Columbus, OH

Vacation rental management company Vacasa has secured $30 million in financing with the option for a further $45 million. The funding, which will help strengthen its balance sheet, comes in the form of senior secured convertible notes from an affiliate of Davidson Kempner Capital Management. Back in May, Vacasa announced...

Vacasa secures $30M in funding, business transformation ongoing

R1 RCM reported revenues of $627.9 million in the second quarter, up $67.2 million (12%) over the same period last year, according to financial results published Aug. 7. The revenue cycle management company posted $29.1 million in operating income for the period, compared to $23.9 million in the same quarter in 2023. Net loss for the second quarter was $7.6 million, compared to a $1 million net loss in the prior-year period.

R1 RCM Q2 revenue jumps 12% ahead of planned $8.9B deal

In a Wednesday interview with CNBC's Jim Cramer, CVS CEO Karen Lynch said she is taking responsibility for the company's Aetna insurance business after the most recent quarter missed expectations. "I'm taking direct ownership and am going to focus on the financial and operational execution of that business," she said.

CVS CEO says she's 'taking direct ownership' to fix Aetna insurance business

Covington, GA

The Associated Press

SANTA CLARA, Calif.--(BUSINESS WIRE)--Aug 8, 2024-- Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the second quarter ended June 30, 2024. The Company issued a shareholder letter discussing those results, as well as its third quarter 2024 estimates. The shareholder letter may be accessed on the Company’s investor relations website here. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808890164/en/ Recent photo of Archer’s high-volume manufacturing facility in Covington, GA (Photo: Business Wire)

Archer Announces Key Terms Of Contract Manufacturing Relationship With Stellantis–Representing Up To ~$400M To Help Scale Midnight Production To 650 Aircraft Annually–Secures $230M In Additional Equity Capital From Strategic & Institutional Investors

Massachusetts State

When Dallas-based Steward Health Care shared plans to close two of its Massachusetts hospitals and lay off 1,243 employees, its CEO, Ralph de la Torre, MD, was in France at Versailles for the equestrian 2024 Olympic events, according to the Boston Globe. The Aug. 7 opinion piece, authored by former...

Eyes stay on Steward CEO amid France trip

Callaway announced that they will be conducting a full strategic review of Topgolf brands, including alternate business options. This comes after same venue sales dropped 8% in quarter two. “As we look forward, we remain convinced that Topgolf is a high-quality business with significant future opportunity. It is transforming the...

Callaway to Conduct Review of Topgolf After 8% Sales Drop

Walgreens shared in an Aug. 7 Securities and Exchange Commission filing that it could sell off its entire stake in primary care clinic chain VillageMD. "The company is currently evaluating a variety of options with respect to VillageMD in light of ongoing investments by the company in VillageMD’s businesses and VillageMD’s substantial ongoing and expected future cash requirement," the filing said. "These options could include a sale of all or part of the VillageMD businesses, possible restructuring options and other strategic opportunities."

Walgreens eyes offloading all of VillageMD

This year has recorded numerous medical advances in transplantation, including a few firsts for the U.S. and world. Here are recent medical advancements, as reported by Becker's:. 1. Clinicians at Northwestern Medicine have performed multiple first procedures. In May and July, the Chicago-based system logged its first two kidney transplants...

2024 charts multiple 1sts in transplantation

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?

Kentucky State

Lexington, KY

Lexington, Ky.-based Appalachian Regional Healthcare has appointed two new hospital CEOs. Beau Masterson was named CEO of Barbourville (Ky.) ARH Hospital, according to an Aug. 6 news release from the system. He has been COO of Beckley (W.Va.) ARH Hospital since 2022. Jonathan Koonce was tapped as CEO of Highlands...

Kentucky system taps 2 hospital CEOs

The Motley Fool

DXC earnings call for the period ending June 30, 2024.

DXC Technology (DXC) Q1 2025 Earnings Call Transcript

Reuters

(Reuters) -Solar firm SunPower said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria for $45 million in cash.

SunPower files for bankruptcy protection, agrees to sell some assets for $45 million

Logan Paul and KSI’s Prime Hydration has been sued for $68,000,000 for breach of contract by a bottling company after Prime allegedly backed out of a deal they had made. According to the lawsuit filed on August 2, 2024, the deal between Prime and Refresco Beverages called for the company to spend large sums of money to change its production line to create the special bottles used by the influencer-led brand.

Logan Paul & KSI’s Prime Hydration hit with $68M lawsuit for breach of contract

Home Depot's expansion strategy won't center on aggressive store openings. Industry dynamics favor long-term revenue and earnings growth. Investors benefit from sizable capital returns in the form of dividends and buybacks. The leading home improvement chain has lagged the S&P 500 in recent times. Throughout its history as a public...

Where Will Home Depot Stock Be in 5 Years?

Heart disease and cancer remained the leading causes of death in 2023, according to provisional data released Aug. 8 by the CDC. Mortality data is collected by the National Center for Health Statistics National Vital Statistics System from U.S. death certificates, according to an analysis published Aug. 8 in JAMA.

Heart disease, cancer remain leading causes of death in US

Alight Inc. announced in its second quarter earnings report on Tuesday that Stephan Scholl will step down as CEO and member of the board, effective after the board names a successor. Scholl will continue as CEO and director during the search process. The board of directors has also appointed Dave...

Alight CEO to Step Down; Firm Searches for Successor

Arkansas State

Little Rock, AR

Jay Quebedeaux was promoted to president of regional hospitals for Little Rock, Ark.-based Baptist Health. In his new role, Mr. Quebedeaux will be responsible for five Baptist Health regional facilities, according to an Aug. 8 news release shared with Becker's. He will also remain president of Baptist Health Medical Center-Hot...

Baptist Health taps president of 5 Arkansas hospitals

Kansas State

Pittsburg, KS

Drew Talbott, president of Via Christi Hospital in Pittsburg, Kan., will retire Aug. 30, one day before the hospital transitions to ownership by St. Louis-based Mercy. Mr. Talbott joined Via Christi in 1996 and has been president for four years, according to an Aug. 6 news release shared with Becker's by St. Louis-based Ascension. He was previously its COO for 13 years.

Ascension Kansas hospital president to retire

The information services sector was a notable weak spot for July, posting a job loss of 20,000. Professional and business services and financial activities experienced payroll declines of 1,000 and 4,000, respectively. Hiring in the U.S. slowed significantly last month, with information and financial sectors registering job losses. The information...

Here’s where the jobs are for July — in one chart

Worcester, MA

Dallas-based Tenet Healthcare has made leadership changes throughout its hospitals this year. The system operates 52 hospitals across the U.S., according to its website. The following executive moves have been reported by Becker's since Jan. 1:. 1. Heather Havericak was tapped as CEO of Delray Medical Center in Delray Beach,...

Tenet's 2024 executive moves

NewsBreak

R1 RCM absorbs increased costs from Ascension IT outage, says CFO

R1 RCM expects the Ascension ransomware attack to drag down its revenue by between $75 million and $95 million in 2024, primarily because of a delay...

R1 RCM absorbs increased costs from Ascension IT outage, says CFO

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