Universal Health Services Inc. added $13 million to its pre-tax reserve for the potential settlement of a longer-running civil False Claims Act investigation of billing practices at about 30 of its psychiatric facilities.
Saber Healthcare Group, of Cleveland, has taken over from the nonprofit Oak Health & Rehabilitation Centers Inc. as the operator of 10 Pennsylvania nursing homes, including five in the Philadelphia area, representatives of the facilities said.
Zitner Candy Corp., the North Philadelphia producer of chocolate-covered Easter eggs, filed for bankruptcy protection in a bid to restructure what the company's bankruptcy attorney called "a real big overhang of secured debt."
A legal fight over the $50 million license fee paid by the defunct Foxwoods casino group is back in bankruptcy court after a Third Circuit Court of Appeals ruling. The move gives the Foxwoods group another shot at a victory that has eluded it since 2011.
The Philadelphia nursing home where H.R. McMaster Sr. died last Friday has had an uptick in deficiencies cited by health inspectors during annual inspections in recent years, federal records show. McMaster, the father of former national security adviser H.R. McMaster Jr., died Friday of "blunt impact head trauma."
Comcast Corp. and Independence Health Group have formed a joint venture to create digital patient-care and communications platform. The venture, which does not yet have a name, is expected enter a pilot stage in the second half of this year.
Pennsylvania Commonwealth Court ruled Tuesday that the state Department of Human Services violated the state's procurement code when a deputy director met in Dec. 2016 with two top executives of Centene Corp. about the company's bid for a piece of the state's $12 billion Medicaid business.
In a partnership with Tower Health, Drexel plans to open a medical school branch at Reading Hospital
In a partnership with Tower Health, Drexel University College of Medicine plans to open a four-year branch campus at Reading Hospital. The first class of four year students is expected to enroll for the 2020-21 school year.
Penn Medicine, Mercy Health System of Southeastern Pennsylvania, and St. Mary Medical Center have formed an alliance to develop joint clinical programs in Bucks County and to explore ways to increase access to care in West Philadelphia.
I write about the business side of health care, higher education, and the broader nonprofit sector, with occasional forays into the food and alcoholic beverage industries.