Philadelphia is joining the San Francisco Bay area, Boston, and San Diego as a host of a Lilly Gateway Labs biotech incubator. The incubator is in Breakthrough Properties' building at 2300 Market St.
The loss for the three months that ended Sept. 30 included $19 million in restructuring charges. Jefferson's recently announced layoffs of 600 to 700 people were not part of that.
The healthcare job cuts come on the heels of Jefferson Health's announcement last month that it was laying of 1% of its employees, or 600 to 700 people.
An Inquirer analysis showed that profit margins in the last three fiscal years are an average of 4 percentage points lower than they were in the three years before the pandemic.
ChristianaCare and Main Line Health slashed their depreciation expenses by extending the maximum expected life of buildings and other investments. Jefferson did so last year.
The move came amid preparations for a bankruptcy auction of the two shuttered hospitals and difficult negotiations over tax liabilities in Springfield Township.
The private company is expanding from veterinary offices to include ophthalmology and fertility practices. The strategy shift comes with a name change to Terramed from Terravet Real Estate Solutions.
The North Philadelphia health system noted strong growth in its pharmacy business and better inpatient revenue caused by higher acuity patients and growth in organ transplants.
Prospect previously sold Crozer's Taylor Hospital to local investors for $1 million and Delaware County Memorial Hospital to Upper Darby School District for $600,000.
Diana Dawson's family accused an aide from Bayada Health Care of lying about not witnessing the fall that sparked a monthlong decline, ending with 74-year-old's death.
Wills is trying to convince private insurers to pay it the same as other hospitals, but faces pushback because its Center City flagship is not a comprehensive hospital.
The sale of the Ridley Park hospital included a property tax stipulation reducing the fair market value of the property to $1 million from $60 million.
Capital has had long-term financial troubles, but the healthcare industry overall is continuing to struggle to regain its financial footing following the coronavirus pandemic disruption.
The U.S. Attorney for the Eastern District of Pennsylvania joined two whistleblower lawsuits that were filed in 2016 and 2017, when the nursing homes were owned by Carlyle Group's HCR ManorCare.
The University of Pennsylvania Health System had a roughly 2% operating margin in fiscal 2025. Management's long-term target is to get Penn back to the 4% margins it had before the pandemic.