UPMC will pay $38 million to settle a 12-year-old whistleblower lawsuit that alleged that some of its surgeons were doing unnecessary or overly complex operations to increase their earnings and enrich system hospitals.
The state Health Department is so concerned with the financial stability of CareWell Health Medical Center that on Monday it ordered the owners to submit a “disaster plan” identifying where patients and staff may be transferred in the event the East Orange hospital abruptly closes, NJ Advance Media has learned.
CVS Health Corp. is selling $5 billion worth of bonds less than a week after shares plunged the most since 2009 on a downbeat quarterly report and cut 2024 outlook.
Bankrupt Steward Health Care has put all of its 31 hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities.
The deal helped shape much of what followed for Steward Health Care System over the next four years, culminating this week in the Chapter 11 filing of Steward, one of the biggest hospital bankruptcies in U.S. history.
The flow of high-acuity patients to the Hospital of the University of Pennsylvania, Penn Presbyterian Medical Center, and Pennsylvania Hospital opens up access to care that isn’t available at every hospital. It’s also crucial to Penn’s business model.