Industry Trends

The group, which is collectively the largest single shareholder of Cano, said they resigned from Cano’s board after their calls for enhanced corporate governance and financial controls were ignored following the deterioration of Cano’s balance sheet and stock value.

The deal was reportedly going to include a $5.5 billion private loan, one of the largest-ever direct loans in the private credit market.

In addition to the aging U.S. population, management is being forced to take strategic action due to industry factors such as shifting physician employment trends, patient procedures transitioning to lower-cost outpatient care settings, and payor models changing from fee-for-service to value-based care.

A new Moody's report said not-for-profit healthcare organizations are at a "very high risk" for cyberattacks and corporate healthcare organizations are at a "high risk" for cyberattacks.

Put another way, the collective $14.2 billion “fair share” deficit of these hospitals would also be sufficient to wipe the medical debts of 18 million Americans, the think tank said.

Fund II was oversubscribed, surpassing its target of $120 million and exceeding the size of its predecessor fund by over 300%.

The firm brought on board a trio of bankers from Fifth Third Securities' Coker Capital Securities.

Despite a slowdown caused by macro-economic and geopolitical forces in the second half of the year, 2022 was still the second-best year on record for healthcare dealmaking.

More than 100 current and former CommonSpirit facilities in 13 states might have been affected by the recent ransomware attack on the health system, which previously said just two of its organziations may have been compromised.