Astrana Health announced on Wednesday that it has completed the acquisition of Prospect Health, with a deal price of $708 million, down from the previously stated $745 million.
More than 700 rural hospitals – one-third of all rural hospitals in the country – are at risk of closing because of the serious financial problems they are experiencing. Over 300 of these rural hospitals are at immediate risk of closing because of the severity of their financial problems.
The Senate voted early today morning to defeat an amendment sponsored by Sen. Susan Collins, R-ME, to create a new top marginal tax rate for the nation's wealthiest income earners and use the money to double the size of a proposed rural hospital relief fund from $25 billion to $50 billion. Senators voted 22 to 78 against a motion to waive a 60-vote budget point of order against the amendment.
Columbus Regional Health is permanently laying off 50 employees as part of a significant restructuring. The hospital cites ongoing financial hardships behind the closing of several units and programs. Services being discontinued include the athletic trainer program for local schools such as IU Columbus, the Bartholomew Consolidated School Corporation, and Flatrock-Haw Creek Schools. The hospital is also shuttering its Inpatient Rehabilitation Unit, as well as outpatient practice, and CRH Orthopedics.
UCHealth, Colorado's largest healthcare provider, has prevailed for now in an exceptionally complicated fight with the state Medicaid agency over hospital provider fee money — a dispute that could see as much as $50 million a year shift away from public hospitals and move to private hospitals, according to state officials.
UCSF Health is slashing approximately 200 positions to mitigate 'serious financial challenges,' the hospital network said in a statement to SFGATE on Wednesday. Kristen Bole, a spokesperson for UCSF, told SFGATE that employees are being notified that their last day will be 60 days from Wednesday. She said those employees won’t be expected to show up to work, but they can work on 'items related to their transition.'