HOSPITALS
Baptist Health seeks to take over Florida Keys hospital
Baptist Health South Florida is in negotiations to take over a community-owned nonprofit hospital in the Florida Keys.
Boca Raton Community Hospital lost $120 million for the year ended June 30. But the nonprofit hospital lost only $2 million in the July-through-September period, including a $9 million loss from operations.
Baptist Health South Florida is in negotiations to take over a community-owned nonprofit hospital in the Florida Keys.
Baptist Health South Florida, already the largest nongovernment employer in South Florida, has announced it it has signed a nonbinding letter of intent about taking over operations at Fishermen's Hospital in Marathon.
Revenue rose 7 percent to $65.1 million in the first quarter at Continucare (CNU), the provider of primary physician services, while earnings edged up to $2.5 million, or 4 cents per diluted share, from $1.9 million, or 3 cents per share, in last year's quarter.
Experiencing fewer births and more poor patients on Medicaid, Sunrise-based Pediatrix Medical Group's (PDX) third-quarter profits fell 5.5 percent to $37.4 million or 81 cents a share.
Noven Pharmaceuticals, the South Miami-Dade drug maker, reported Thursday revenue for the third quarter of $25.7 million, an 18 percent increase over the $21.8 million for the same period last year.
Again experiencing fewer births and more poor patients on Medicaid, Sunrise-based Pediatrix Medical Group reported Wednesday increased revenue but a decline in profits for the third quarter.
A Coral Gables blank-check company canceled a $420 million deal because of tough market conditions.
In another clear indication of the slumping economy, MBF Healthcare Acquisition, a Coral Gables company headed by entrepreneur Mike Fernandez, announced Monday its $420 million deal to purchase a Pennsylvania company had been canceled.
While South Florida hospitals suffer from extreme shortages in nurses, recruiters from a North Carolina hospital group slipped into the region this week to try to lure away the highly desired workers.
With nearly 800,000 children without health insurance, Florida has the second highest rate of uninsured kids in the nation, according to a national survey released Thursday in Washington.
Pascal Goldschmidt, dean of the University of Miami medical school, has been awarded the first Jay and Jeanie Schottenstein Prize in Cardiovascular Sciences, which comes with a minimum honorarium of $100,000.
MAKO Surgical, a Fort Lauderdale company marketing a robotic arm, announced Wednesday it has entered into a definitive agreement for equity financing of up to $60 million from a group of venture capitalists and existing shareholders.
The Public Health Trust announced two interim executives to lead the Jackson Health System starting Jan. 1 after Marvin O'Quinn leaves the chief executive position for a job in a Catholic hospital group in California.
Researchers say a longtime, cheaper generic should be used to treat diabetes instead of a newer and more expensive drug.
The news could be worse: With South Florida mired in a recession, many employers appear reluctant to pass too much of their rising healthcare costs along to their workers.
Thanks largely to two drugs -- heparin and Chantix -- the number of serious drug reactions reported to the FDA set a record in the first quarter.
The United States needs a consensus for improving its healthcare system, but experts differed on the remedy at a University of Miami panel discussion.
Saying she still had ''marks on my back from healthcare reform,'' University of Miami President Donna Shalala told 100 South Florida healthcare leaders Wednesday that the key to making major changes was getting a consensus.
Saying she still had ''marks on my back from healthcare reform,'' University of Miami President Donna Shalala told 100 South Florida healthcare leaders Wednesday that the key to making major changes was getting a consensus.