UnitedHealth Group's third-quarter earnings soared 26% to beat Wall Street expectations as its growing Optum business segment once again helped the nation's largest health insurer.
Hospital company stock prices were mixed on Friday after the news that the Trump administration would end financial support for ACA enrollees' cost-sharing.
The Dignity Health and Catholic Health Initiatives deal is still on, Dignity leaders said in a conference call Friday, marking about a year since the merger plans were initially announced.
Big hospital chains like HCA and Tenet expect to see a dent in their third-quarter earnings thanks to hurricanes and soft admissions. While hurricane damage may be a short-term issue, sinking admissions are here to stay industrywide.
Trevor Fetter, the outgoing CEO of Tenet Healthcare, is to receive a severance package of $22.9 million and $19.4 million in pension payments when his replacement is found, according to Tenet financial documents.
A $1.4 billion investment gain covered a 2017 decline in operating income largely caused by Ascension's more generous charity policies.
The remaining 17 health plans and HMOs started by hospital systems since 2010 lost money in 2016 and at least six others have gone out of business or are in the process of winding down.
Summa Health in Akron, Ohio, has had its Baa1 rating placed under review for downgrade by Moody's Investors Service, affecting $351 million of debt.
Envision Healthcare Monday announced new leadership positions amid falling stock prices.
Catholic Health Initiatives says it has found a buyer for its Medicare Advantage insurance plans.
Tenet's share rose sharply in after-hours trading Wednesday amid reports that the hospital chain is exploring a possible sale of the company.
The healthcare industry produced 20,200 jobs in August, less than half of July's 40,900 new jobs added.