Industry News

Providence Health & Services Plans No Layoffs in Oregon

According to Hood River News, Providence Health & Services – Oregon and Southwest Washington is refuting an Oregonian article that stated the health system “is preparing an aggressive cost-cutting campaign that will include layoffs” throughout its facilities in seven western states. Providence Oregon emphasized there are no planned layoffs, but…

healthcare executives on the move
Ohio’s Mercy Medical Center Names Hiltz as Interim CEO

Crain’s Cleveland Business is reporting that Mercy Medical Center has appointed Paul C. Hiltz as interim CEO, effective July 24, 2017. Hiltz most recently served as a senior adviser for Mercy Health in Cincinnati. He steps in as president and CEO Thomas E. Cecconi transitions out. Cecconi will step down…

healthcare merger and acquisitions
Billionaire Doctor Snaps up Controlling Stake in Four Bay Area Hospitals

Silicon Valley Business Journal and the East Bay Times are reporting Dr. Patrick Soon-Shiong, a billionaire physician who owns NantWorks, NantHealth, and NantKwest, has acquired a controlling stake in the management company that oversees Verity Health System’s six hospitals. Soon-Shiong infused financial backing into Integrity Healthcare, which operates Verity Health’s…

Hospital Construction
Geisinger and Jersey Shore Integration Approved

According to The Express, the Pennsylvania Attorney General has approved the integration of Jersey Shore Hospital and Foundation into Geisinger Health System, effective July 1, 2017. Designated as a Critical Access Hospital (CAH) by the State of Pennsylvania and the Medicare program, Jersey Shore Hospital provides inpatient acute, emergency, outpatient…

healthcare merger and acquisitions
Magnolia Health Systems Joins CHRISTUS Trinity Mother Frances

As written in the Palestine Herald-Press, Magnolia Health Systems Physicians of East Texas has become a part of the CHRISTUS Trinity Mother Frances Health System, effective July 1, 2017. CHRISTUS Trinity Mother Frances Health System and Magnolia have joined together in this agreement to increase the capacity and ability to…

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