CVS Health cut its earnings forecast for the year as it looks to pay for two major acquisitions that are central to its strategy of broadening its healthcare services.
The name changes were announced this week, after CommonSpirit Health completed its acquisition of the hospitals formerly owned by Steward Health Care, transitioning the medical centers from for-profit institutions to faith-based facilities.
The University of the Incarnate Word has sued the owner of Texas Vista Medical Center, the South Side hospital slated to close on Monday, accusing it of not paying millions to students completing residencies there.
The New York state budget is slated to include more hospital funding than expected. But as the final details took shape on Monday, advocates said it still fell short of what’s needed for “safety-net” institutions that mostly serve low-income patients and often struggle to stay afloat.
CVS Health Tuesday completed its acquisition of Oak Street Health for $10.6 billion in cash, adding a large network of doctor-staffed clinics primarily used by seniors.
Even in the CFO role, where demand for interim CFOs has doubled and turnover is at a five-year high, implementation and practical application remains difficult (especially if ChatGPT can’t even pass an accounting course). A CFO’s full list of duties is still well beyond the capabilities any combination of technology that is readily available can offer.