Diana Health Raises $11 Million in Series A Funding to Redesign Health Programs at Hospitals
New York City-based Diana Health has secured $11 million in a Series A funding round for redesigning maternity and women’s health programs at hospitals. In conjunction with the funding round, Diana Health has also formed a collaboration with TriStar StoneCrest Medical Center, part of TriStar Health, the local health system of Nashville-based hospital giant HCA Healthcare Inc. Diana Health will open its first physical location and launch its first end-to-end maternal care program with TriStar StoneCrest in Smyrna, Tennessee in the coming weeks. The funding, co-led by two venture capitalists firms, LRVHealth and .406 Ventures, with participation from existing investor AlleyCorp. will be used... Read More »
Inspira Health Network Acquires Salem Medical Center
Inspira Health Network, a charitable nonprofit health care organization in New Jersey, has a new system under its banner. The health system has announced Salem Medical Center will be joining its network. Salem Medical Center is an 87-bed facility owned by Salem County Hospital Corp., a not-for-profit that was formed to acquire the facility from publicly traded Community Health Systems Inc. The hospital was purchased in 2019 and valued the facility at $1 million. Salem Medical Center recently added a 26-bed Behavioral Health Unit and offers a variety of healthcare services. In 2019, the hospital generated $53 million in net patient revenue but recorded an operating loss of nearly $1... Read More »
Highlands Hospital Joins Penn Highlands Healthcare
Penn Highlands Healthcare, a not-for-profit health system located through northern Pennsylvania, has added another facility under its banner. Highlands Hospital, formerly known as Cottage State Hospital, has agreed to join the Penn Highlands network, which is expected to take full effect in early 2022. Highlands Hospital provides patient care as a non-profit general acute care hospital located in Laurel Highlands of Southwestern Pennsylvania. Highlands Hospital is in affiliation with Cleveland Clinic Children’s Center for Autism helps to provide families educational and behavioral treatment. The hospital has 61 beds and generated approximately $26.7 million in revenue in 2020, but the... Read More »
LifePoint Health and Kindred Healthcare Launch New Company ScionHealth
On October 26th, LifePoint Health and Kindred Healthcare announced plans to establish a new healthcare company operating under the name ScionHealth upon closing of their previously announced transaction. Established in 1999, LifePoint Health is a leading healthcare company dedicated to its mission of Making Communities Healthier®. Through its subsidiaries, the company provides quality inpatient, outpatient and post-acute services close to home. Headquartered in Brentwood, Tennessee, LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across 29 states. Louisville, Kentucky-based Kindred Healthcare is the... Read More »
MountainStar Healthcare Acquires Steward Health Care Utah Portfolio
MountainStar Healthcare, the Utah-based headquarters of HCA Healthcare’s Mountain Division, has acquired five Utah hospitals from Steward Health Care, expanding its presence in the West. Founded in 2006, MountainStar Healthcare is an integrated system of hospitals, physician clinics and outpatient centers that is making healthcare more accessible and convenient. MountainStar’s eight hospitals and numerous care centers serve the Wasatch Front, from Logan to Payson and beyond, with care also available throughout Salt Lake County, Weber County, Davis County and Utah County. Steward Health Care is the largest physician-owned private for-profit health care network in the United... Read More »Schedule a demo
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