Capital Finance
While going back decades the sector has seen its slice of GDP narrow, more recent numbers suggest the trend may be reversing.
The hospital owner replaced recently sold grocery chain Safeway for a spot on the index.
The combined organizations will staff more than 1,500 healthcare professionals and will generate more than $904 million in annual revenue.
Analysts mostly agree that this year will be full of healthcare acquisitions as health systems, information technology companies, software firms, medical practices and service providers seek to find out whether bigger is indeed better in the post-Affordable Care Act world.
While the sector is struggling, one expert offers these financial tips for enhancing investment assets to shore up balance sheets at hospitals and health systems.
Chattanooga, Tennessee-based Erlanger Health System on Tuesday said it earned a record $12.7 million profit in its fiscal second quarter, its highest in 30 years and its first profit after posting consecutive losses in the past three years.
Relocation is expected to take as long as a decade
The aging hospital's facilities and the drop in patient volume at Lakewood also factored into the decision to end its tenure as a hospital.
You can expect more credit downgrades than upgrades in 2015 among the country's nonprofit hospitals, Standard & Poor's announced this week, as expensive upgrades and pressures to convert to value-based payment systems continue to gnaw away at bottom lines.
Annual JPMorgan Healthcare Conference leaves investors and providers more bullish about the state of the business than last year.