Humana has agreed to sell “all or substantially all” of its minority interest in hospice and palliative care provider Gentiva to a group of investors in a deal valued at $900 million. The transaction, announced June 10, closes out Humana’s…
Financial
CalOptima Health — a managed care health plan focused on covering low-income populations in Orange County, Calif. — has allocated close to $1 billion to provider rate increases since 2024. The board of directors approved $429.6 million from reserves to…
John Quinlivan, CEO of financially challenged Montgomery, Ala.-based Jackson Hospital, has warned of imminent closure unless BCBS Alabama agrees to raise reimbursement rates to match Baptist Medical Center South, located three miles away. “We filed a brief in our bankruptcy…
St. Louis-based Ascension has completed its acquisition of ambulatory surgery center operator AmSurg, expanding its footprint to 300 ASCs nationwide. The deal, valued at about $3.9 billion, marks a significant step in Ascension’s strategy to expand outpatient services and respond…
UnitedHealth Group and CVS Health, Aetna’s parent company, are among the top 10 companies on the Fortune 500 this year. Fortune‘s June 3 list ranks the top 500 U.S. companies by revenue. Nine health payers made the cut, with 2025…
Advertisement
Blue Cross Blue Shield of Massachusetts returned to profitability in the first quarter of 2026, posting a net income of $59.6 million on $2.6 billion in revenue. For the company’s CFO, Ruby Kam, the result was meaningful, but one worth…
Pittsburgh-based Highmark Health reported $8.3 billion in revenue and $216 million in operating income for the first quarter, according to earnings results posted May 28. The organization posted $183 million in net income for the quarter and maintained $11.4 billion…
Humana’s CenterWell Pharmacy has initiated full operations at its CenterWell Pharmacy mail-order distribution center in Orlando, Fla. The $83 million investment aims to increase prescription delivery capacity in the state, according to a May 27 news release. Humana has substantial…
Philadelphia-based Thomas Jefferson University, owner of Jefferson Health, recorded an operating loss of $252.6 million (-1.9% operating margin) through the third quarter of fiscal 2026, compared to an operating loss of $29.3 million (-0.3% margin) during the same period last…
Point32Health reported an adjusted net income of $248 million in the first quarter, a sharp reversal from a $21 million adjusted net income a year prior. The insurer, parent company of Harvard Pilgrim Health Care and Tufts Health Plan, said…