The Outlook revision to Negative reflects the expected dilution of unrestricted liquidity in FY23 when Meritus plans to apply for candidate status with the Commission on Osteopathic College Accreditation (COCA) for the proposed Meritus School of Osteopathic Medicine (MSOM). The application will result in Meritus utilizing approximately $50 million of liquidity to fund an escrowed segregated, unencumbered reserve fund and operating reserve fund that will be released if MSOM receives final accreditation.
Paoli Hospital has been overwhelmed since the closure of both Jennersville and Brandywine hospitals. It has experienced a 16% increase in emergency room volumes and at times hits 100% in capacity levels, writes Bill Rettew for The Daily Local News. But now, with $2 million in pandemic relief grants, the hospital will be expanding its emergency department. Eight new treatment rooms will be added.
Irondequoit, N.Y. — The closure of a Walgreens in Rochester's 19th Ward has created a pharmacy desert for neighbors, and customers of other pharmacies across the state could face similar challenges.
A federal judge has denied Elizabeth Holmes' request for a new trial, paving the way for the founder of failed blood testing startup Theranos to be sentenced later this month.
While Amazon has the potential to establish a healthcare ecosystem with numerous stakeholders under its belt, here's how this system, if successful, might impact the customers, providers and entrepreneurs — both positively and negatively.