NOTICE of ANNUAL MEETING and PROXY STATEMENT Dear Fellow Shareholders
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Hospitals Hungry Under Health Reform
20120924-NEWS--0001-NAT-CCI-CD_-- 9/21/2012 6:41 PM Page 1 ® www.crainsdetroit.com Vol. 28, No. 40 SEPTEMBER 24 – 30, 2012 $2 a copy; $59 a year ©Entire contents copyright 2012 by Crain Communications Inc. All rights reserved Page 3 Bills aim to African violence Hospitals hungry under touches auto supply chain flow funds health to sewer Electronics retailer unplugs Michigan search reform projects Inside New loan, grant Tom Henderson on how Systems prowl not to save Belle Isle, for acquisitions programs sought Page 4 BY CHAD HALCOM BY AMY LANE Crain’s Lists CRAIN’S DETROIT BUSINESS SPECIAL TO CRAIN’S DETROIT BUSINESS The need for efficiency under Communities may get some help Largest IT companies, health care reform may be lead- JEFF JOHNSTON/CDB from Lansing in managing and im- ing to a wave of consolidation and proving one of the most critical largest architectural firms, the possible entry of more for- people covered by Medicaid and and costly pieces of their infra- Pages 18, 19 profit health care companies into those newly insured in 2014. structure — their aging sewer sys- Michigan. Other changes under reform in- tems. Crain’s reported Sept. 16 that clude hospitals working with On the move in the Legislature This Just In Beaumont Health System has been physicians and other providers to are bills that would take about $654 approached by for-profits Van- contract as accountable care or- million remaining from a $1 billion ganizations. ACOs have the po- environmental bond passed by vot- 2 area defense contractors guard Health Systems Inc. -
Federal Register/Vol. 63, No. 75/Monday, April 20, 1998/Notices
Federal Register / Vol. 63, No. 75 / Monday, April 20, 1998 / Notices 19495 advice, pursuant to § 225.28(b)(9) of FEDERAL TRADE COMMISSION 7A(b)(2) of the Act permits the agencies, Regulation Y. in individual cases, to terminate this Granting of Request for Early Board of Governors of the Federal Reserve waiting period prior to its expiration Termination of the Waiting Period System, April 15, 1998. and requires that notice of this action be under the Premerger Notification Rules published in the Federal Register. Jennifer J. Johnson, The following transactions were Deputy Secretary of the Board. Section 7A of the Clayton Act, 15 granted early termination of the waiting [FR Doc. 98±10367 Filed 4±17±98; 8:45 am] U.S.C. 18a, as added by Title II of the period provided by law and the BILLING CODE 6210±01±F Hart-Scott-Rodino Antitrust premerger notification rules. The grants Improvements Act of 1976, requires were made by the Federal Trade persons contemplating certain mergers Commission and the Assistant Attorney or acquisitions to give the Federal Trade General for the Antitrust Division of the Commission and the Assistant Attorney Department of Justice. Neither agency General advance notice and to wait intends to take any action with respect designated periods before to these proposed acquisitions during consummation of such plans. Section the applicable waiting period. TRANSACTION GRANTED EARLY TERMINATION ET date Trans. No. ET req status Party name 30±MAR±98 ........................ 19981991 G Mr. Francois Pinault. G Brylane Inc. G Brylane Inc. 19982054 G Metropolitan Life Insurance Company. G Jay L. -
Labcorp and the Clinical Lab Testing Industry
UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF NORTH CAROLINA GREENSBORO DIVISION ) SHERYL ANDERSON, MARY CARTER, ) TENA DAVIDSON, ROBERT ) HUFFSTUTLER, RAMZI KHAZEN, ) CASE NO. 1:17-cv-193 CHAIM MARCUS, LILY MARTYN, ) JONAH MCCAY, HOLDEN SHERIFF, ) VICTORIA SMITH, MICHELLE ) JURY TRIAL REQUESTED SULLIVAN, SHONTELLE THOMAS, ) JOSEPH WATSON, and MICHAEL ) WILSON individually and on behalf of all ) others similarly situated, ) ) Plaintiffs, ) ) vs. ) ) LABORATORY CORPORATION OF ) AMERICA HOLDINGS, ) ) Defendant. ) ) AMENDED CLASS ACTION COMPLAINT Case 1:17-cv-00193-TDS-JLW Document 42 Filed 08/10/18 Page 1 of 142 TABLE OF CONTENTS INTRODUCTION ............................................................................................................... 