The $22.4 million operating loss came as Lourdes' owner, Trinity Health, negotiated a preliminary agreement to sell the the Camden system to rival Cooper Health System. Trinity's operations in Southeastern Pennsylvania, Mercy and St. Mary Medical Center, were profitable.
Among the surprise provisions in the bill was the elimination of municipal bonds popular with hospitals and universities for construction and other purposes. It would also impose a tax on net investment income at the nation's wealthiest universities.
Thomas Jefferson University, which has expanded rapidly by acquiring three health systems and a university, is cutting jobs, "less than 1 percent" of a workforce that has ballooned to 30,000, the nonprofit Philadelphia health system said Wednesday.
These psychiatric patients were told they'd move into the 'community.' Instead they're going to another hospital building
The Pennsylvania Department of Human Services decided to close the civil unit at Norristown State Hospital to give patients the chance to live fuller lives in the community. It turns out for some, the community is another building on the Montgomery County campus.
Gov. Wolf's borrowing from the state treasury to pay bills while the General Assembly wrestles over how to pay for the state's $32 billion spending plan that became law last summer violates the state Constitution, according to a petition for a preliminary injunction, which also aims to block Wolf's plan to borrow $1.25 billion against future PLCB profits.
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.