Industry Reports
Industry Reports
McKesson Reports Fiscal 2018 Third-Quarter Results
McKesson Corporation reported that revenues for the third quarter ended December 31, 2017, were $53.6 billion, up 7% compared to $50.1 billion a year ago. On the basis of U.S. generally accepted accounting principles (“GAAP”), third-quarter earnings per diluted...
Industry Reports
Oklahoma University Medicine completes $750M HCA buyout
Oklahoma University Medicine has completed its $750 million buyout of HCA Healthcare's management agreement and ownership stake of its hospital facilities.
HCA, the nation's largest investor-owned hospital chain based in Franklin, Tenn., had managed Oklahoma University Medical Center and OUMC...
Industry Reports
Teva Completes Amendment to Credit Facilities
Teva Pharmaceutical Industries Ltd., announced amendments to its USD and JPY term loan and revolving credit facilities, providing the company greater flexibility in its financial leverage ratio covenants. The amended leverage ratio covenants in the credit agreements permit a...
Industry Reports
Mount Nittany Health Converts to DR with Purchase of Carestream Imaging Systems
Mount Nittany Health purchased three CARESTREAM DRX-Revolution Mobile X-ray Systems and upgraded nine X-ray rooms and one mobile imaging system with CARESTREAM DRX-1 Systems and CARESTREAM DRX Plus Detectors (video). Radiology supervisors, technologists and physicians evaluated four suppliers during...
Industry Reports
Debt-burdened CHS Sells TN Hospital to Cash-strapped Rennova
Rennova was delisted by Nasdaq for excessive stock splitting, and closed with a market cap of $112,793, and shares valued at less than $1 a pop.
On Wednesday the company that once specialized in urine testing services finalized the purchase...
Industry Reports
Allergan Reports Solid Finish to 2017 with 12% Increase in Fourth Quarter GAAP Net Revenues to $4.3 Billion
Allergan plc reported its fourth quarter and full-year 2017 continuing operations performance.
Total fourth quarter net revenues were $4.33 billion, a 12.0 percent increase from the prior year quarter, driven by BOTOX® Cosmetic, BOTOX® Therapeutic, JUVÉDERM® Collection, ALLODERM®, CoolSculpting® and...
Industry Reports
Cardinal Health Announces Closing of Cardinal Health China Distribution Business Divestiture to Shanghai Pharma
Cardinal Health announced the closing of its divestiture of its Cardinal Health China business to Shanghai Pharmaceuticals Holding Co., Ltd. ("Shanghai Pharma"). The sale includes Cardinal Health's pharmaceutical and medical products distribution business in China.
The divestiture does not include...
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