UnitedHealth Funds for Cyberattacks on Care Suppliers Prime $three.three Billion
Reuters experiences that greater than 40% of the funds went to safety-net hospitals and federally certified well being facilities serving high-risk sufferers and areas. In different trade information, Moderna wins $750 million to develop flu vaccines; Steward Well being Care to promote its physician community; and extra.
Reuters: UnitedHealth Group paid greater than $three.three billion to healthcare suppliers affected by cyberattacks
U.S. insurer UnitedHealth Group (UNH.N) mentioned Wednesday it has superior greater than $three.three billion to date to care suppliers affected by a cyberattack final month on the Change Healthcare insurance coverage claims system. UnitedHealth mentioned it has paid greater than 40% of that complete to so-called safety-net hospitals and federally certified well being facilities that serve high-risk sufferers and communities. (three/28)
In different healthcare trade information:
Reuters: Moderna secures $750 million from Blackstone Life Sciences to develop flu vaccines
Moderna (MRNA.O) mentioned Wednesday that Blackstone's (BX.N) life sciences division would provide $750 million to assist fund the event of its flu vaccines, bolstering the corporate's efforts to advance a number of vaccines within the face of a pointy drop in gross sales of its flu vaccine. -19 injections. Moderna is creating a number of new vaccines, together with these towards most cancers and respiratory syncytial virus (RSV), leading to excessive R&D spending (Leo and SK, three/27).
Reuters: Blackstone cures two illnesses with a single shot of Moderna
Lending to an organization is ok; Taking a portion of your most promising investments is best. As greater capital prices make spending choices harder for CEOs and buyout companies concurrently scrambling to take a position money reserves, the deal opens a brand new tab between Blackstone (BX.N) and Moderna ( MRNA.O) filed Wednesday and provides a sly remedy. . The onerous finish of such offers: giving up the worth of probably profitable developments. (Guilford, three/27)
Fashionable Healthcare: Kaiser Permanente Expands PACE Nationwide with Joint Enterprise
Kaiser Permanente and well being care funding agency City Corridor Ventures on Wednesday introduced a three way partnership, Habitat Well being, that may present built-in dwelling and facility-based well being care providers to low-income seniors nationwide. Habitat Well being will present providers by means of the Complete Senior Care Program, a care mannequin funded by Medicare and Medicaid. Executives at each organizations wouldn’t disclose monetary particulars of the for-profit firm, which is able to open its first two PACE applications in Los Angeles and Sacramento, California, in 2025. (Eastabrook, three/27)
The CT Mirror: CT approves deal between Prospect Medical and YNHH, paving the way in which on the market
After 16 months of consideration, the state Workplace of Well being Technique on Wednesday permitted an utility for a Certificates of Want from Yale New Haven Well being, clearing the way in which for it to buy three troubled hospitals owned by Prospect Medical Holdings. (Altimari and Carlesso, three/27)
AP: Steward Well being Care reaches settlement to promote its nationwide community of docs to Optum
Steward Well being Care, the financially distressed hospital operator, has reached an settlement to promote its nationwide community of physicians to Optum, a subsidiary of UnitedHealth Group, as it really works to stabilize its funds. The transfer comes as Gov. Maura Healey has mentioned state displays are monitoring the 9 well being care services operated by Steward Well being Care in Massachusetts, together with hospitals in a number of the state's poorest communities. The Dallas-based firm operates greater than 30 hospitals nationwide. (LeBlanc, three/27)
Fashionable Healthcare: Tenet Healthcare Completes Sale of four Hospitals to UCI Well being
The College of California Irvine well being system mentioned Wednesday it accomplished the acquisition of 4 Tenet Healthcare hospitals and their affiliated outpatient places in Southern California in an $800 million deal. The settlement encompasses Lakewood Regional Medical Middle, Los Alamitos Medical Middle, Fountain Valley Regional Hospital and Medical Middle and Placentia-Linda Hospital, which are actually a part of Orange, California-based UCI Well being. (Desilva, three/27)
Axios: Hospital Cuts Defy Expectations of Put up-COVID Rebound
Whilst monetary situations enhance throughout U.S. well being programs, a collection of current tales about layoffs or unit closures underscore a posh image for the trade. Excessive inflation, worsening reimbursements and more and more fierce competitors for outpatient providers are difficult the rebound hospitals anticipate post-COVID as sufferers search delayed care. (Cane, three/28)
Fashionable Healthcare: Walgreens-Backed VillageMD to Shut 5 Nevada Clinics
Walgreens' VillageMD is including Nevada to the checklist of states the place it’s closing clinics. The first care supplier will shut 5 clinics in Nevada to exit the state, efficient April 30. (Hudson, three/27)
Additionally –
Reuters: J&J can problem proof linking its talc to most cancers, US decide guidelines
Johnson & Johnson (JNJ.N) opens a brand new tab can have a brand new likelihood to problem scientific proof linking talc to ovarian most cancers, a federal decide dominated Wednesday, probably halting greater than 53,000 lawsuits the corporate has filed. faces now for its talc merchandise. . In a short written order, U.S. District Decide Michael Shipp in Trenton, New Jersey, who’s overseeing lawsuits which have been consolidated in his court docket, mentioned current adjustments within the legislation and new scientific proof require a brand new evaluate of the proof linking J&J merchandise to ovarian most cancers. (Knauth, three/27)