Market Chatter

Morning Headlines 4/16/18

CHS lays off dozens of corporate employees

Nashville-based hospital chain Community Health Systems lays off at least 70 corporate IT employees. Rumors suggest data center and deployment areas were hit hard.

GE Healthcare IT unit carveout backed by US$850m in loans

Veritas Capital has arranged $850 million in leveraged loans to support its acquisition of GE Healthcare’s IT business for $1.05 billion.

CVS Hires Doctor From Health Startup in Sign of Medical Ambition

CVS Health hires the chief medical officer of Iora Health as CMO for its MinuteClinic division, perhaps signaling CVS’s interest in providing services to Medicare Advantage patients as part of its proposed merger with Aetna.

Physician turned entrepreneur begins work with new patients: Union-Tribune and L.A. Times

Billionaire NantHealth CEO Patrick Soon-Shiong, MD outlines his plans to take over ownership of The Los Angeles Times, The San Diego Union-Tribune, and several Southern California-based community papers, a deal valued at $500 million that is expected to close later this month.

Medical records of Texas Health patients may have been exposed in data breach

Texas Health Resources notifies 4,000 patients of a data breach involving email accounts last October.

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