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Walgreens posts $265 million net loss in Q1
Citing lower retail sales, Walgreens said it has lost $265 million in its first fiscal quarter, which ended November 30 – a sharp decline
Cincinnati Children’s undergoing $365 million expansion
Cincinnati Children’s Hospital plans a major expansion at its Liberty Campus, which will double inpatient capacity and add surgical operating rooms as part of a $365 million project.
The project will also include construction of a large medical office …
Blue Cross Blue Shield of California appoints first female CEO
Blue Shield of California is undergoing a corporate restructuring, and as part of that effort has tapped Lois Quam to serve as its new chief executive officer. Quam, who joined the company in 2024, becomes the first woman in the health plan’s 86-year h…
H1 acquires data management company Ribbon Health
Healthcare technology company H1 has acquired data management software company Ribbon Health for an undisclosed sum with a mix of cash and stock, the company said this week.
Ribbon’s platform facilitates how patients find the right doctor across digita…
Transcarent to acquire Accolade for $621 million
Transcarent, an employee healthcare navigation company, has entered into a definitive agreement to acquire health benefits platform Accolade for about $621 million, or $7.03 per share in cash.
The Boards of Directors of both companies unanimously appro…
CFPB to remove medical debt from credit reports
Under a new rule finalized this week by the Consumer Financial Protection Bureau, medical bills will no longer be included on credit reports, a move the CFPB expects will remove an estimated $49 billion in medical bills from the credit reports of about…
14 states to participate in maternal health model
The Centers for Medicare and Medicaid Services kicked off its Transforming Mental Health (TMaH) Model at the beginning of the year, and this week announced the 14 states that will be participating in the 10-year model.
Richmond University Medical Center data breach affects 674,000
Richmond University Medical Center in New York has experienced a data breach that has potentially exposed the protected health information of more than 674,000 people in and around Staten Island, the facility said.
Lack of oversight found in Massachusetts hospital audit
The Massachusetts State Auditor has conducted a performance audit of the Center for Health Information and Analysis (CHIA), determining that the agency did not adequately monitor the financial conditions of acute care hospitals in the state.
Aetna sues drugmakers over alleged price fixing
Health insurer Aetna has filed a lawsuit against several drug companies, including Pfizer, Novartis and Teva Pharmaceuticals, for allegedly fixing the prices of 111 generic medications and monopolizing and restraining trade.