1 JURISDICTION AND VENUE .......................................................................................... 7 PARTIES ............................................................................................................................. 7 A. Plaintiffs .............................................................................................................. 7 B. Defendant ............................................................................................................ 9 FACTUAL ALLEGATIONS .............................................................................................. 9 A. LabCorp and the Clinical Lab Testing Industry ................................................. 9 B. LabCorp’s Business Model .............................................................................. -
Assessing Responses to Increased Provider Consolidation in Three Markets: Detroit, Syracuse, and Northern Virginia
Assessing Responses to Increased Provider Consolidation in Three Markets: Detroit, Syracuse, and Northern Virginia By Sabrina Corlette, Jack Hoadley, Katie Keith, and Olivia Hoppe November 2018 Table of Contents Introduction and Approach . 1 Conclusion . 4. Case Study: Detroit . 5 . Case Study: Syracuse . 10. Case Study: Northern Virginia . 16 . Acknowledgments . .22 . Assessing Responses to Increased Provider Consolidation Introduction and Approach Rising health care prices have increased concerns Insurers—under pressure from employer purchasers and about hospital and health system consolidation policymakers to keep costs affordable while maintaining among policymakers, regulators, employers, and other health care quality—are thus exploring a range of strategies purchasers of health coverage . Although merging to counter provider consolidation in their markets . The ability hospitals and health systems claim they can achieve to implement and successfully deploy these strategies can greater efficiencies through their consolidation, the vary significantly, depending on the market in which insurers economic literature almost universally finds that hospitals are operating . that merge have prices above those of surrounding In a series of six market-level, qualitative case studies, hospitals .1 More broadly, markets with increased levels we assess the impact of recent provider consolidations of provider concentration, regardless of the reason, tend and overall provider concentration, the ability of market to see higher prices .2 Indeed, increases in hospital prices participants (and, where relevant, regulators) to respond have been a key factor driving the growth of commercial to those consolidations, and effective strategies for health insurance costs over the past decade .3 constraining cost growth while maintaining clinical quality . As prices have risen, employers have shifted an ever Our case studies focus on the commercial insurance greater share of the costs to employees . -
Itdothealth II the Meeting at Harvard on a Health Information Technology Platform
ITdotHealth II The Meeting at Harvard on a Health Information Technology Platform SEPTEMBER 10-11, 2012 COUNTWAY LIBRARY OF MEDICINE MINOT ROOM, 5TH FLOOR 10 SHATTUCK ST. BOSTON, MA 02115 S: Agenda Monday, September 10, 2012 11:00am Lunch, Networking Ballard/Lahey Rooms 1:00pm Introduction Minot Room Kenneth Mandl Director, Intelligent Health Lab, Boston Children’s Hospital Infor- matics Program; Associate Professor, Harvard Medical School 1:15pm Making EHR Apps Substitutable: Theory & Experience Minot Room Joshua Mandel Lead Architect, SMART Platforms; Research Faculty, Boston Chil- dren’s Hospital Informatics Program; Instructor, Harvard Medical School 1:45pm Apps & APIs: Innovating With and Around Vendor and Homegrown EHRs Minot Room Moderator: Brian Athey Chair, University of Michigan Medical School, Depart- ment of Computational Medicine and Bioinformatics; Professor, UM Med- ical School Howard Goldberg Senior Corporate Manager, Partners Health Care; Lecturer, Har- vard Medical School John Halamka Chief Information Officer, Beth Israel Deaconess Medical Center; Co-Chair, National Health IT Standards Committee; Professor, Harvard Medical School John Hutton Director of Biomedical Informatics, Cincinnati Children’s Hospital; Professor, University of Cincinnati College of Medicine John Mattison Chief Medical Information Officer, Kaiser Permanente 3:00pm Keynote Address: “Data, Predictions, and Decisions: On Computational Futures Minot room for Evidence-Based Healthcare” Eric Horvitz Distinguished Scientist & Deputy Managing Director, -
