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Spectranetics Corp. Pays $4.9M to Settle Unapproved Medical Device Claims

Colorado Springs, Colo.-based Spectranetics Corp., a medical device manufacturer, has agreed to pay the United States $4.9 million in civil damages plus a $100,000 forfeiture to resolve claims that the company illegally imported unapproved medical devices and provided them to…

U.S. District Court Rules Peoria Day Surgery Center Can Pursue Federal and State Antitrust Claims Against St. Francis Medical Center – Denies in Part and Grants in Part SFMC Motion for Summary Judgment

Peoria (Ill.) Day Surgery Center (PDSC), according to a decision from the U.S. District Court Central District of Illinois, can pursue state and federal antitrust claims against OSF Healthcare d/b/a St. Francis Medical Center (SFMC) in Peoria. The claims allege,…

Healthcare Reform Could Bring Increased Payor Competition, Lower Administrative Expenses, According to Harvard-USC Study

The healthcare reform legislation proposed by Congress could lead to better cost savings within the industry by encouraging increased competition among insurance companies and higher quality care at lower costs, according to a study from Harvard University and University of…

H.I.G Capital Affiliate Completes Majority Investment in Surgery Partners

Miami-based H.I.G. Capital, a global private equity firm, announced that an affiliate has completed a majority investment in Tampa, Fla.-based Surgery Partners Holdings, an operator and owner of 11 ASCs and several related practices, according to an H.I.G. news release.

Staten Island Medical Center to Open Surgery Center

Richmond University Medical Center in Staten Island, N.Y., will open an ASC and an urgicare center between April and July 2011, according to a report in the Staten Island Advance.

Hill-Rom Announces New President and CEO

Hill-Rom Holdings, based in Batesville, Ind., has named John J. Greisch as president and CEO, effective Jan. 8, 2010, according to a Hill-Rom news release.

Sun Healthcare Group Announces Its 2010 Guidance

Sun Healthcare Group, based in Irvine, Calif., announced its 2010 full-year guidance, according to a Sun news release.

Democrats Will Fast-Track Health Reform Bill Over GOP Protests

President Obama and Democratic leaders in Congress have agreed on a fast-track alternative to the traditional House-Senate conference committee to reconcile the Senate and House health reform bills, according to a report by the Washington Post.

Time, Technology is Right for ASCs to Transition to a Paperless Environment

The time has never been better for ASCs to invest in EHRs and other technologies that will allow them to transition to a paperless environment. Not only are there more ASC-specific technologies from which to choose, but increased competition has…

With Growth Slowing, GPOs Under More Pressure to Show Value

While revenues for nationwide group purchasing organizations are expected to exceed $2 billion for the first time in 2010, the GPOs' growth is slowing, according to a release from Peasner Healthcare Research and Advisory.