Rite Aid lost more than $1 billion in the months before it filed for bankruptcy, the failed drugstore chain revealed in a Wednesday regulatory filing, as it warned investors it may not be able to keep its business running.
Cleveland Clinic is once again in the spotlight for its limited investments in the community. The Clinic is one of 12 major nonprofit hospitals that dedicated less than 2% of their total revenue to charity care in 2021, the U.S. Senate Committee on Health, Education, Labor and Pensions recently found.
The University of Iowa’s final but unsuccessful bid to win the assets of Mercy Iowa City — as part of its filing for Chapter 11 bankruptcy — was $28 million, plus an additional commitment of at least $25 million in “immediate facility upgrades,” new UI Health Care Vice President for Medical Affairs Denise Jamieson said in a question-and-answer about the unrealized Mercy deal.
Connecticut’s two largest health systems continue to dominate market share in the state, and their lead is likely to get even bigger in the weeks or months ahead as Yale New Haven Health tries to finalize its acquisition of three more Connecticut hospitals.
M. Elizabeth Walker and Jerimi J. Ullom have joined Barnes & Thornburg as healthcare and public finance partners in Indianapolis, Ind., the firm said Wednesday.