Atrium Health received a $45 million sales tax refund from North Carolina in 2023 and 2024, hitting a statutory limit allowed by the state for nonprofits, tax records reviewed by The Charlotte Ledger/NC Health News show. And that may not even be the full amount. Thanks to a legal loophole, the hospital system's total refund is likely even higher.
UnitedHealthcare is offering certain employees in its benefits operations unit the option to accept buyouts if they quit by March 3, following a tumultuous year for the insurance giant, CNBC has learned. Those who don’t accept the offer will continue in either their current role or a comparable position, two people familiar with the matter told CNBC. If the company does not meet a resignation quota through buyouts, it will lay off employees, the people said, citing an internal resource site.
Walgreens Boots Alliance Inc. shares soared after CNBC said that a take-private deal with private equity firm Sycamore Partners is still possible. The deal for the drugstore chain appeared "mostly dead a couple of weeks ago," CNBC's David Faber said Tuesday. He said he was now upgrading the deal to "alive." Walgreens shares gained as much as 15% in New York. They had risen 4% this year as of Friday's close. Reports emerged in December of a possible deal with Sycamore, which had earlier expressed interest in Walgreens' international unit. Bloomberg reported at the end of last month that Sycamore had been speaking with private credit firms about debt financing for a potential deal for Walgreens, according to people familiar with the matter. Faber had said Jan. 27 that the deal was "mostly dead."
A federal bankruptcy judge has allowed Prospect Medical Holdings' sale of two Rhode Island hospitals to keep moving forward, despite the company filing for Chapter 11 bankruptcy a month ago. Prospect owns Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence under the banner of CharterCARE. The Centurion Foundation, a Georgia nonprofit, is looking to buy the hospitals.
Elon Musk‘s US government efficiency initiative is unlawfully gaining access to Americans’ health and financial data, according to an updated complaint by a coalition of unions and worker groups.
Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence have been losing money for years. According to Rhode Island Attorney General Peter Neronha, that's because the California hedge fund that owns them has prioritized investor returns over patient care. California-based Prospect Medical is now trying to sell these two Rhode Island hospitals to an Atlanta-based nonprofit called the Centurion Foundation. But Prospect ended up filing for Chapter 11 bankruptcy protection last month before it could complete the sale. The company recorded debts up to $10 billion. The bankruptcy filing meant a judge needed to approve the sale, and time was of the essence, because the company could not afford to keep running the hospitals. Even so, various stakeholders opposed the sale for different reasons.