News 12/11/24 – HIStalk
Top News
CVC Capital Partners will likely acquire German health IT company CompuGroup Medical in a take-private deal valued at $1.2 billion. The acquisition is expected to close in the first half of 2025.
CGM…
Tag: bankruptcy
Ex-Invitae Spinoff Relaunches as Citizen Health, Picks Up $14.5 in Seed Funding – MedCity News
A Silicon Valley-based startup formerly known as Ciitizen relaunched as Citizen Health on Tuesday — as well as announced a $14.5 million seed funding round led by Transformation Capital and a new partnership with…
Continue Reading
PursueCare revamps Pear Therapeutics’ reSET, reSET-O digital therapeutics
PursueCare, a company that provides personalized virtual addiction treatment, announced the re-release of FDA-cleared RESET and RESET-O, prescription digital therapeutics for substance use disorder and opioid use disorder.RESET and RESET-O were initially developed and…
Continue Reading
Hospital M&A Activity Surges in Q3 2024, Driven by Mega Mergers
What You Should Know:
– The hospital and health system merger and acquisition (M&A) market experienced a significant surge in activity during the third quarter of 2024, reaching its highest level since 2017, according to…
Continue Reading
Cano Health Emerges from Chapter 11, Focused on Florida Market
What You Should Know: – Cano Health, a value-based primary care provider, announced today that it has successfully exited Chapter 11 bankruptcy as a reorganized private company. – The emergence follows a strategic restructuring…
Continue Reading
News 5/10/24 – HIStalk
Top News
Ascension’s 140 hospitals and 2,600 healthcare sites in 19 states divert patients and go back to paper documentation following an unspecified cybersecurity event that forced the health system to take down “select technology…
Continue Reading
News 5/8/24 – HIStalk
Top News
Multi-state hospital operator Steward Health Care files for Chapter 11 bankruptcy protection and seeks up to $300 million in financing to keep the doors of its 31 remaining hospitals open.
The company blames…
Steward Health Care Files for Chapter 11 Bankruptcy, Cites Financial Pressures
What You Should Know:
– Steward Health Care, the nation’s largest physician-led hospital operator, announced today that it has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of…
Continue Reading
Massachusetts sets up Steward bankruptcy response system
On Friday, the Massachusetts Executive Office of Health and Human Services launched an incident command system designed to better coordinate care response in the wake of Steward Health Care filing Chapter 11 bankruptcy, and be…
Continue Reading
Genetic testing company Invitae files for bankruptcy
Invitae, a medical genetic testing company, has filed for Chapter 11 bankruptcy and intends to continue the case without disrupting operations using cash on hand and while seeking to sell its business. The San Francisco-based…
Continue Reading