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A 100,000-square-foot addition will enable Almac to significantly expand its supply-chain services for clinical trials. → Read More
Rising costs continue to outpace revenue at Philadelphia-area health systems, leading to widespread losses. → Read More
Medical Properties Trust said it doesn't expect receive any rent on the Crozer hospitals this year, an indication that the system continues to struggle financially. → Read More
The Doylestown nonprofit is also getting relief from banks as it fails to meet loan conditions because of cash losses. → Read More
The Chester and Montgomery County school districts fought back against Tower's bid for property tax exemption at four hospitals it bought from the for-profit Community Health Systems Inc. in 2017. → Read More
As Tower takes steps toward its financial recovery, the ratings agency deals another blow to the struggling Pennsylvania healthcare system. → Read More
Jeff Marrazzo, former CEO of Philadelphia biotech firm Spark Therapeutics, has had Shapiro's ear on economic and business matters. Here's what he thinks. → Read More
Inglis management said the Medicaid rate increase changed the nonprofit's financial picuture, making it possible to continue operating the nursing home that traces its roots to 1877. → Read More
The Kennett Square company, now controlled by a New York investment firm, will take over 35 ProMedica sites in Pennsylvania and four in Colorado. → Read More
Houlihan Lokey replaced an investment bank that was focused on selling hospitals and other businesses. Tower has extraordinarily low levels of cash for a health care provider of its size. → Read More
The proposed sale of the nursing home for people with disabilities has hit some resistance. → Read More
St. Joe’s said it has a “definitive agreement” to merge with the Pennsylvania College of Health Sciences in Lancaster, the school founded by Lancaster General Hospital, which is owned by Penn. → Read More
Campbell plans to add 330 jobs to its Camden headquarters and spend $50 million expanding and upgrading its headquarters. → Read More
The accident happened near the intersection of Tasker Avenue and Columbus Boulevard. → Read More
A pandemic-era rule that prohibited states from cutting off Medicaid for most people who no longer qualified or didn't reapply annually as normally required is ending. Thousands could lose coverage. → Read More
Jefferson's CEO said he was hired to make a system out of the hospitals Jefferson accumulated between 2015 and 2021. → Read More
The grant, to be paid over five years, will allow the health center to serve 2,000 more patients annually. → Read More
Temple's partners in the acquisition are Philadelphia College of Osteopathic Medicine and Redeemer Health. They paid Tower Health for $28 million for the Philadelphia facility. → Read More
Philadelphia has seen a record-high number of hit-and-run fatalities this year. → Read More
Mr. Young spent his career on the financial side of the wholesale pharmaceutical distributor now known as AmeriSource Bergen. → Read More