FTC sues to block John Muir Health’s acquisition of Tenet hospital
Regulators allege the $142.5 million deal to buy the remaining stake in San Ramon Regional Medical Center would further reduce competition in and drive up prices.
Mayo Clinic posts $4.5B in operating revenue for Q3
After a rocky 2022, the Minnesota-based nonprofit has posted a net income in three consecutive quarters on sustained volumes and moderating expenses.
Novant Health to buy three Tenet hospitals in South Carolina for $2.4B
Proceeds from the purchase will go toward paying debt, according to Tenet.
Top FDA official Woodcock to retire early next year
The 37-year veteran helmed the agency’s pandemic response, and was a key decision-maker in controversial calls on opioids, an Alzheimer’s therapy and muscular dystrophy drugs.
‘Finger-pointing and blame-shifting’: House subcommittee voices frustration over VA Oracle EHR rollout
Witnesses at the hearing said system performance has improved, but lawmakers called the persistent outages “unacceptable.”
FDA-ordered report tackles how to manage cybersecurity risks of legacy devices
The report proposes multiple actions for protecting older medical devices, including research into more modular devices and collecting data on cyber risks.
CommonSpirit kicks off 2024 fiscal year with $738M loss
The nonprofit operator hopes that a California provider fee program, due to pay out later this fall, will lessen its losses.
CMS proposes stricter network adequacy standards for plans in state-run ACA exchanges
Beginning in 2025, plans sold in state-based exchanges would be required to meet time and distance standards for provider access under a new rule proposed Wednesday.
New rule requires nursing homes to disclose ownership
The final rule comes in response to growing concerns about the role of private equity firm ownership in nursing homes.
Centene names new COO following leadership turnover
Current SVP Susan Smith will take the reins as the health insurer’s chief operating executive starting next year.