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Primary Care-Focused Cano Health Lays off 700 Employees; Explores Sale as Cash Dwindles
The layoffs reportsent 17% of the struggling company's workforce.
MBX Capital III Raising $50M
This is the healthcare-focused VC firm's third fund.
Exclusive: Why Hospital Revenues are on the Rise
While increased operating revenues can be partly attributed to patients finally seeking treatment for elective surgeries delayed during COVID, that is not the only reason. Experts offer additional explanations for why hospital revenues are on the rise.
Hospital Prices Twice as High for Commercial Plans Than MA When Negotiated by Same Payer, Study Finds
On average, prices for commercial plans were between $660 and $707 more expensive than with MA.
Largest For-Profit Hospitals Beat Q2 Expectations
HCA and Tenet, which both posted revenues that surpassed Wall Street estimates, raised their full revenue forecasts for the year in light of their second quarter performance, and UHS raised its lower-bound revenue guidance.
US VC Valuations Start to Stabilize in Q2
Although prices are no longer in a free-fall, the VC valuation glass may still be less than half full amid the near-frozen IPO market, reduced risk appetite from VCs, and a continued pullback from nontraditional investors.
Healthcare M&A Volume Lowest in 3 Years
Not since Q2’20, which was marked by pandemic shutdowns and a sudden recession, has M&A been so restrained.
HealthEdge Investment Partners Closes $160M Fund IV
. Fund IV will remain consistent with the strategy of the preceding three funds — providing the first institutional capital to leading entrepreneurial businesses in attractive segments of the healthcare industry.
HHS Issues Warning on New Ransomware Group Targeting Healthcare
The group drops an eponymous ransomware via phishing attacks and Cobalt Strike to breach targets’ networks and deploy their payloads.
The Case for ASCs Partnering with Orthopedic Groups
Orthopedics is the most common ASC specialty, according to data from the ASC Association.