Novo Nordisk announced a big purchase on Thursday to augment its rare disease portfolio. The Danish pharmaceutical giant is shelling out $20 per share in cash to acquire clinical-stage biotech Forma Therapeutics, which focuses on rare hematologic diseases. The deal represents a total equity value of $1.1 billion, about $425 million more than Forma’s current market cap. The transaction is […]
Vanderbilt University Medical Center in Nashville, Tenn., uses mobile devices with audio and video capabilities for its “virtual sitter” program, which allows nurses to monitor multiple patients at once. “They kind of look like a robot that you would see in a cartoon,” Karen Hughart, senior director of nursing informatics at VUMC, says of the devices. VUMC’s virtual sitter program […]
Total Medicaid managed care spending across all 50 states saw an increase last year. In fact, spending checked in at $420.5 billion in 2021, compared to $359.6 billion in 2020, according to data collected in the annual CMS-64 Medicaid expenditure report. Additionally, home and community-based services make up a big chunk of this spending. At $69.5 billion, these services are […]
Medable is arguably the strongest company in the decentralized clinical trials space. If fundraising is any measure of success, the company has raised more than $521 million since its founding in 2012 — significantly more than its competitors, which include Curebase, Science 37 and Clara Health. On Tuesday, Medable made its product offerings more robust by rolling out two new […]
Wellstar Health System plans to close Atlanta Medical Center, a 532-bed hospital that has shouldered a disproportionate load of the area’s uncompensated care. The not-for-profit system will start winding down services and close the hospital by Nov. 1 after determining the facility cannot sustain waning revenue and surging labor and supply costs, Wellstar said in a news release issued late Wednesday. Atlanta […]
THCB Gang Joining Matthew Holt (@boltyboy) on #THCBGang today at 1pm PT 4pm ET are THCB regular writer and ponderer of odd juxtapositions Kim Bellard (@kimbbellard); the double trouble of vaunted futurists Ian Morrison (@seccurve) & Jeff Goldsmith, and Consumer advocate & CEO of AdaRose, Lygeia Ricciardi (@Lygeia). If you’d rather listen, the “audio only” version it is preserved as […]
The Biden-Harris Administration announced a new proposed rule Wednesday that would simplify the process for people to enroll and renew coverage in Medicaid, the Children’s Health Insurance Program (CHIP) and Basic Health Programs. If finalized, the rule would limit renewals to once every 12 months, allow applicants 30 days to respond to information requests and require consistent renewal processes across […]
Bayhealth Hospital Sussex Campus in Milford, Del., is planning to expand its campus with a new inpatient rehabilitation facility, according to the website milfordlive.com. The 74,000-square-foot project will include 40 beds, with flex space for up to 10 additional beds.