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Community Health Systems
Community Health Systems (CHS) is a Fortune 500 company based in Franklin, Tennessee. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021. In August 2015, the company announced plans to spin off 38 hospitals and its management and consulting subsidiary, Quorum Health Resources, into a new publicly traded company called Quorum Health Corporation. The company completed the spinoff of Quorum Health Corporation on April 29, 2016. Quorum owns or leases hospitals across 16 states, primarily in cities or counties with populations of 50,000 or less. In April 2020 Quorum declared bankruptcy and is no longer trading on the NYSE. On October 3, 2016, CHS was removed from the S&P Midcap 400 and added to the S&P Smallcap 600. Under CEO Wayne T. Smith, the company's stock has lost over 76% of its value since the year 2000. C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United States. It is equivalent to the justice or interior ministries of other countries. The department is headed by the U.S. attorney general, who reports directly to the president of the United States and is a member of the president's Cabinet. The current attorney general is Merrick Garland, who was sworn in on March 11, 2021. The modern incarnation of the Justice Department was formed in 1870 during the Ulysses S. Grant presidency. The department comprises federal law enforcement agencies, including the Federal Bureau of Investigation, the U.S. Marshals Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Drug Enforcement Administration, and the Federal Bureau of Prisons. It also has eight major divisions of lawyers who rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orlando Health
Orlando Health is a private, not-for-profit network of community and specialty hospitals based in Orlando, Florida. Orlando Health is Central Florida’s fourth largest employer with nearly 23,000 employees and more than 4,500 affiliated physicians. History The system was founded in 1918 when the first hospital, Orange General Hospital, was opened. In 1946, the hospital name changed to Orange Memorial Hospital. In 1951, Orange Memorial became approved as a teaching hospital, one of the first in Florida. In 1977, Orange Memorial and Holiday hospitals consolidated to form the new Orlando Regional Medical Center, in 1984 the Air Care Team was formed providing scene and interfacility air transport to the Central Florida area, and in 1985 Sand Lake Hospital was built. The Arnold Palmer Hospital for Children & Women opened in 1989 and in 1991 M. D. Anderson Cancer Center Orlando was created. In 1992, ORMC changed its corporate name to Orlando Regional Healthcare System to reflect the gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AdventHealth
AdventHealth (formerly Adventist Health System) is a Seventh-day Adventist Church, Seventh-day Adventist non-profit health care system headquartered in Altamonte Springs, Florida, that operates facilities in 9 states across the United States. The Adventist Health System was rebranded AdventHealth on January 2, 2019. It is the largest not-for-profit Protestantism, Protestant health care provider and one of the largest non-profit health systems in the nation. It operates 50 hospitals in nine states, with over 8,200 licensed beds. It has 1,200 outpatient settings serving more than five million patients annually. History In 1973 Adventist Health System was founded. Adventist Health System moved into a new five-story office building in Altamonte Springs that opened in 2011, to house their administrative leaders. The corporate headquarters was awarded the Energy and Environmental Design silver certificate from the U.S. Green Building Council. On April 10, 2012, construction began on a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AdventHealth Ocala
AdventHealth Ocala, formerly named Florida Hospital Ocala and Munroe Regional Medical Center, is an acute care non-profit hospital in Ocala, Florida. AdventHealth Ocala is located at 1500 SW 1st Ave, Ocala, Florida. The healthcare facility is owned by the Marion County Hospital District, and has been leased to AdventHealth since 2018. The hospital district is largely funded by the US$213 million paid to the district by Community Health Systems in 2014 for the right to operate this facility. CHS sold their lease to AdventHealth in 2018. History The hospital was founded in 1898 as Marion General Hospital. The impetus for building a local hospital was a man being run over by a horse and wagon. The initial location was a three-story building owned by the publisher of the local newspaper, the Star–Banner, which was lent to the new hospital until 1901. The hospital operated in makeshift housing until 1915 when additional land was acquired for the hospital to expand. A three ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Philadelphia Inquirer
