Capital Finance
National health spending in February was 4.8 percent higher than spending during the same month in 2015, according to a new report by the Altarum Institute, marking the fourth consecutive month in which spending growth has been below 5 percent.
A group of researchers has proposed a method for making expensive treatments for cancer, hepatitis C and other rare diseases more affordable: healthcare loans. They effectively work like a home mortgage and spread out payments for expensive treatments over time.
The Mayo Clinic's Florida campus will invest $100 million in major construction projects, with the first one slated to begin this summer. The world-renowned health organization will start the build on what it calls a "destination" medical building, providing integrated services for complex cancer, as well as neurologic and neurosurgical care.
Real estate investment trusts are hoping to bounce back from a rough, and somewhat puzzling, reversal of fortunes in 2015, though investors are already lining up to support companies dealing in healthcare deals.
The Marcus Foundation has awarded a $75 million gift to Piedmont Healthcare to bolster the growth of Piedmont Heart Institute, their well-known heart and vascular program, the system announced Friday. Additionally, the large monetary gift will facilitate the renewal of Piedmont's Atlanta campus through the establishment of the Marcus Heart and Vascular Center.
The California Institute of Regenerative Medicine has awarded Tracy C. Grikscheit, MD, of The Saban Research Institute of Children's Hospital Los Angeles a $7.1 million grant to develop a cellular therapy for the treatment of digestive system nerve disorders, the hospital announced in a statement. The grant was awarded through CIRM's Translational Research Program.
The healthcare sector represented the largest share of initial public offerings by deal count in 2015, says a report released Tuesday by Proskauer's Capital Markets Group.
MIT Sloan Professor Andrew Lo, Dana-Farber Cancer Institute's David Weinstock, and MIT post-doctoral fellow Vahid Montazerhodjat have identified this as a time when breakthrough therapies for certain types of cancers, hepatitis C, and rare diseases exist but remain out of reach for many patients, due primarily to the prohibitive cost.
Community Health Systems net operating revenue for 2015 jumped by more than 4 percent to $19.4 billion, an $800,000 million increase over the same period in 2014 when that year's net operating revenue totaled $18.6 billion, according to CHS's financial statement released on Feb. 15.
Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries reported a $1.2 billion decrease in profit year over year, according to their 2015 annual and fourth quarter financial results.