Tenet Reports Results for the First Quarter Ended March 31, 2017
Tenet Reports Results for the First Quarter Ended March 31, 2017 Reported a net loss from continuing operations of $52 million or $0.52 per share. Adjusted diluted earnings per share from continuing operations was a loss of $0.27. Adjusted EBITDA was $527 million including a $7 million benefit from a change in pension accounting. Same-hospital patient revenue declined 1.0% and reflects a 1.6% increase in revenue per adjusted admission offset by a 2.5% decline in adjusted admissions. Hospital segment Adjusted EBITDA totaled $309 million. Ambulatory Care segment revenue increased 6.1% on a same-facility system-wide basis, with cases increasing 0.5% and revenue per case increasing 5.6%. Adjusted EBITDA for the Ambulatory segment was $153 million, a 12.5% increase, representing a margin of 33.6%. Revenue from Conifer Health Solutions increased 4.4% with revenue from third parties increasing 11.5%. Conifer generated $65 million of Adjusted EBITDA, a 3.2% increase, representing a margin of 16.2%. Net cash provided by operating activities was $186 million, a $39 million improvement when compared to $147 million in the first quarter of 2016. Adjusted Free Cash Flow was $9 million, a $2 million decline when compared to $11 million in the first quarter of 2016. Reached new multi-year agreement with Humana to restore in-network access to all Tenet providers between June 1, 2017 and October 1, 2017. Entered into definitive agreement to sell acute care hospitals and related operations in Houston to HCA, with net proceeds anticipated to be approximately $725 million. -
Our Five Pillars Of
L aboratory Corporation of America 2011 Annual Report Our Five Pillars of ® Laboratory Corporation of America Holdings Success 358 South Main Street Burlington, NC 27215 336-584-5171 www.labcorp.com 2011 ANNUAL REPORT 120097_L01_CVR.indd 1 3/12/12 2:07 PM Laboratory Corporation OF America About LabCorp® Shareholder and Company Information Laboratory Corporation of America® Holdings, an S&P 500 company, is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing. With annual revenues of $5.5 billion in 2011, over 31,000 employees worldwide, and more than 220,000 clients, LabCorp offers more than 4,000 tests Corporate Headquarters Transfer Agent Safe Harbor 358 South Main Street American Stock Transfer & Trust Company Forward-looking statements in this annual report ranging from routine blood analyses to reproductive genetics to companion diagnostics. Burlington, NC 27215 Shareholder Services are subject to change based on various important 336-584-5171 6201 Fifteenth Avenue factors, including without limitation, competitive LabCorp furthers its scientific expertise and innovative clinical testing technology Brooklyn, NY 11219 actions in the marketplace and adverse actions through its specialized labs and the LabCorp Specialty Testing Group: The Center for Information Sources 800-937-5449 of governmental and other third-party payers. Information about LabCorp is available from www.amstock.com Actual results could differ materially from those Molecular Biology and Pathology, National -
Internship Positions Nationwide
