First National Bank of Mount Dora Trust Investment Services purchased a new stake in HCA Healthcare, Inc. in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,178 shares of the company's stock, valued at approximately $1,365,000.
Olympic Medical Center is facing a financial crisis in which it has already lost $7.9 million through the first four months of 2023 compared to operating losses of $16.1 million in 2022 at the height of the COVID-19 pandemic, CEO Darryl Wolfe told 11 community and healthcare leaders.
The hospital had previously purchased the necessary equipment and contracted staff, who worked more than 20,000 hours combined between March 2020 and June 2022.
As it has done annually for years, the Board of Regents last week approved a University of Iowa Hospitals and Clinics across-the-board 6-percent rate increase in health care services starting next month — the highest allowed in many UIHC contracts with insurance providers.
Vibra Hospital of Western Massachusetts plans to lay off all of its 87 employees by Aug. 15, as its population of 29 long-term patients moves to new quarters.
All are expected to be relocated to new Valley Springs Behavioral Health Hospital in Holyoke from the partnership of Baystate Health and LifePoint.