Toledo, Ohio-based ProMedica plans to transfer the real estate and management of all its skilled nursing facilities with Welltower to the real estate investment company, effective Dec. 19, 2022.
Category: ROOT
Be alert for Ebola, CDC reminds clinicians
The CDC issued an Ebola update for clinicians Nov. 7, encouraging them to remain alert amid rising cases in Uganda.
R1 RCM reports $29.5M net loss in Q3
R1 RCM saw a net loss of $29.5 million in the third quarter of 2022, down from net income of $17 million over the same period last year, according to its financial report released Nov. 8.
Jefferson Health president departing for Highmark Health
Bruce Meyer, MD, president of Jefferson Health in Philadelphia and senior executive vice president of Thomas Jefferson University, has accepted a new role with Pittsburgh-based Highmark Health overseeing payer-provider strategy.
Tech layoffs indicate worsening economic headwinds
Recent layoffs at Lyft, Intel, Twitter, and a corporate hiring freeze at Amazon indicate a worsening economic outlook for big tech, the Wall Street Journal reported Nov. 4.
Walgreens CEO calls Summit Health deal ‘transformational’: 5 key moves behind it
VillageMD, the primary care disruptor controlled by Walgreens Boots Alliance, is set to acquire physician practice group Summit Health in a $8.9 billion transaction, which in turn will give Walgreens one of the biggest stakes in the combined company.&n…
Growth of cross-market hospital systems could have anticompetitive effects, study finds
Cross-market hospital systems have been on the rise, potentially decreasing competition between systems, researchers in a Nov. 7 Health Affairs study found.
St. Louis hospital owner accused of diverting $1.4M of hospital funds
The owner of a St. Louis-based hospital is accused in a lawsuit of diverting funds meant to improve the hospital, according to the St. Louis Business Journal.
Oak Street reports $130M net loss even as revenues rise significantly
Oak Street Health, which operates a network of over 160 primary care clinics for Medicare patients across 21 states, reported a net loss of $130.4 million for the third quarter ending Sept. 30. The net loss for the first nine months of the year was $37…
R1 RCM names new CEO, president
R1 RCM President Lee Rivas will take over the role of CEO on Jan. 1, when current CEO Joseph Flanagan steps down from the position.
