Akron, Ohio-based Summa Health has entered a definitive agreement to be purchased by venture capital firm General Catalyst Health Assurance Transformation (HATCo) for $485 million.
Category: Healthcare Finance News
Venture capital firm HATCo to buy Summa Health for $485 million
Akron, Ohio-based Summa Health has entered a definitive agreement to be purchased by venture capital firm General Catalyst Health Assurance Transformation (HATCo) for $485 million.
Nurse burnout linked to lower quality, safety
Burnout among nurses is linked to worse patient safety, and lower healthcare quality and satisfaction, according to a new study published in JAMA Network Open.
What Trump’s election means for healthcare
Tom Leary, head of Government Relations at HIMSS, is tracking what the change in the administration could mean for interoperability and data sharing regulations that are already well underway. He and his team are also looking at what a new Congress mea…
UnitedHealthcare expands ACA presence to 30 more states
UnitedHealthcare will be expanding its individual and Family Affordable Care Act Marketplace plans to 30 additional states, with the increase encompassing new coverage areas in Indiana, Iowa, Nebraska and Wyoming, as well as additional counties in 13 o…
Walgreens pays $100 million to settle class action drug case
Walgreens is paying $100 million to settle a seven-year old class action lawsuit alleging the company inflated drug prices.
Walgreens denies wrongdoing.
The class action suit, Russo v. Walgreens Co., dragged out over seven years in “hard-fought litigat…
Elevance latest insurer to sue over Medicare Advantage star ratings
Elevance Health is the latest insurer to sue the Department of Health and Human Services over Medicare Advantage star ratings.
Elevance, with affiliates Community Insurance Company in Ohio and Wellpoint in Texas, filed the lawsuit last week in federal …
$47.5 million grant allows Rutgers to turn lab discoveries into practical healthcare
Leaders from Rutgers University and the broader New Jersey community convened last week to celebrate a $47.5 million federal grant for the Rutgers Institute for Translational Medicine and Science, which will be used to transform laboratory discoveries …
Aetna underperforms, plans recovery as CVS Health logs $95.4B in revenue
CVS Health saw revenues climb 6.3% as compared to last year, posting $95.4 billion in revenue for the third quarter, even as its health benefits segment underperformed, due principally to high utilization.
Home health agencies get half a percent pay increase
Home Health agencies get a 0.5% payment increase in the 2025 Home Health Prospective Payment System final rule.
