The drugstore giant CVS Health said on Monday that it would acquire Signify Health, which runs a network of doctors making house calls, for roughly $8 billion in a deal that cements the pharmacy chain’s move away from its retail roots.
A lack of qualified healthcare workers, which began before the pandemic and worsened after COVID-19 hit, and the resulting shortage of staffed hospital beds are putting thousands of patients at risk.
Mon Health System and CAMC Health System officially became Vandalia Health at 4 p.m. Wednesday. CAMC Health System President and CEO Dave Ramsey made the announcement Thursday morning during the West Virginia Chamber of Commerce 2022 Summit.
Department of Human Services Secretary Cindy Gillespie said department officials have heard from some hospitals that are reaching the stage where they are looking at whether they will have to close their doors, and most of these hospitals are in rural areas of the state, are not connected to a large hospital system, and had "a very thin margin to work with" going into the COVID-19 pandemic.
Wes Nall has been named as the Chief Financial Officer for ECHCA. Nall will be responsible for the areas of finance, materials management, information technology, health information management and revenue cycle for the organizations under ECHCA. He will assume the role from Stephen Fischer who is set to retire later this year.
One of two level one trauma centers in metro Atlanta is closing, hospital officials confirmed on Wednesday night. Wellstar Health System announced their intention to close Atlanta Medical Center in Downtown Atlanta on November 1. In the meantime, they say they will gradually “wind down” services offered at the hospital. They say that in the past six years of operating the hospital, they have invested more than $350 million to support losses. Officials add that in just the last 12 months, the hospital has lost more than $107 million.