Industry News

healthcare merger and acquisitions
Lifespan: We’ve Made a Bid for Care New England

The Providence Journal is reporting Lifespan has made an offer to merge with Care New England, a combination that has failed in the past. In January 2017, a planned merger between Care New England and Southcoast Health System failed to materialize and was called off. Care New England could not…

healthcare executives on the move
PeaceHealth Names New Executive Vice President, COO

The Columbian is reporting PeaceHealth named Richard DeCarlo as Executive Vice President and Chief Operating Officer effective May 30, 2017. DeCarlo holds over 25 years in healthcare leadership experience and most recently served as Executive Vice President, Chief of Hospital Operations at UCSF Benioff Childrens Hospital – Oakland.

healthcare legal - regulatory
Quorum Health Corporation Has Completed Its Investigation

Quorum Health Corporation (NYSE: QHC) has today announced that its Board of Directors, acting through three independent outside directors, has completed its investigation of certain matters related to the “spin-off” of the Company from Community Health Systems, Inc. in April 2016, which were raised in a letter dated October 12,…

healthcare executives on the move
UC Health Adds to Senior Leadership Team

As written in the Cincinnati Business Courier, UC Health has hired Ann Smith as senior vice president for inpatient services. She will oversee all inpatient operations, including at the flagship University of Cincinnati Medical Center as well as West Chester Hospital and the Daniel Drake Center for Post-Acute Care. The…

Samaritan Health Services Cuts Costs to Avoid Layoffs

The Lebanon Express is reporting Samaritan Health Services is taking severe measures to avoid layoffs and maintain the highest quality of care for patients. The steps to reduce the financial hardship blamed on declining Medicaid revenue include a hiring freeze on positions deemed noncritical, travel and conference budget constraints, and…

Trios Health Announces Layoffs Amid Financial Struggle

KEPR TV reports Trios Health announced a reduction of employee hours and layoffs due to poor financial performance and a critical cash shortage. The Interim CEO and Chief Restructuring Officer, Craig Cudworth, also announced the hospital does not have plans to file bankruptcy, but could be forced to if creditors…

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