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  • Dec 18- A group of 32 hospitals will pay a total of $28 million to settle allegations that they submitted false claims to Medicare for a type of spinal fracture treatment, the U.S. Department of Justice said on Friday. The hospitals, located in 15 states, frequently billed Medicare for inpatient stays following a procedure known as kyphoplasty, a treatment for...

  • Dec 17- Rite Aid Corp, which has agreed to be bought by larger rival Walgreens Boots Alliance Inc, reported same-store sales below analysts estimates hurt by the introduction of more low-margin generic drugs. Profit was hurt by expenses related to EnvisionRx, the pharmacy benefit manager which Rite Aid bought for about $2 billion in June, and lower income tax...

  • Dec 17- Drugstore operator Rite Aid Corp, which has agreed to be bought by larger rival Walgreens Boots Alliance Inc, reported a 43 percent drop in quarterly profit, hurt by expenses related to its acquisition of pharmacy benefit manager EnvisionRx. The company's net income fell to $59.5 million, or 6 cents per share, in the third quarter ended Nov. 28, from $104.8...

  • BROOKSVILLE, Florida, Dec 7- Jennifer Lacey Frazier recently completed drug treatment and parenting classes. In December 2011, Frazier gave birth to Jacey at a hospital in Charlotte, North Carolina. Records show the North Carolina hospital did precisely that.

  • Here's why you may never end up in a nursing home Monday, 7 Dec 2015 | 9:00 AM ET
    Senior man nursing home

    Baby boomers are aging, and many will need skilled care, but demand for nursing-home beds is quickly outstripping a dwindling supply.

  • CHENNAI, India, Dec 4- Rains eased in the flood-hit city of Chennai in southern India on Friday, raising hopes that rescue efforts could pick up, after the death of 18 patients at a private hospital added to the official toll of 280 confirmed killed in the disaster. The commercial airport of Chennai will also be partly opened on Saturday after being shut for the past...

  • CHENNAI, India, Dec 4- Rescue helicopters were grounded on Friday by renewed rains that spread fear in the flood-struck Indian city of Chennai, while the death of 14 patients at a private hospital added to the official toll of 280 confirmed killed in the disaster. Many residents have spent days stranded on rooftops since more than 345 mm of rain fell over 24 hours on...

  • Grant Thornton admitted wrongdoing and will pay a $3 million penalty, as well as forfeit about $1.5 million in audit fees, the SEC said in a release. The audits involved senior housing provider Assisted Living Concepts and alternative energy company Broadwind Energy, the SEC said. Melissa Koeppel, who was involved in the audits for both companies, agreed to pay a...

  • District Court on Wednesday denied specialty pharmacy Linden Care LLC's request for a temporary restraining order against Express Scripts Holding Co for dropping it from its network earlier this month. Express Scripts, the largest manager of prescription drug plans in the United States, severed ties with Linden Care for dispensing drugs from Horizon...

  • Nov 24- Turing Pharmaceuticals, the company that became a lightning rod for criticism over excessive price increases for older medicines, on Tuesday said it would cut the cost of its anti-infection drug to hospitals. Privately-held Turing and its Chief Executive Martin Shkreli sparked outrage in September after it acquired the rights to a 62- year-old drug,...

  • Is Obamacare sustainable? Friday, 20 Nov 2015 | 5:20 AM ET
    Is Obamacare sustainable?

    Jeffrey Burbank, CEO of NxStage, comments on UnitedHealthcare's warning it may withdraw from Obamacare and says the exchange system will evolve over time.

  • Nov 13- Specialty pharmacy Park Irmat Drug Corp is suing OptumRx, saying the pharmacy benefit unit of UnitedHealth Group plans to remove Irmat from its network as of the end of the month. In the suit, filed late on Thursday in New York Supreme Court, Irmat said it received notice that it will be cut off from reimbursement by OptumRx, which operates a mail-order...

  • Swiss revenues give South Africa's Mediclinic a boost Thursday, 12 Nov 2015 | 5:47 AM ET

    JOHANNESBURG, Nov 12- South Africa's largest private hospital group Mediclinic International posted a 16 percent jump in half-year earnings on Thursday, aided by revenue growth from its Swiss business. Mediclinic, which runs the largest private hospital network in Switzerland and is planning to double its business in the Middle East, said normalized...

  • NEW YORK/ LOS ANGELES, Nov 4- OptumRx, a leading U.S. pharmacy benefits manager, began to stop payments to a pharmacy closely-linked to Valeant Pharmaceuticals International more than a year ago after recognizing billing irregularities, former employees at the pharmacy and sources familiar with the matter told Reuters. Hatboro, Pennsylvania- based Philidor Rx...

  • Nov 4- IT services provider Cognizant Technology Solutions Corp raised its full-year revenue forecast for the third time this year after posting its biggest jump in quarterly revenue in three years. The healthcare unit has led Cognizant's growth in the past year, driven by its $2.7 billion acquisition of U.S. healthcare IT services provider TriZetto Corp and...

  • Nov 2- Hospital operators Tenet Healthcare Corp and Community Health Systems on Monday reported weaker quarterly earnings than a year ago as insurance enrollment slowed in the second year of the Affordable Care Act. Tenet, the third-largest U.S. for-profit hospital chain, posted a third-quarter net loss, while No. 2 Community Health said net profit declined 16...

  • Nov 2- Tenet Healthcare Corp reported a third-quarter net loss on Monday as its hospitals treated more patients without insurance coverage than a year ago. Tenet reported a third-quarter net loss of $29 million, or 29 cents a share, compared with net income of $9 million, or 9 cents, a year ago. It raised its forecast for net operating revenue to a range of $18.35...

  • The net income attributable to shareholders fell to $52 million, or 44 cents per share for the third quarter ended Sept. 30 from $62 million, or 54 cents per share, a year earlier.

  • LOS ANGELES, Oct 30- Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, is reviewing pharmacy programs run by AbbVie Inc and Teva Pharmaceuticals Industries Ltd after finding questionable practices at Valeant Pharmaceuticals International Inc's partner pharmacy, Philidor Rx Services. Express Scripts and other big managers of...

  • Oct 30- CVS Health Corp, the second-largest U.S. drugstore chain by store count, reported better-than-expected quarterly net revenue, helped by strong demand for its pharmacy benefit management services and its acquisition of Omnicare Inc.. CVS's results come in the same week that larger rival Walgreens Boots Alliance Inc said it would buy Rite Aid Corp for...