A Steward Health Care-owned behavioral health hospital in Phoenix has furloughed employees following a state order to suspend operations.

Danbury, Conn.-based Nuvance Health reported a $92.1 million operating loss (-4.7% margin) for the nine months ending June 30, a slight improvement on the $110.4 million loss (-6.1% margin) posted in the same period last year. 

Renton, Wash.-based Providence saw a $600 million swing in operating performance between the first half of 2023 and the first half of 2024. 

Following Midland-based MyMichigan's acquisition of St. Louis-based Ascension Michigan locations in Standish, Tawas and Saginaw, MyMichigan CFO Mike Rose told Becker's the driving force behind the purchase was to produce efficiencies both administratively and clinically.

Orlando (Fla.) Health posted an operating income of $158.3 million (8.7% margin) in the third quarter of 2024, up from $118.2 million (7.9% margin) in the same quarter last year, according to its Aug. 23 financial report. 

Demolition began Aug. 26 on shuttered DePaul Medical Center in Norfolk, Va., and is expected to wrap up next fall, Martin Thomas, a councilman in Norfolk, shared in an Aug. 22 Facebook post. 

New Orleans-based Ochsner Health posted an operating income of $101.5 million (2.7% margin) for the six months ended June 30, a significant increase from the $28.2 million operating gain (0.8%) margin reported in the same period last year. 

Some employees at East Ohio Regional Hospital in Martins Ferry, Ohio, did not receive their latest paychecks on time due to a processing issue.

Warren (Ohio) City Hospital, a collaborative group of business and community leaders, has raised enough money to acquire Dallas-based Steward Health Care's Warren, Ohio-based Trumbull Regional Medical Center, a spokesperson for the organization told Becker's.

Pennsylvania state Sen. Tim Kearney has raised concerns about the lack of transparency and details around the planned sale of Upland, Pa.-based Crozer Health and has called on the state attorney general to step in and conduct a thorough analysis of the deal, the Daily Times reported Aug. 22.

During 2023, healthcare systems, hospitals, and practices made progress rebounding from the pandemic’s many disruptions. While momentum remains positive, significant headwinds persist.

Philadelphia-based University of Pennsylvania Health System's proposed acquisition of Doylestown (Pa.) Health is expected to be credit positive for Doylestown and credit neutral for UPHS, according to Moody's. 

New Orleans-based Ochsner Health is eliminating about $366 million of medical debt for patients across the system, The Times-Picayune reported Aug. 21.

Greensboro, N.C.-based Cone Health reported a nine-month operating income of $15.2 million (0.7% margin) up from $11.5 million (0.6% margin) posted over the same period in 2023, according to its Aug. 23 financial report. 

Moody's upgraded Baltimore-based Mercy Health Services' rating to "A3" from "Baa1."

Two weeks after Kettering Health shared plans to replace Greene Memorial Hospital in Xenia, Ohio, with a $44 million medical facility, city officials have implemented a 60-day moratorium on standalone emergency room facilities.

Tenet Healthcare saw its stock price hit a 23-year high this week, landing at $160.50 as of Aug. 23.

Dallas-based Steward Health Care's closure plans for Trumbull Regional Medical Center and Hillside Rehabilitation Hospital, both in Warren, Ohio, will result in 944 employees being laid off, according to WARN notices filed Aug. 21 and Aug. 22.

Private equity firm Arsenal Capital Partners has signed a definitive agreement to acquire revenue cycle management company Knowtion Health. 

San Diego-based Scripps Health posted an operating income of $75.8 million (6.2% margin) in the third quarter of 2024, up from an operating loss of $33.9 million (-3.2% margin) posted over the same period last year.