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Hos­pi­tals sue New Hamp­shire, Wash­ing­ton over fund­ing, and other news


Car­di­nal Health agreed to re­vive and then sell three nu­clear phar­ma­cies in the South­west in or­der to re­solve an­titrust al­le­ga­tions by the Fed­eral Trade Com­mis­sion. The FTC con­tends that Car­di­nal’s 2009 ac­qui­si­tion of Biotech harmed competition for ra­dio­phar­ma­ceu­ti­cals sold to hos­pi­tals and car­di­ol­ogy clin­ics in Las Ve­gas, El Paso, Texas and Albuquerque, N.M. Af­ter the ac­qui­si­tion, Dublin, Ohio-based Car­di­nal closed its phar­ma­cies in those cities and moved its op­er­a­tions to Biotech’s fa­cil­i­ties, ac­cord­ing to FTC doc­u­ments. Competition in the mar­ket for ra­dio­phar­ma­ceu­ti­cals is ex­tremely lo­cal, the FTC ob­served, be­cause the iso­topes de­cay rapidly. The com­plaint al­leges Car­di­nal was able to raise prices with lit­tle in­cen­tive to im­prove qual­ity and ser­vice. The con­sent or­der, which re­quires ap­proval by the com­mis­sion, calls for Car­di­nal to “re­con­sti­tute” the three shut­tered phar­ma­cies within six months and then di­vest them to a com­mis­sion­ap­proved buyer. Car­di­nal also must al­low its cus­tomers in those cities to ter­mi­nate their con­tracts. A Car­di­nal spokes­woman noted in an e-mail that the com­pany has co­op­er­ated with the FTC and that the ac­qui­si­tion al­lowed Car­di­nal to ex­pand its pres­ence in positron emis­sion to­mog­ra­phy man­u­fac­tur­ing, which is not sub­ject to the agree­ment.


Scripps Health an­nounced that its new $456 mil­lion car­diac-care and re­search cen­ter will be named the Pre­bys Car­dio­vas­cu­lar In­sti­tute in honor of a $45 mil­lion gift from lo­cal real es­tate de­vel­oper Con­rad Pre­bys. Pre­bys, pres­i­dent of the Progress Con­struc­tion and Man­age­ment Co., which he founded in 1966, do­nated $10 mil­lion to ex­pand emer­gency ser­vices at the 439-bed Scripps Mercy Hos­pi­tal in San Diego in 2006. Ac­cord­ing to the SanDiegoBusi­ness

Jour­nal, his net worth is es­ti­mated at $125 mil­lion and was, at one time, as high as $300 mil­lion. The new car­diac fa­cil­ity is part of the four-hos­pi­tal sys­tem’s 25-year plan to ren­o­vate the cam­pus of 301-bed Scripps Me­mo­rial Hos­pi­tal-La Jolla. Ground was bro­ken in June for the 383,000-square­foot fa­cil­ity, and it is sched­uled to open in 2015. Plans for the seven-story tower in­clude 108 pri­vate rooms, 60 in­ten­sive-care beds, six op­er­at­ing rooms, four car­diac catheter­i­za­tion lab­o­ra­to­ries and re­search labs. Ac­cord­ing to a news re­lease, the do­na­tion is the largest in the sys­tem’s 87year his­tory. Scripps is seek­ing to fi­nance the pro­ject with $125 mil­lion in do­na­tions and, with the $45 mil­lion from Pre­bys, has raised $80 mil­lion, ac­cord­ing to the re­lease. The rest of the pro­ject will be fi­nanced through bor­row­ing and op­er­at­ing rev­enue.

The car­dio­vas­cu­lar in­sti­tute is part of a plan to ren­o­vate the Scripps cam­pus.

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