In the midst of medical group contracting changes underway at Palomar Health, some doctors and other medical staff are questioning links to Prime Healthcare, the private operator known for scooping up financially-distressed hospitals and making major staffing, billing and operational changes.
Cano Health has added ~3.3% in the pre-market after the company announced the acquisition of Florida-based primary care provider Doctor's Medical Center (DMC) for $300M on July 02.
Midsize pharmaceutical companies are the industry’s big deal makers this year, replacing larger brethren as new sources of capital emerge. Typically the biggest drugmakers do the most deals by value. Yet large-cap pharmaceutical companies have pulled back on acquisitions this year, as they pay down debt from previous sprees and resist high premiums.
In a five-page letter to Tenet Healthcare, Sens. Ed Markey and Elizabeth Warren along with U.S. Reps. Jim McGovern and Lori Trahan demanded the company provide an explanation of how it used state and federal pandemic-related relief as about 700 nurses remain on strike at Saint Vincent Hospital in Worcester.
The state’s top insurance regulator outlines how the proposed deal could present significant risks resulting in higher health care costs — unless heavily regulated