Two Seattle-based not-for-profits have teamed up to scale up, essentially. Community Psychiatric Clinic (CPC) and Navos, a wholly owned affiliate of MultiCare Health System, announced their merger on June 14. Navos is the public behavioral health provider for more than 40% of all youth served in the King County community behavioral health system, and is the largest […]
Steward Health acquired eight hospitals spread through Florida, Ohio and Pennsylvania from the financially troubled Community Health Systems.
It’s no secret that Community Health Systems (NYSE: CYH) has a $15 billion debt load, and that despite its spin-off of Quorum Health Corp. (NYSE: QHC) last April, its financial performance hasn’t improved. During the company’s third-quarter earnings call on November 1, CEO Wayne Smith said the company was in discussions to shed 17 of its […]