Internship Positions Nationwide Some Potential Internships found online (Paid and Unpaid) Google https://www.google.com/about/careers/students/business-internships/ Pepsi Co. http://www.pepsicojobs.com/campus_recruiting Procter & Gamble http://us.pgcareers.com/students/internships-co-ops/ Nordstrom http://about.nordstrom.com/careers/#/student-center/main Major League Baseball http://chicago.cubs.mlb.com/mlb/help/jobs.jsp?c_id=chc Nike http://jobs.nike.com/article/internships Apple http://www.apple.com/jobs/us/students.html Microsoft https://careers.microsoft.com/students/internships Viacom http://www.viacomcareers.com/internships.html National Football League http://www.nfl.com/careers/internships Caterpillar http://www.caterpillar.com/en/careers/career-areas/college/unitedstates/intern- program.html Fortune 500 Internship Programs 1) Exxon Mobil http://www.exxonmobil.com/USA-English/HR/careers_campus.aspx 2) Wal-Mart Stores https://jobs.walmart.com/us/jobs?keywords=Internship&page=1 3) Chevron http://careers.chevron.com/students/internship_programs/default.aspx 4) ConocoPhillips http://careers.conocophillips.com/university-recruitment/ 5) General Motors http://careers.gm.com/student-center.html 6) General Electric http://talent.gecareers.com/university 7) Berkshire Hathaway https://www.bhhc.com/careers/career-opportunities/internship-opportunities.aspx 8) Fannie Mae http://fanniemae.com/portal/careers/students.html 9) Ford Motor https://corporate.ford.com/careers/students-and-recent-grads.html 10) Hewlett-Packard http://www8.hp.com/us/en/jobsathp/students-graduates/programs/internship- opportunities.html 11) AT&T http://att.jobs/careers/college 12) Valero Energy https://www.valero.com/en-us/Careers 13) Bank of America Corp. https://campus.bankofamerica.com/ 14) McKesson http://www.mckesson.com/en_us/McKesson.com/Careers/Campus%2BRecruiting/Interns.html 15) Verizon Communications http://www22.verizon.com/jobs/campus.html 16) J.P. -
HEALTHCARE TRANSACTIONS: Year in Review
HEALTHCARE TRANSACTIONS: Year in Review JANUARY 2018 NASHVILLE KNOXVILLE MEMPHIS WASHINGTON DC bassberry.com OVERVIEW On December 3, 2017, CVS Health Corp. (NYSE: CVS) announced it would purchase health insurer Aetna Inc. (NYSE: AET) for $67.5 billion, a transaction that would be one of the biggest healthcare mergers in the past decade. The proposed deal would combine the largest U.S. drugstore chain with one of the country’s largest health insurers. Although consolidation is not a new trend in healthcare, the merger between CVS and Aetna would present a new type of framework, a vertically consolidated company that offers healthcare services through CVS’s pharmacies, Minute Clinics and pharmacy benefit manager services, while also providing managed care services to Aetna’s millions of plan members. The transaction raises an intriguing question: is this the beginning of a transformational shift in healthcare? With 2017’s failure of the proposed horizontal mergers between health insurance giants still fresh, the CVS–Aetna deal could be the first of many cross-sector mergers. Indeed, only a few days after the announcement, UnitedHealth Group Inc. (NYSE: UNH), the largest U.S. health insurer, announced that it would expand its OptumCare business by acquiring approximately 300 physician practices from DaVita Inc. (NYSE: DVA). If the CVS-Aetna deal is in fact the beginning of a new era, the integration of different healthcare sectors and service lines would be a possible response to the government’s emphasis on value-based care, and could serve -
THOMAS F. FRIST, JR., MD in First Person
THOMAS F. FRIST, JR., M.D. In First Person: An Oral History American Hospital Association Center for Hospital and Healthcare Administration History and Health Research & Educational Trust 2013 HOSPITAL ADMINISTRATION ORAL HISTORY COLLECTION THOMAS F. FRIST, JR., M.D. In First Person: An Oral History Interviewed by Kim M. Garber On January 17, 2013 Edited by Kim M. Garber Sponsored by American Hospital Association Center for Hospital and Healthcare Administration History and Health Research & Educational Trust Chicago, Illinois 2013 ©2013 by the American Hospital Association All rights reserved. Manufactured in the United States of America Coordinated by Center for Hospital and Healthcare Administration History AHA Resource Center American Hospital Association 155 North Wacker Drive Chicago, Illinois 60606 Transcription by Chris D‘Amico Photos courtesy of the Frist family, HCA, the American Hospital Association, Louis Fabian Bachrach, Micael-Renee Lifestyle Portraiture, Simon James Photography, and the United Way of Metropolitan Nashville EDITED TRANSCRIPT Interviewed in Nashville, Tennessee KIM GARBER: