Tag

Healthcare Consolidation

All articles tagged with #healthcare consolidation

health1 month ago•3 min saved

Prime Healthcare to End OB Services at Three Illinois Hospitals by October

Prime Healthcare will suspend obstetric services at Saint Joseph Medical Center in Joliet, Mercy Medical Center in Aurora, and Resurrection Medical Center in Chicago effective October 1, 2026. The company cites declining birth rates and low patient volumes, with some sites averaging fewer than one delivery per day. Prime plans to centralize care at new Centers of Excellence in Chicago and Olympia Fields, offering affected staff other positions and $1 million in community grants, while critics warn of reduced local access.

via nbcchicago.com|

#health #healthcare-consolidation #illinois-hospitals

health1 month ago•12 min saved

Prime Healthcare to halt births at 3 Illinois hospitals by Oct. 1

Prime Healthcare will suspend obstetric services at three Illinois hospitals—St. Joseph in Joliet, Mercy in Aurora, and Resurrection in Chicago—effective October 1. The for-profit system cites low birth volumes and financial distress, planning to centralize care at St. Mary of Nazareth and Olympia Fields. Approximately 75 nurses will be reassigned, and the company will offer $1 million in community grants. The move follows recent cuts to pediatric and maternity units, drawing sharp criticism from unions and lawmakers who argue the decisions prioritize profit over local access.

via Chicago Tribune|

#health #healthcare-consolidation #illinois-hospitals

business3 years ago•4 min saved

FTC Takes Legal Action Against Private-Equity Backed Anesthesia Group for Monopoly Practices

The Federal Trade Commission (FTC) has filed an antitrust lawsuit against U.S. Anesthesia Partners, a doctors' group backed by private equity firm Welsh, Carson, Anderson & Stowe, alleging that they engaged in consolidating doctors' groups in Texas to raise prices and increase profits. The suit targets a growing practice in the healthcare industry where private equity firms support companies in acquiring medical practices, allowing them to dominate local markets. The FTC considers this type of healthcare merger an enforcement priority and has stated that it will challenge consolidation schemes that undermine fair competition. Private equity firms argue that their businesses do not violate federal antitrust law.

via The New York Times|

#anesthesia-group #antitrust #business

healthcare3 years ago•6 min saved

"The Outrageous Cost of Healthcare: Unveiling the Impact of Hospital Mergers"

Hospital mergers and consolidation in the healthcare industry have led to decreased patient choice, hindered innovation, eroded quality, and raised prices. The Biden administration has taken steps to address this issue by ordering the Federal Trade Commission (FTC) to be more aggressive in reviewing and potentially blocking hospital mergers. However, the FTC faces challenges in proving the anticompetitive effects of these mergers and lacks the resources to effectively address the problem. State legislatures have also passed laws to shield hospitals from antitrust action, further hindering efforts to curb consolidation. Some economists suggest that price regulation may be necessary to restore competition in the healthcare market.

via The New York Times|

#antitrust-regulations #healthcare #healthcare-consolidation

healthcare3 years ago•3 min saved

BJC HealthCare and St. Luke's to Merge in Missouri-based Health System

BJC HealthCare and St. Luke's Health System have announced plans to merge, with both systems keeping their own names and operating from dual headquarters. The combined health systems will have an even stronger financial foundation, according to BJC's CEO. The deal is expected to close by the end of the year, pending regulatory approval. The merger follows the trend of consolidation in the healthcare industry, as hospitals and insurers alike grow larger to gain advantage in negotiations.

via St. Louis Post-Dispatch|

#bjc-healthcare #financial-foundation #healthcare

healthcare3 years ago•3 min saved

Kaiser Permanente and Geisinger to Merge in Health System Deal.

Kaiser Permanente plans to acquire Geisinger Health to create a new nonprofit group, Risant Health, that will operate independently and focus on developing nonprofit community health systems. The deal is subject to regulatory review. Kaiser hopes to invest $5 billion in Risant over the next five years and add five or six health systems to the group. The move is a response to the increasing consolidation of the healthcare industry by large for-profit companies. The new venture aims to invest in technology and preventive care to keep patients healthy and reduce the need for expensive specialty and hospital care.

via The New York Times|

#geisinger-health #healthcare #healthcare-consolidation