Dallas-based Steward Health Care, one of the largest hospital systems to file for bankruptcy in the U.S., has sold its physician practice network, Stewardship Health.
Steward has reached a $245 million agreement with Rural Healthcare Group, a portfolio company of private-equity firm Kinderhook Industries, to acquire Stewardship...
In response to Steward Health Care’s bankruptcy filing in a Texas bankruptcy court on May 6, 2024, and news of its planned auction of four Arizona hospitals June 28, Attorney General Kris Mayes announced that she is opening an investigation into the circumstances leading up to Steward Health Care’s filing and is considering...
America's largest private for-profit health system Steward Healthcare operates 31 hospitals across eight states including four in Arizona: Florence Hospital, Mountain Vista Medical Center (Mesa) St. Luke's Behavioral Health Center (Phoenix), and Tempe St. Luke's Hospital. The Dallas-based system said it would continue serving patients...
The healthcare provider purchased 10 acres for $1.13 million and plans the new hospital at the Northeast corner of Interstate 10 and Sunshine Boulevard in Eloy. The facility will house eight inpatient rooms, an 11-room emergency department, and various medical services. Opening is expected near the end of 2024.
Exceptional Healthcare...Open
Agave Ridge Behavioral Hospital will be located on a 12-acre site at the corner of Ellsworth Road and Peterson Avenue in Mesa.
The company is also expanding its Chandler hospital.
Acadia Healthcare is the largest stand-alone behavioral healthcare company in the country with 23,000 employees along with a network of 250 behavioral...Arizona News
The ongoing 340B Drug Pricing Program debate continues as the Arizona-based Goldwater Institute weighs in this week with a study on the relationships 340B hospitals hold with out-of-state pharmacies.
The conservative think tank opposed Medicaid expansion in Arizona when then-Governor Jan Brewer authorized it in 2014, but the new study...
A snapshot of Arizona hospital-based health systems in Arizona including their size and scope, net profits, net margins, patient revenue, payor mix, quality ratings, partnerships, ACO affiliations, leadership lists, and more. Also included: the latest news on Rural Emergency Hospitals and the complicated financials of nonprofit...
Hospitals are still struggling to overcome a dip in revenue, with the sector expected to end this year in the red. The alleged culprit of hospital struggles is staffing shortages, which in turn causes potential staff to request higher wages, coupled with lower patient volumes than during the pandemic.
Although by early autumn it...Arizona Bricks & Mortar
November was a busy month for Arizona health systems eager to expand their local market footprint.
Abrazo says it will start its first phase of construction on its 27 acres with a medical office building this year and Banner is expecting to open its hospital adjacent to the existing Banner Health Center in 2024 - both projects are...Arizona News
RSV, a seasonal respiratory virus common among young children, has arrived earlier than normal in Arizona with cases up more than 300% compared to a typical season. Effective November 14, the restrictions are designed to help ensure patient and team member safety.
Joan Ivaska, senior director of infection prevention at Banner...Arizona Bricks & Mortar
Banner Health is reportedly in talks to purchase 40 to 50 acres at the Loop 101 and Hayden Road and its $19.25 million cancer center expansion on the Banner-University Medical Center Phoenix campus is now complete. Scottsdale competitor HonorHealth teamed up with Universal Health Services on the $39 million Via Linda Behavioral Hospital...Arizona News
Amid widespread staffing shortages and rising Omicron cases, the nursing home industry faces an ongoing domino effect of issues. Recent data from major publications paints a clearer picture of the long-term care crisis.
Vaccination Rates
As soon as vaccines were made available, priority was given to healthcare workers and those...Arizona News
The Hospital-Acquired Condition (HAC) Reduction Program is a Medicare value-based purchasing program that reduces payments to hospitals based on how they perform on measures of hospital-acquired conditions. In Arizona, the list of penalized hospitals include some judged among the best in the country such as the CMS 5-star rated Mayo...Data Resources
This year we witnessed hospitals and healthcare providers struggle during the worst pandemic of our lifetimes. In this annual data edition, The Hertel Report covers the business behind Arizona hospitals and health systems. Within this 16-page edition, readers can find information including size and scope, market footprint, profits,...
The COVID-19 vaccine has been approved for distribution in children as Pfizer now moves to request authorization from the Food and Drug Administration to recommend booster shots for all adults six months after vaccination. Meanwhile, the vaccine mandate has ruffled feathers of both big businesses and conservative leadership at the state...
While Santa Cruz Valley Regional Hospital named a new CEO this week, the CEO of Western Arizona Regional Medical Center in Bullhead City has stepped down, marking two of several major leadership changes for Arizona healthcare.
Becker’s Hospital Review reports Kerry Noble will step into the CEO role for Santa Cruz Valley Regional...
The state of Arizona reported 2,106 new cases of COVID-19 on Wednesday, September 22. There were 74 new COVID-related deaths. In hospitals, 31% of adult intensive care unit (ICU) beds are currently in use by COVID-19 patients and statewide, only 9% of adult ICU beds remain available, according to the Arizona Department of Health Services...
From new facilities to new administrative orders and changes in leadership, Arizona healthcare and hospitals have seen major changes over the last several days – changes that could have a significant impact on the hospital industry in Arizona, including how hospitals continue to handle the COVID-19 pandemic.
This week, two of...Arizona News
The decision is binding on all hospitals in Arizona, eliminating any chance that hospitals will be able to recover from pharmacies any alleged financial losses caused by the opioid epidemic.
In 2018, Tucson Medical Center (TMC) filed a lawsuit claiming CVS was part of a conspiracy of drug manufacturers and others that promoted the use...