Today is Thursday, January 17, 2013. My name is Kim Garber, and I will be interviewing Dr. Thomas Frist, Jr., chairman emeritus of HCA Holdings, Inc. In the 1960s, together with his father, Dr. Thomas Frist, Sr., Dr. Frist conceived of a company that would own or manage multiple hospitals, providing high quality care and leveraging economies of scale. Founded in 1968, the Hospital Corporation of America, now known as HCA, has owned or managed hundreds of hospitals. Known as the First Family of Nashville, the Frists have made substantial contributions to Music City through their work with the Frist Foundations and other initiatives. -
Managed Care
This year marks 30 years since the inception of C5 Group. ACI It is time to match our brand with the dynamic strides we have made. American Conference Institute See inside for details… Business Information in a Global Context May 2–3, 2016 | InterContinental Chicago Magnificent Mile | Chicago, IL EARN CLE ETHICS CREDITS American Conference Institute’s 7th Annual Advanced Forum on MANAGED CARE DISPUTES AND LITIGATION Bolstering defensive strategies in the face of growing litigation costs Gain Government Insights on the False Claims Act, from: Nicholas N. Paul Supervising Deputy Attorney General Benchmark Your Strategies Against Leading Office of the California Attorney General MCO’s: Jeremy Brieve Erin Hiley In-house industry leaders and the top litigators in the country Associate Counsel Assistant General Counsel will share their insights on how to battle the onslaught of Priority Health Molina Healthcare litigation continuing to mount against MCO’s by helping you: John Charnecki Tim McMichael COMPREHEND the inner workings of in-house counsels’ ever expanding Senior Counsel Assistant General Counsel wheelhouse Tenet Healthcare Co. Premera Blue Cross MINIMIZE RISK before, after and during a CYBER ATTACK Mark R. Chilson Elizabeth Monohan Executive Vice President Assistant General Counsel DECIPHER provisions of the Emergency Medical Treatment and Active Labor Act and General Counsel Humana Inc. CareSource BOLSTER your affirmative cost recovery litigation when a plan is a plaintiff Caroline L. Schiff A. Courtney Cox Counsel – Litigation ADAPT to a commercial consumer model in the Age of the Affordable Care Act Vice President, Litigation Humana Inc. WellCare Health Plans Inc. DEFEND and PREVENT government investigations and FCA claims Matthew R. -
Public Notice
PUBLIC NOTICE Federal Communications Commission News Media Information 202 / 418-0500 445 12th St., S.W. Internet: http://www.fcc.gov Washington, D.C. 20554 TTY: 1-888-835-5322 Report Number: 9449 Date of Report: 03/19/2014 Wireless Telecommunications Bureau Assignment of License Authorization Applications, Transfer of Control of Licensee Applications, De Facto Transfer Lease Applications and Spectrum Manager Lease Notifications, Designated Entity Reportable Eligibility Event Applications, and Designated Entity Annual Reports Action This Public Notice contains a listing of applications that have been acted upon by the Commission. Assignment of License Authorization Applications and Transfer of Control of Licensee Applications Purpose File Number Parties Action Date Action AA 0002781619 Assignor: MICRO TECHNOLOGY SOUTHEAST 03/12/2014 M Assignee: Southern Communications Services, Inc d/b/a Southern LIN Partial Assignment Call Sign or Lead Call Sign: KNIX798 Radio Service Code(s) YM Page 1 Purpose File Number Parties Action Date Action AM 0004526264 Assignor: Maritime Communications/Land Mobile, LLC 03/12/2014 Z Assignee: ATLAS PIPELINE - MID CONTINENT LLC Partitioning AND/OR Disaggregation Call Sign or Lead Call Sign: WQGF316 Radio Service Code(s) PC AA 0005224980 Assignor: Maritime Communications/Land Mobile, LLC, Debtor-in-Po 03/12/2014 Z Assignee: Shenandoah Valley Electric Cooperative Partitioning AND/OR Disaggregation Call Sign or Lead Call Sign: WQGF315 Radio Service Code(s) PC AA 0005299519 Assignor: R F DATA INC 03/12/2014 Z Assignee: BHOGAL, BALBIR Full Assignment Call Sign or Lead Call Sign: WPTX917 Radio Service Code(s) YG AA 0005344125 Assignor: FORD MOTOR COMPANY 03/13/2014 M Assignee: Nextel License Holdings 4, Inc.