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  • CVS paying $10.4B in cash for drug distributor Omnicare Thursday, 21 May 2015 | 7:18 AM ET

    CVS Health will pay more than $10 billion for pharmaceutical distributor Omnicare in a deal primed to feed its fast-growing specialty drug business and tap a lucrative and growing market: care for the elderly. Omnicare's long-term care business operates in 47 states and the District of Columbia. Cincinnati- based Omnicare's core business involves...

  • NEW YORK— Industrialist David H. Koch and financier Henry R. Kravis have made separate donations totaling $250 million for hospitals and medical research in New York City. The Wall Street Journal reports Wednesday that Koch has given $150 million to Memorial Sloan Kettering Cancer Center. Information from: The Wall Street Journal, http://www.wsj.com.

  • TRENTON, N.J.— Drugmaker Endo International PLC is climbing toward the top of the steadily consolidating generic medicine business with a deal to buy Par Pharmaceutical Holdings Inc. for about $8.05 billion. In the U.S., that includes the biggest health insurers and two pharmacy benefit managers, Express Scripts Holding Co. and CVS Health Corp. In other...

  • As it turns out, they are raising their prices to state Medicaid programs, too. The federal government issued guidance in October requiring states to build the tax into what they pay for-profit Medicaid health plans that serve low-income people. The first year's tax was due to the IRS in September, and state governments are now settling up with insurance...

  • As it turns out, they are raising their prices to state Medicaid programs, too. The federal government issued guidance in October requiring states to build the tax into what they pay for-profit Medicaid health plans that serve low-income people. The first year's tax was due to the IRS in September, and state governments are now settling up with insurance...

  • AdCare Health reports 1Q loss Thursday, 14 May 2015 | 5:39 PM ET

    ROSWELL, Ga. _ AdCare Health Systems Inc. on Thursday reported a loss of $5 million in its first quarter. On a per-share basis, the Roswell, Georgia- based company said it had a loss of 29 cents. Keywords: AdCare Health Systems, Earnings Report.

  • 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...

  • Ebola survivor's eye still teeming with virus Friday, 8 May 2015 | 3:55 PM ET
    Dr. Steven Yeh, an ophthalmologist, examined Dr. Ian Crozier in March, five months after Dr. Crozier's initial recovery from Ebola.

    Ian Crozier, who survived Ebola, calls himself a poster child for 'post-Ebola syndrome,' which is also being reported in W. Africa, NYT reports.

  • 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,...