Moody’s Investors Service has downgraded the ratings on Prime Healthcare’s probability of default rating to “B2-PD” from “B1-PD” as well as its ratings of the system’s senior secured notes to “B3” from “B2.”
Category: ROOT
Teva names CEO
Teva Pharmaceuticals named Richard Francis as its next president and CEO, effective Jan. 1.
29 amoxicillin and clavulanate products on back order
Among three drugmakers, 29 amoxicillin and clavulanate oral presentations are on allocation or back order, according to the American Society of Health-System Pharmacists.
UK investigates possible Ebola case
The UK Health Security Agency is investigating a possible case of Ebola in an individual with a travel history to Africa who was displaying “early symptoms” of the disease, according to a Nov. 17 report from The Telegraph.
The risks of boomerang CEOs
Bob Iger’s comeback as CEO of Disney is the latest example of chief executives boomeranging as rehires to take the helm at the same organizations they previously led. While hardly a common practice, there have been enough boomerang CEOs to draw finding…
Private equity firms attracted to health systems with successful specialty businesses
The private equity industry has an estimated $1.78 trillion lined up for potential investments — a 35 percent increase over September 2021 — and analysts will be closely monitoring the healthcare sector for more transactions in the coming months, accor…
H3N2: 3 notes on the dominant flu strain
The majority of U.S. influenza cases detected this season have been H3N2, an influenza A variant associated with more severe illness.
22 states ask CMS to withdraw healthcare worker vaccine mandate
A coalition of 22 states has filed a petition seeking to repeal the Biden administration’s rule that requires employees to be vaccinated against COVID-19 if they work in healthcare facilities that receive Medicare or Medicaid funding.
Pennsylvania merger would form 5-hospital system with $1B in annual revenue
Greensburg, Pa.-based Excela Health and Butler (Pa.) Health System have signed a definitive agreement to merge into a five-hospital system that is projected to generate more than $1 billion a year in revenue, triblive.com reported Nov. 21.
3 RCM companies making executive moves
Three revenue cycle management companies — including R1 RCM — have announced executive leadership changes since Nov. 8.
