Capital Finance

Med Data Inc., a provider of medical billing services has acquired revenue cycle management and personalized patient communications company MedDirect, Inc.

Healthcare is costly, especially on an inpatient basis, which is why it is not surprising that an established and growing trend has been the development of outpatient centers.

Tenet Healthcare Corporation today projected that its 2012 adjusted earnings before interest, taxes and depreciation (EBITDA) would be in the range of $1.2 billion to $1.3 billion, a moderate uptick from its expected EBITDA for 2011.

The U.S. market for orthopedic biomaterials will grow at an average of just under 7 percent per year, to total approximately $4 billion by 2016, predicts medical technology market research firm Millennium Research Group (MRG).

Robert Aquino, former CEO of Parkway Hospital in Queens, NY, pleaded guilty earlier this week to bribing former state senator Carl Kruger to obtain his help in keeping the hospital open.

Independent Living Systems (ILS), a national care management company specializing in long-term care, announced Wednesday that it has completed a strategic recapitalization.

Less than one week after an audit report from accounting firm KPMG voiced its serious doubts about its long term viability, West Penn Allegheny Health System announced regional health insurer Highmark will invest $20 million in the first phase of its redevelopment of Forbes Regional Hospital.

The U.S. Department of Justice announced late last week that GE Healthcare has paid more than $30 million to the government to settle False Claims Act allegations.

Ascension Health and Alexian Brothers Health System announced Wednesday that the two will merge as of Jan. 1, 2012.

Healthcare real estate will continue to be a strong investment category in 2012 concludes an analysis by Jones Lang LaSalle, a financial and professional services firm specializing in real estate.