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Rite Aid Corporation has filed for Chapter 11 bankruptcy and has received a commitment for $3.45 billion in new financing to implement a financial restructuring plan.  The plan would significantly reduce the company’s debt, Rite Aid said, including the more than 1,600 opioid lawsuits that have been a drain on its resources.

St. Luke’s, based in Duluth, Minnesota, and Aspirus Health, based in Wausau, Wisconsin, have taken a step closer to merging by signing a definitive agreement to create a formal affiliation, which would result in a new 19-hospital health system. The proposed affiliation intends to expand rural access to healthcare and advance quality of care for […]

Kaiser Foundation Health Plan, run by Kaiser Permanente, and the California Department of Managed Health Care (DMHC) have reached a  $200 million settlement agreement to make significant changes to the plan’s delivery of behavioral healthcare services. The settlement agreement includes a $50 million fine and requires Kaiser Permanente to take corrective action to address deficiencies […]

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