CLEVELAND — After a long day of negotiations on Friday between major drug industry corporations and thousands of local governments and states suing over the companies’ role in the opioid epidemic, talks ended with the parties — even among the plaintiffs — still far apart. “We worked hard to put together a $ 48 billion… Read More »
Purdue Pharma’s negotiations to settle thousands of lawsuits over the company’s role in the opioids crisis have turned into a standoff between members of the Sackler family, who own the company, and a group of state attorneys general over how much the family should pay and whether it can continue selling drugs abroad. The Sacklers… Read More »
Dive Brief: The government, CVS and interested parties including the American Medical Association, the AIDS Healthcare Foundation, Consumer Action and U.S. PIRG filed briefs Friday seeking to sway a federal judge’s thinking on whether the government’s proposed settlement of CVS’ acquisition of Aetna is in the public interest. Judge Richard Leon of the U.S. District… Read More »
Huntington Comprehensive Treatment Center in West Virginia West Virginia-based Acadia Healthcare, along with subsidiary CRC Health, has agreed to dole out $ 17 million to settle accusations of fraud, representing the largest fraud-related settlement in the history of the state, according to a settlement agreement released this week. CRC Health had been accused of collecting… Read More »
Universal Health Services grew its third-quarter profit by nearly 22% year-over-year, the investor-owned hospital chain announced Thursday. The King of Prussia, Pa.-based company reported $ 171.7 million in net income during the quarter, up from $ 141.2 million during the same period in 2017. Net revenue rose by 4.2% to $ 2.65 billion, compared with… Read More »