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  • China may need 3,000 medivac helicopters- Airbus exec. *Manufacturers building China base seeking market share. The freeing up of airways previously reserved for military use is a huge opportunity for Norbert Ducrot, head of Airbus Group's helicopters unit in China.

  • June 7- A U.S. appeals court has rejected a $30 million settlement in a class action lawsuit accusing health insurer Blue Cross Blue Shield of Michigan of price-fixing, saying patients, employers and insurers did not get a fair chance to review the deal. Patients, employers and other insurers, saying Blue Cross forced them to pay more for hospital services, then...

  • Charles C. Liu and Xin "Lisa" Wang, both of Laguna Niguel, California, promoted the facility as a project that would help the Chinese investors obtain permanent U.S. immigration visas through a federal program known as EB-5, the SEC said. Liu also diverted another $7 million to personal accounts for him and Wang, the SEC said. No construction has started at the proposed...

  • Charles C. Liu and Xin "Lisa" Wang, both of Laguna Niguel, California, promoted the facility as a project that would help the Chinese investors obtain permanent U.S. immigration visas through a federal program known as EB-5, the SEC said. Liu also diverted another $7 million to personal accounts for him and Wang, the SEC said. In addition, no construction has started at...

  • Richard Kovacevich, former chairman and CEO at Wells Fargo.

    Former Wells Fargo CEO Dick Kovacevich says Theranos is experiencing "normal things" common to start-ups.

  • NEW YORK, May 31- Shares of Quest Diagnostics and Laboratory Corporation of America Holdings have been on a roll as analysts point to improving business trends for the U.S. clinical-lab testing industry stalwarts. Next, the shares face a test of their own: an impending Medicare reimbursement decision. Since October, when a Wall Street Journal article raised...

  • SHANGHAI, May 27- China will carry out wide-ranging pricing inspections on drug firms, hospitals and procurement bodies from June 1, the country's top watchdog said on Friday, extending a tough cost-cutting campaign to reduce the price of healthcare. Local media reported earlier this month that China was planning to launch "large-scale and systematic"...

  • May 10- The U.S. Attorney's Office for the Southern District of New York is investigating contracts between drugmakers and companies that manage prescription benefits, according to regulatory filings. Federal prosecutors have approached at least three companies, including Johnson& Johnson, Merck& Co and Endo International Plc, demanding information about...

  • May 10- The U.S. Attorney's Office for the Southern District of New York is investigating contracts between drugmakers and companies that manage prescription benefits, according to regulatory filings. Federal prosecutors have approached at least three companies, including Johnson& Johnson, Merck& Co and Endo International Plc, demanding information about...

  • The HCR ManorCare business has been a nagging worry for HCP ever since the U.S. Department of Justice sued the unit in April last year over its billing practices. The spinoff will lead to a "new portfolio where private-pay increases to 95 percent from 80 percent," Mizuho Securities analyst Richard Anderson wrote in a note. Skilled nursing facilities, which provide...

  • DIY kit to test if your kid will be a pro-athlete

    Bento Lab lets the average consumer perform genetic experiments on their own.

  • These services are covered under Medicare and Medicaid programs. After the spinoff, HCP expects to have more than 860 properties, generating annual portfolio income of about $1.4 billion, the company said on Monday. Mark Ordan, who has joined HCP as senior adviser, will be the chief executive of the new company.

  • May 9- HCP Inc said it would spin off its skilled nursing and assisted living properties into an independent, publicly-traded real estate investment trust. The company said on Monday that the spinoff would allow it to focus on core businesses- senior housing, life science properties and medical offices. After the spinoff, HCP expects to have more than 860...

  • What needs to be in your will

    Having a will is just as important for ordinary folks as it is for multi-millionaires--and failing to organize your estate is a major financial mistake for anyone. CNBC’s Sharon Epperson offers simple steps to help you set up your will.

  • "The first quarter was another quarter of solid volume growth for the company," HCA Chief Operating Officer Sam Hazen said on a conference call. Newly insured patients stepped up visits to the doctor following the creation of insurance marketplaces and the expansion of the Medicaid program for the poor under President Barack Obama's 2010 healthcare reform...

  • *Co adjusts 2016 Medicaid MBR view, keeps Medicare view. The amount WellCare spent on medical claims out of the premiums it earned, a key measure of costs known as medical benefits ratio, decreased in both the company's Medicaid and Medicare businesses. The drop in WellCare's MBR also eased concerns after some hospitals reported an increase in Medicare volumes,...

  • The slowdown followed a busy period for doctors tied to the creation of insurance marketplaces and the expansion of Medicaid coverage for the poor under President Barack Obama's healthcare reform law, known as the Affordable Care Act. Net income attributable to HCA rose to $694 million, or $1.69 per share, in the three months ended March 31, from $591 million, or...

  • The slowdown followed a busy period for doctors tied to the creation of insurance marketplaces and expansion of Medicaid coverage for the poor under President Barack Obama's healthcare reform law, known as the Affordable Care Act. We still have tailwinds, "Tenet Chief Executive Trevor Fetter said in an interview. No. 2 U.S. hospital operator Community Health...

  • Tenet's hospitals have seen a boost in business from the influx of newly insured patients who bought coverage through the exchanges, created as part of President Barack Obama's national healthcare law. Daniel Waldmann, Tenet's senior vice president of public affairs, downplayed the impact of UnitedHealth's decision, saying insurers can be expected to make...

  • Express Scripts, the nation's largest pharmacy benefit manager, is discussing the changes with its customers at an annual meeting in Florida today, Chief Medical Officer Steve Miller said in an interview. Last year, the sudden 5000 percent price hike by Turing Pharmaceuticals for Daraprim, an anti-infective treatment for a rare disease, caught hospitals and...