Private equity continues to increase the number of transactions in the healthcare sector, according to a report from PwC. While megadeals and overall value have been affected by interest rate hikes and fears of a downturn, deal volume has been on the rise thanks to private equity firms interest in healthcare.
The dire shortage of pediatric hospital beds plaguing the nation this fall is a byproduct of financial decisions made by hospitals over the past decade, as they shuttered children’s wards, which often operate in the red, and expanded the number of beds available for more profitable endeavors like joint replacements and cancer care.
LCMC’s plan to acquire three HCA-owned Tulane hospitals for $150 million was publicly aired in Baton Rouge Thursday as one of the final regulatory steps needed before the sale can proceed.
The Centers for Disease Control and Prevention is awarding states over $4 billion in funding to support public health nationwide. The Public Health Infrastructure, Workforce and Data Systems grant will last five years, with $3.2 billion given to state public health districts in the first year.
OHH Administrator Mike Huff said the hospital is running in the black thanks to revenue from a booming pain management practice and an uptick in surgeries that patients had put off during the COVID-19 pandemic, and that “a series of different strategic moves” helped the facility rebound from the pandemic.
While many Mayo Clinic executives didn’t receive raises in pandemic-plagued 2020, those wages jumped up in 2021 with the CEO’s salary climbing by 27%, to $3.48 million.