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TN AG Urges Look at Ballad Health Amid Community Concerns Over Monopoly Deal
The AG's office, along with the Department of Health, oversees an agreement called the Certificate of Public Advantage, which allows Ballad to operate hospitals in northeastern Tennessee without the fear of competition in exchange for the company meeting various charitable obligations and quality of health care requirements.
Exclusive: Health Care Industry Trends and Leadership Insights from Aesto and Veradigm
DealFlow Events had an opportunity to discuss healthcare service industry trends, leadership, risk and more with Scott Ferguson, CEO of Aesto Health, and Paul Wiley, VP of Provider Sales of Veradigm.
Both thought leaders are speaking at the upcoming Healthcare Services Investment Conference on Nov. 15 and 16 in NYC, delivering more useful information about succeeding in this evolving industry.
Hospital Profitability on the Rise
For the first three quarters of 2023, hospital operating margins were up 19% and operating EBIDA was up 11% compared to the same period last year, according to Kaufman Hall's October National Hospital Flash Report.
Connecticut Attorney General Investigating Prospect Medical’s ‘Financial Practices’
The apparent widening of the investigation comes as difficulties remain with the proposed sale of three Connecticut hospitals by Prospect Medical to Yale (New Haven) Health System.
Healthcare Staffing PE Deals Persist in Fallout of Bankruptcies
Private equity firms are showing new confidence in clinical staffing companies after a previous wave of such investments struggled.
Radiology Provider Envision Healthcare Successfully Emerges From Bankruptcy
The Nashville, TN-based multispecialty group first filed for Chapter 11 in May, seeking to retool its troubled capital structure. Five months later, the restructuring process is now complete, with Envision reducing its debts by more than 70%.
Expect More Distressed Behavioral Health Assets to Come to Market in 2024
Multiples are down from atmospheric highs, leaving it unlikely that investors will make exits at their desired prices.
Inside the Competitive but Fragmented World of IDD Dealmaking
The intellectual and developmental disability (IDD) field may be one of the most complex and fragmented segments of the behavioral health industry.
HHS Settles $100K Ransomware Investigation with Medical Management Co.
On April 22, 2019, Doctors' Management Services filed a breach report with HHS saying that about 206,695 people were affected when their network server was infected with GandCrab ransomware. The initial unauthorized access to the network occurred on April 1, 2017, but Doctors' Management Services didn't detect the intrusion until December 24, 2018, after ransomware was used to encrypt their files. In April 2019, OCR began its investigation.
Oregon Health Authority Approves AmSurg’s Takeover of 5 ASCs
Approval of the transaction enables the ownership transfer of five ASCs in the state from Envision Healthcare to its ASC-focused subsidiary AmSurg.