as part of its expansion plan We are looking at investing around Rs 100 crore to open 100 labs across the country as part of our growth plans and this does not ..

Cintas Corporation announces agreement to purchase ZEE Medical

Saturday, August 01, 2015

Cintas Corporation announced that it has entered into a definitive agreement to purchase ZEE Medical from McKesson Corporation for consideration of approximately 130 million in cash The transaction is expected to close on August 1 2015 This acquisition with expected annual revenue of 110 million to..

Community Health Systems announces Divestiture of Assets in Payson, Arizona

Saturday, August 01, 2015

Community Health Systems Inc announced that subsidiaries of the Company have completed the sale of substantially all of the assets of Payson Regional Medical Center in Payson Arizona and related outpatient services to Banner Health The transaction follows the termination of a lease agreement with Mo..

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