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  • NEW YORK, June 8- A study released on Monday found that the 50 priciest U.S. hospitals charged some patients more than 1,000 percent of what Medicare considers the cost of procedures. North Okaloosa Medical Center 1,260%. Paul B Hall Regional Medical Center 1,250%.

  • SHANGHAI, June 5- China will allow patients to claim medical insurance for visits to private hospitals, its main administrative authority said, marking the latest move from Beijing to ease pressure on the country's over-burdened public healthcare system. "In order to satisfy everyone's diverse healthcare needs, we are lowering the threshold for private...

  • June 4- Evolent Health Inc's initial public offering has been priced at $17 per share, an underwriter told Reuters late on Thursday, valuing the healthcare software maker at about $950 million. Evolent was founded in 2011 by its top two investors, the University of Pittsburgh Medical Center and healthcare research firm Advisory Board Co..

  • *Deal values Omnicare at $12.7 bln, including $2.3 B debt. May 21- Drugstore operator CVS Health Corp said Thursday it will spend $10.1 billion to buy Omnicare Inc, a company that supplies prescription medicines to nursing, assisted living and other healthcare facilities. They could renegotiate their supply contracts given the volume, "said FBR analyst Steven...

  • JOHANNESBURG, May 21- South Africa's biggest private hospital group Mediclinic International reported a sharp slowdown in earnings growth on Thursday as regulations squeezed the profit margin of its Swiss unit. Mediclinic said its Hirslanden unit, the largest private hospital network in Switzerland, was hit by an adjustment of the national outpatient...

  • SEATTLE, May 12- A Seattle hospital has joined a lawsuit against the manufacturer of endoscopy medical scopes linked to a "superbug" outbreak at the medical center, claiming the company, Olympus America, put patients lives at risk by failing to disclose design flaws. Between 2012 and 2014, at least 32 patients at Virginia Mason Medical Center were infected with...

  • SEATTLE, May 12- A Seattle hospital has joined a lawsuit against the manufacturer of endoscopy medical scopes linked to a "superbug" outbreak at the medical center, claiming the company, Olympus America Inc., put patients lives at risk by failing to disclose design flaws. Between 2012 and 2014, at least 32 patients at Virginia Mason Medical Center were infected...

  • WASHINGTON, May 7- Sixteen hospitals will pay $15.69 million to resolve allegations they were reimbursed from Medicare for services that were unnecessary, the U.S. Justice Department said on Thursday. As part of the settlement, Health Management Associates Inc and 14 of its formerly associated hospitals will pay $15 million, Community Health Systems and its...

  • As part of the settlement, Health Management Associates Inc and 14 of its formerly associated hospitals will pay $15 million, Community Health Systems and its subsidiary Wesley Medical Center will pay $210,000, and North Texas Medical Center will pay $480,000, the Justice Department said.

  • For the first quarter, Franklin, Tennessee- based Community Health reported net income of $79 million, or 68 cents a share, compared with a net loss of $112 million, or $1.05 cents a share, a year earlier. Competitors HCA Holdings Inc, the nation's largest hospital operator, and No. 3 Tenet Healthcare Corp this week both posted results that were boosted by growth in...

  • May 5- Community Health Systems Inc on Tuesday reported a quarterly net profit, compared with a year-ago loss, as it treated more patients with insurance obtained through state and federal marketplaces established under the Affordable Care Act. The second-largest publicly traded hospital operator also said results reflected its integration of Health...

  • May 4- Hospital operator Tenet Healthcare Corp on Monday posted a net profit in the first quarter, compared with a year-ago loss, as more people with health insurance used its facilities. Tenet posted net income in the quarter of $47 million, or 47 cents a share, compared with a net loss of $32 million, or 33 cents, a year earlier. Dallas- based Tenet also confirmed its...

  • May 4- Patterson Cos Inc said it would buy privately held veterinary products maker Animal Health International Inc for $1.1 billion. The company also said it was looking to sell its medical rehabilitation business. Patterson, which makes dental products, veterinary supplies and rehabilitation medical supplies for hospitals and long-term care facilities,...

  • April 29- Life and mortgage insurer Genworth Financial Inc is considering going private and would be open to selling its long-term care insurance unit, among other strategic options, Chief Executive Tom McInerney said. McInerney said that, although Genworth would be open to selling its long-term care insurance unit, it could be difficult to find a buyer.

  • April 29- Life and mortgage insurer Genworth Financial Inc is considering going private or selling its long-term care insurance unit, among other strategic options, Chief Executive Tom McInerney said. Genworth's shares rose as much as 11 percent on Wednesday. Genworth had also said at the time that the long-term care business remained "a priority".

  • April 29- Pharmacy benefit manager Express Scripts Holding Co, which has aggressively negotiated lower costs of new hepatitis C drugs, on Wednesday said a new "focus area" will be subduing costs of a growing wave of pricey biotech cancer drugs. "This is going to be a much slower and much bigger effort over time than what you saw for hepatitis," Steve Miller, chief...

  • Quake overwhelms Nepal's weak healthcare system Sunday, 26 Apr 2015 | 12:30 PM ET

    KATHMANDU, April 26- A massive earthquake in Nepal has exposed the woeful state of its medical facilities as hospitals struggle to treat vast numbers of injured with limited supplies and staff. The situation is worsening a humanitarian crisis triggered by Nepal's worst earthquake in 81 years. So far many of the seriously injured in Kathmandu were being...

  • *Fatalities in India, China and Bangladesh. KATHMANDU, April 26- Overwhelmed doctors moved hundreds of patients onto the streets of Nepal's capital on Sunday when aftershocks rattled hospitals and buildings already damaged by an earthquake that killed more than 2,400 people and devastated Kathmandu valley. Outside the National Trauma Centre in Kathmandu,...

  • German lab group Synlab hoping for industry consolidation Wednesday, 22 Apr 2015 | 11:44 AM ET

    The 4.5 billion euro German laboratory market-- with the most standardised products being blood and urine tests-- offers relatively low prices compared with elsewhere in Europe, but suppliers in Germany are also more consolidated and more cost-efficient. But Wimmer said that compared to the United States, there was much potential for companies to become more...

  • HAVANA, April 21- A U.S. cancer research center and a software company reached agreements with Cuban partners during a two-day trade mission to Cuba led by New York Governor Andrew Cuomo in the first trip of its kind since the rapprochement between the longtime adversaries. The Roswell Park Cancer Center of Buffalo, New York, on Tuesday signed an agreement with...