Hospitals have reported 66 CEO exits in the first six months of 2024, down 19.5% from the 82 exits reported through the same period last year. The finding is from a July 25 report from Challenger, Gray & Christmas, an executive coaching firm that examines CEO turnover in the U.S.

Hospital CEO exits dip 19.5%

HCA Healthcare and Tenet Healthcare, two of the largest for-profit health systems in the U.S., reported higher net incomes in the second quarter of this year than in the same period of 2023. Ten things to know:. HCA Healthcare. 1. Nashville, Tenn.-based HCA Healthcare, a 188-hospital system, reported revenues of...

HCA, Tenet profits spike in Q2: 10 things to know

Cosmin Pitigoi started his first CFO job in March, but he doesn’t quite have the air of a rookie, having arrived at the post after 20 years at one of the highest-flying and most innovative growth companies in the technology sector. Pitigoi, who had been senior vice president of...

Longtime PayPal exec guides Flywire’s growth: CFO Cosmin Pitigoi

Tenet Healthcare CEO Saum Sutaria, MD, said that as the for-profit system fully emerges from the pandemic, its "repositioned portfolio of businesses is generating stronger results with attractive margins and strong free cash flow generation." "The mix of businesses can thrive in any variety of political and regulatory environments as...

Tenet built to 'thrive in any variety of political and regulatory environments': CEO

Orthopedics remains a strong area for ASCs, Tenet Healthcare's CEO Saum Sutaria, MD, said in a July 24 quarterly earnings call. Tenet's ASC business, Dallas-based United Surgical Partners International, saw $1.14 billion in revenue during the second quarter — a 21.1% increase year-over-year. In the second quarter Tenet grew...

The No. 1 'growth vector' for ASCs, per Tenet Healthcare's CEO

North Carolina State

Greenville, NC

Medical device maker Nipro Medical Corp. is building a $397.8 million facility in Greenville, North Carolina, Gov. Roy Cooper stated in a July 17 press release. The 550,000-square-foot plant will create 232 jobs and produce dialyzers and precision needles for the healthcare industry that support people with diabetes, chronic kidney disease and other renal health issues, according to Nipro.

Nipro Medical Corp. to build $398M North Carolina plant

Tampa, FL

Tampa General Hospital researchers have developed a new device that could extend the usability of transplant hearts by three hours. The Synchronization Modulation Electric Field device maintains the sodium-potassium pump functions and generates adenosine triphosphate modules. It can effectively work in situations with limited or lack of ATP supply, such as in hypoxia, according to a July 24 system news release. This allows the donor hearts to be protected for up to eight hours during transit and improves the organ's function.

Tampa General researchers develop new heart transplant device

Walmart has opened 25 new autoimmune-focused specialty pharmacies across the U.S. The latest openings bring the company's total number of autoimmune-focused specialty pharmacy locations to 31, according to a July 25 news release shared with Becker's and an announcement from Kevin Host, PharmD, Walmart's senior vice president of pharmacy, on his LinkedIn page. The newest locations are in Alabama, Idaho, Oregon, Pennsylvania and Wisconsin.

Walmart opens 25 new 'autoimmune-focused' pharmacies

Cedar Falls, IA

A nursing home resident in Cedar Falls, Iowa, died after becoming trapped between her bed rail and the wall, the Iowa Capital Dispatch reported July 22. The resident, who was living at NewAldaya Lifescapes, was discovered the morning of June 16. The official cause of death was suffocation due to the position of the resident's neck and head.

Nursing home resident dies at facility cited for several violations

The new wave of dynamic, driven and visionary healthcare leaders is working to make patient care more accessible, more affordable and more streamlined. These professionals, working in a variety of roles throughout the healthcare spectrum, aim to change healthcare for the better. Becker's is excited to celebrate these emerging talents,...

Rising stars: 42 healthcare leaders under 40 | 2024

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

A Pennsylvania hospital quickly dispelled social media rumors that it experienced a huge explosion July 23 — but not before dozens of people shared the post. A Facebook group that reports police and fire scanner traffic in central Pennsylvania posted July 23 that Penn Highlands State College (Pa.) hospital had a "Large explosion on the second floor- Building now full of smoke and now no power." More than 80 people commented on the post with messages like "Prayers" or praying emojis, while over 200 individuals shared it.

Pennsylvania hospital quickly debunks viral Facebook post

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

Illinois State

Des Plaines, IL

St. Louis-based Ascension has taken another step in its effort to reorganize its portfolio — a strategy designed to enhance operating performance and ensure sustainability. The latest transaction is in the Midwest. Ontario, Calif.-based Prime Healthcare has entered into an asset purchase agreement with Ascension to acquire hospitals and care sites in Illinois.

Prime to acquire 9 Ascension hospitals: 6 things to know

San Francisco, CA

The Independent

 X is reportedly looking to sublease its entire, roughly 800,000 square foot headquarters in San Francisco, in a potential sign the company may be relocating.Real estate firm Jones Lang LaSalle Inc is marketing the social media giant’s entire facility in the Mid-Market neighborhood as “one large headquarters opportunity,” though X may continue to occupy some office space, according to the San Francisco Chronicle. X, then known as Twitter, moved to the area in 2011 after received a special tax break, and is creditted with helping turn a blighted stretch of the city into one temporarily filled with office workers,...

Elon Musk’s X wants to sublease entire 800,000 sq ft San Francisco headquarters

Hospital and health system C-suites have seen a lot of movement over the last 24 hours. Below are five CFO moves that Becker's has reported on since July 23:. 1. Paula Littleton was named CFO of Osage Beach, Mo.-based Lake Regional Health System. 2. Dothan, Ala.-based Flowers Hospital and Medical...

5 CFO moves in 1 day

Philadelphia, PA

Children's Hospital of Philadelphia has named Nihal Bakeer, MD, as its new associate chief health informatics officer for ambulatory EHR. Dr. Bakeer's appointment was announced via LinkedIn July 23 by Bimal Desai, MD, chief health informatics officer at the organization. Prior to this, Dr. Bakeer served as pediatric hematologist at...

Children's Hospital of Philadelphia names new associate chief health informatics officer

About 28% of knee and hip replacements are performed on people younger than 55 and the trend is expected to grow, U.S. News & World Report reported July 24. By 2030, people younger than 65 are expected to account for 52% of hip replacements and 62% for total knee replacements, according to research presented at the American Academy of Orthopedics’ annual meeting in 2023. Researchers utilized data from 5,153 patients in the American Joint Replacement Registry that had atotal hip arthroplasty performed between 2012 and 2020.

More patients opting for joint replacements at younger age

Nebraska State

Omaha, NE

Louis Burgher, MD, PhD, former Clarkson College president and hospital CEO, died July 19 at 79. Dr. Burgher served as president and CEO of Nebraska Health System, the organization that would later become Nebraska Medical Center and Nebraska Medicine — the primary clinical teaching partner for Omaha-based University of Nebraska Medical Center, according to a statement from UNMC.

Former Nebraska hospital CEO dies

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

NewsBreak

HCA 'built to be bigger' but selective with M&As, CEO says

HCA Healthcare CEO Sam Hazen said the 188-hospital system is \"built to be bigger,\" but they are \"very selective about making sure that an acquisition fits...

HCA Healthcare CEO Sam Hazen said the 188-hospital system is "built to be bigger," but they are "very selective about making sure that an acquisition fits...

HCA 'built to be bigger' but selective with M&As, CEO says

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