''The Philadelphia Inquirer'' is a daily newspaper headquartered in Philadelphia, Pennsylvania. The newspaper's circulation is the largest in both the U.S. state of Pennsylvania and the Delaware Valley metropolitan region of Southeastern Pennsylvania, South Jersey, Delaware, and the northern Eastern Shore of Maryland, and the 17th largest in the United States as of 2017. Founded on June 1, 1829 as ''The Pennsylvania Inquirer'', the newspaper is the third longest continuously operating daily newspaper in the nation. It has won 20 Pulitzer Prizes . ''The Inquirer'' first became a major newspaper during the American Civil War. The paper's circulation dropped after the Civil War's conclusion but then rose again by the end of the 19th century. Originally supportive of the Democratic Party, ''The Inquirers political orientation eventually shifted toward the Whig Party and then the Republican Party before officially becoming politically independent in the middle of the 20th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Healthcare Services
Prime Healthcare Services is a United States privately held healthcare company. It was established in 2001, by chairman and CEO Prem Reddy, MD, and operates 45 hospitals in 14 states. It is affiliated with the nonprofit Prime Healthcare Foundation. Charity Reddy and his family have established the Prem Reddy Family Foundation, which has supported several efforts, including one of country's newest schools of medicine at the California University of Science and Medicine, the Dr. Prem Reddy Nursing Laboratory at CSUSB, and the Dr. Prem Reddy Lecture Hall at Western University of Health Sciences. In response to the surge of COVID-19 in India in spring of 2021, Prime Healthcare supplied ventilators, bipap machines, oxygen concentrators and associated equipment. Controversy In 2007, the ''Los Angeles Times'' ran a news story that alleged that the policies of Prime HealthCare Services, Inc., resulted in higher-than-average profits for the possible cost of patient care: "When Reddy's comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia Business Journal
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offering and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by Delaware Bay and the state of Delaware. At , New Jersey is the fifth-smallest state in land area; but with close to 9.3 million residents, it ranks 11th in population and first in population density. The state capital is Trenton, and the most populous city is Newark. With the exception of Warren County, all of the state's 21 counties lie within the combined statistical areas of New York City or Philadelphia. New Jersey was first inhabited by Native Americans for at least 2,800 years, with the Lenape being the dominant group when Europeans arrived in the early 17th century. Dutch and Swedish colonists founded the first European settlements in the state. The British later seized control o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Memorial Hospital Of Salem County
The Salem Medical Center is a hospital in Salem County, New Jersey located at the Pointers in Mannington Township. It was founded as the Memorial Hospital of Salem County. History The hospital was founded in 1919, after which it operated as a non-profit. It was founded in downtown Salem and moved to Mannington Township in 1951. It has 126 beds, and in 2017, New Jersey approved a plan to sell it to Prime Healthcare Foundation. The name of the hospital was change to Salem Medical Center in 2019 when it was acquired by Community Healthcare Associates. In 2002, Community Health Systems acquired Memorial Hospital for $34 million. When the purchase occurred, the Salem Health and Wellness Foundation was formed, with the goal over overseeing donations and proceeds acquired by MHSC. This was because the state required the proceeds from the sale to Community Health Systems to be "overseen by a foundation that would pay to enhance medical services in the area." However, 12 years later, Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
False Claims Act
The False Claims Act (FCA), also called the "Lincoln Law", is an American federal law that imposes liability on persons and companies (typically federal contractors) who defraud governmental programs. It is the federal government's primary litigation tool in combating fraud against the government. The law includes a ''qui tam'' provision that allows people who are not affiliated with the government, called "relators" under the law, to file actions on behalf of the government. This is informally called "whistleblowing", especially when the relator is employed by the organization accused in the suit. Persons filing actions under the Act stand to receive a portion (15–30%, depending on certain factors) of any recovered damages. As of 2019, over 71% of all FCA actions were initiated by whistleblowers. Claims under the law have typically involved health care, military, or other government spending programs, and dominate the list of largest pharmaceutical settlements. Between 1987 a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
