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Archive for August, 2017

Ascension to acquire Presence Health

Icon Written by Alex on August 27, 2017 – 12:08 pm

Chicago-based Presence Health has signed a letter of intent to merge into Ascension, combining the largest Catholic-sponsored healthcare system in Illinois with the nation’s largest Catholic health system, the companies announced Tuesday. If the deal is completed, 12-hospital Presence will be owned by Ascension but operate in a joint venture called Amita Health that Ascension [...]



Cardinal Health profit declines as generic drug prices deflate

Icon Written by Alex on August 3, 2017 – 7:41 pm

Cardinal Health reported an 18% drop in earnings in its fourth quarter, driven by dwindling generic drug prices, the company said Wednesday. The Dublin, Ohio-based pharmaceutical and medical products distributor saw its earnings fall to $274 million for the quarter ended June 30, down from $333 million from the same period the year before. Revenue [...]