Portland-based Maine Medical Center and Southern Maine Health Care on June 1 combined their hospital licenses and medical staff to establish a multi-campus medical center known as MaineHealth Maine Medical Center. 

New Hyde Park, N.Y.-based Northwell Health inked a deal with New York Attorney General Letitia James to increase financial assistance for uninsured patients and patients with high-deductible health plans who struggle to pay medical bills.

Bartlett Regional Hospital in Juneau, Alaska, has been losing about $1 million a month since mid-2020 and needs to make some tough decisions about service cuts to ensure its survival, according to local news outlet KTOO.

Escondido, Calif.-based Palomar Health and AmSurg have formed a joint venture with the health system's Poway (Calif.) Surgery Center. 

Citadel CEO Ken Griffin is donating $12 million to Hospital for Special Surgery in New York City, marking another gift from the billionaire to hospitals in 2024.

U.S. bankruptcy Judge Chris Lopez authorized the sale dates for Dallas-based Steward Health Care's 31 hospitals during a June 3 hearing. 

Reno, Nev.-based Renown Health posted an operating income of $32.4 million in the first quarter of 2024, up from an operating loss of $2.1 million in the same quarter last year, according to its May 28 financial report. 

Norfolk, Va.-based Sentara Health posted an operating income of $148.3 million in the first quarter of 2024, up 20% from $123.5 million posted over the same period last year, according to its May 14 financial report. 

West Reading, Pa.-based Tower Health has secured more than $142 million through a debt refinancing deal with bondholders, nearly doubling its days of cash on hand to almost 60 days, a spokesperson for the health system confirmed to Becker's. 

Traverse City, Mich.-based Munson Healthcare is continuing to deal with ongoing operational challenges and is in the process of making "difficult decisions" to ensure care for the community. 

The All of Us Research Program run in collaboration by the University of Arizona in Tucson and Banner Health in Phoenix plans to lay off 45 employees due to reduced federal research funding, according to an Arizona WARN notice filed May 28. 

Milwaukee-based Froedtert ThedaCare Health posted an operating income of $111.6 million (3% margin) in the nine months ending March 31,compared to $40.3 million (1.5% margin) in operating income during the same period the previous year. 

Manatee Memorial Hospital in Bradenton, Fla., is revising its charity care policies due to funding shortfalls, a move the investor-owned hospital called a "difficult, yet responsible, fiscally prudent decision," according to a June 3 report by the Sarasota Herald-Tribune.

From a New York City hospital striking a 10-year agreement with Med–Metrix to R1 RCM allowing its two biggest shareholders to discuss a potential joint buyout of the company, here are seven RCM headlines to know from May:   

Nonprofit hospital margins hit 4.3% in April, up 33% year over year, according to Kaufman Hall's "National Hospital Flash Report" released June 3.

Rehoboth McKinley Medical Center in Gallup, N.M., was recently hit with a $68 million malpractice verdict and a district court judge has ordered the hospital to put up a bond of more than $100 million before it can file an appeal, Source NM reported May 31.

New York City-based Mount Sinai posted an operating income of $11.6 million in the first quarter of 2024, down from an operating income of $45.3 million over the same period last year, according to its May 30 financial report. 

Hospital expenses decreased month over month in March but remained high compared to 2023 numbers, according to Kaufman Hall's most recent "National Hospital Flash Report."

A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.

New Hyde Park, N.Y.-based Northwell Health reported an operating income of $73 million in the first quarter of 2024, up from a $22.6 operating loss in the same quarter in 2023, according to its May 30 financial report.