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News

West Penn Allegheny sees patient decline amid restructuring

Pittsburgh-based West Penn Allegheny Health System reported a loss of $26.8 million at the halfway mark in its fiscal year. That's up from a loss of $8.1 million during the first six months of 2009, Read more...

Erlanger execs receive heftier bonuses despite lower profits

Despite lower profits, executives at Erlanger Health System earned bigger bonuses in December compared with awards shelled out the previous year, reports the Chattanooga Times Free Press. In December Read more...

Hospital operators' Q4 earnings to reflect cost control

Hospital stocks managed to post a 2010 gain of 8 percent despite a sluggish economy and as lower numbers of patients as consumers delay elective procedures and have fewer babies in the downturn, the Read more...

BCBS companies take aggregate 41 percent loss for 2008

It looks like last year was a serious downer for the Blue Cross and Blue Shield plans, which lost a collective 40.9 percent in income for 2008, as compared with the previous year, struggling with Read more...

MA Blues look inward to save money

Faced with the harsh reality that the economy isn't going to heal anytime soon--and that health costs aren't about to drop very much---Blue Cross Blue Shield of Massachusetts is looking inward, Read more...

WellPoint loses money for Q2, but still pleases investors

Giant health plan WellPoint had what most financial types would consider a tough second quarter, with earnings falling 10 percent and its overall profit predictions for 2008 falling. Still, given Read more...

Cigna first-quarter profits drop 80 percent

Uh oh--this can't be good. A multitude of insurers have have posted rather disappointing financial results, including UnitedHealth Group, Humana, Health Net and WellPoint--and now another big Read more...

Universal Health has profitable first quarter

It's been a good first quarter for hospital company Universal Health Services, which saw a substantial jump in net earnings over the same quarter last year. UHS's net income climbed 24.6 percent for Read more...

LifePoint hospitals sees 30% profit drop for '07

It seems that LifePoint Hospitals took a beating in fiscal 2007. The Brentwood, Tenn.-based chain said that despite raised revenues, profits fell 20 percent, undermined by volume losses of 15 percent Read more...

Dialysis provider faces anemia drug pressures

National dialysis chain DaVita is doing very well, thank you very much, with 2006 sales of $4.9 billion and earnings of $290 million. That's up dramatically from 1999, when it had revenue of $1.4 Read more...

Press Releases

AmSurg Announces Revised Definitive Agreement with National Surgical Care

$135 Million Asset Purchase Transaction Expected to Add Earnings in a Range of $0.09 to $0.13 Per Diluted Share for 2012 NASHVILLE, Tenn.--(BUSINESS WIRE)-- Christopher A. Holden, President and Chief Read more >>

IASIS Healthcare Announces Fourth Quarter and Year-End 2010 Results

FRANKLIN, Tenn.--(BUSINESS WIRE)-- IASIS Healthcare® LLC (“IASIS”) today announced financial and operating results for the fiscal fourth quarter and year ended September 30, 2010. Net revenue for the Read more >>

Meridian Bioscience Reports Fourth Quarter and Full-Year Fiscal 2010 Operating Results, Declares Regular Cash Dividend, an

CINCINNATI--(BUSINESS WIRE)-- Meridian Bioscience, Inc. (NASDAQ: VIVO): GENERAL HIGHLIGHTSreported fourth quarter and full-year fiscal 2010 net sales of $35.5 million and $143.0 million, Read more >>

IASIS Healthcare Announces Third Quarter 2010 Results

FRANKLIN, Tenn.--(BUSINESS WIRE)-- IASIS Healthcare® LLC (“IASIS”) today announced financial and operating results for the fiscal third quarter and nine months ended June 30, 2010. Net revenue for Read more >>