If private equity firms fail to improve their targets, they will lose both money due to the low proceeds from selling them and reputation capital, critical for future deals.
Workers at Palmetto General Hospital — which is managed by bankrupt Steward Health Care — are struggling with broken elevators, late overtime checks, and staffing shortages.
The sales process is off to a rocky start, and public officials and health careleaders are growing concerned that not all of Steward's hospitals will attract buyers.
Oregon’s major research hospital will operate at a $25 million loss for the next fiscal year and move forward with cutting 500 positions while it seeks regulatory approval to merge with another of the region’s major health systems.
Nearly 200 people have been charged in a sweeping nationwide crackdown on healthcare fraud schemes with false claims topping $2.7 billion, the Justice Department said on Thursday.