HealthSouth
HealthSouth gets back $440 million from IRS
The IRS has given back $440 million to HealthSouth Corp., refunding taxes it overpaid when it filed inflated income statements from 1996 to 1999. The added cash should help the new HealthSouth... Read more...
Tenet begins doctor-investment program
At least one of Tenet's Dallas-area hospitals has begun restructuring its relationship with its doctors, with the ultimate goal of getting physicians to invest in the facilities where they practice. ... Read more...
ALSO NOTED: Condition critical for New Orleans health system; Aetna completes acquisition; and much more...
> Hurricane Katrina just about killed the healthcare system in New Orleans, according to a new study. Read more...
Providers dished out the lobbying bucks
In actions sure to be reflected this year as well, a group of Birmingham, Ala.-based healthcare providers pulled together in 2006 to lobby for common causes, spending nearly $3 million on Washington,... Read more...
HealthSouth's Scrushy going to jail
It's the end of the line for high-profile healthcare exec Richard Scrushy, who was sentenced to almost seven years in prison yesterday for his conviction on federal bribery charges. Scrushy, who now runs a church out of a television studio, continues to deny wrongdoing.
Unlike peers involved in similar scandals at Enron, WorldCom and Tyco, Scrushy actually managed to …
... Read more...Doctors sue HealthSouth over surgery centers sale
A group of Tuscaloosa, AL-based physicians are suing HealthSouth to stop the pending sale of one of its outpatient surgery centers. The physician group, Surgery Center Partners, contends that when it agreed to sell its outpatient surgical facilities, HealthSouth didn't honor the terms of the partnership contract with their regional surgery center, HealthSouth Surgical Center of Tuscaloosa. HealthSouth has agreed to sell its 139 surgery centers and three surgical hospitals to Texas Pacific …
... Read more...ALSO NOTED: Sutter teams with HealthSouth on surgery centers; Cutting waits for care; and much more...
> Sutter Health has agreed to a joint venture with HealthSouth under which it will run a group of California surgery centers, as well as possibly developing more. Article
> Looks like a growing number of providers are setting up systems which cut or even eliminate waits for care. …
... Read more...ALSO NOTED: HealthSouth sells headquarters; Illinois extends CON law; and much more...
> The HealthSouth restructuring continues: The company has now agreed to sell its corporate headquarters to help pay down its long-term debt. Article
> Illinois has extended the life of its Certificate of Need legislation for another year. The law also makes it easier for applicants who want to build in high-growth areas. …
... Read more...ALSO NOTED: PA health plan merger to proceed; Baylor plans African AIDS program; and much more...
> Another health plan deal will roll ahead. The Federal Trade Commission and Department of Justice antitrust division have approved the merger of two large Pennsylvania health plans, Independence Blue Cross and Highmark. Article
> Baylor College of Medicine and Texas Children's Hospital are partnering with an AIDS group to create a pediatric HIV care and treatment center in …
... Read more...Sunrise faces SEC probe
Senior care giant Sunrise Senior Living has become the target of a Securities and Exchange Commission investigation into possible insider stock sales, stock-option grant issues and accounting problems. As of the end of the first quarter of 2007, Sunrise operated 444 senior living communities in the U.S., Canada, Germany and the United Kingdom, as well as having 42 others under construction. The SEC inquiry was prompted in part by a letter from the SEIU Master Trust, the national pension …
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