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Private equity regulation vetoed | Ransomware hit 67% of healthcare | California abortion lawsuit | UPMC's $50M private jet

News You Need to Know Today
Private equity regulation vetoed | Ransomware hit 67% of healthcare | California abortion lawsuit | UPMC's $50M private jet
Wednesday, October 2, 2024
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Today's News and Trends

Newsom vetoes bill to regulate private equity transactions in healthcare

Assembly Bill 3129 would have given the California Attorney General oversight of all private equity investments or purchases involving a healthcare entity. Gov. Gavin Newsom argued that a similar regulatory framework is already in place. 

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California State Capitol Sacramento
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Newsom vetoes bill to regulate private equity transactions in healthcare

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California State Capitol Sacramento
Assembly Bill 3129 would have given the California Attorney General oversight of all private equity investments or purchases involving a healthcare entity. Gov. Gavin Newsom argued that a similar regulatory framework is already in place. 
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Ransomware hit 67% of healthcare organizations this year—more than half paid up

A new survey from a cybersecurity firm shows ransomware attacks are increasing in frequency and healthcare entities are facing ever-higher demands. 

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Ransomware Cyberattack Data Breach
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Ransomware hit 67% of healthcare organizations this year—more than half paid up

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Ransomware Cyberattack Data Breach
A new survey from a cybersecurity firm shows ransomware attacks are increasing in frequency and healthcare entities are facing ever-higher demands. 
READ MORE >

Catholic hospital sued for refusing to perform emergency abortion on a hemorrhaging patient

California Attorney General Rob Bonta is suing Providence St. Joseph Hospital to discourage an incident like this from happening in the future. 

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abortion law ban pregnancy dobbs
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Catholic hospital sued for refusing to perform emergency abortion on a hemorrhaging patient

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abortion law ban pregnancy dobbs
California Attorney General Rob Bonta is suing Providence St. Joseph Hospital to discourage an incident like this from happening in the future. 
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UPMC expensed $50M private jet, despite laying off 1,000 workers

Pittsburgh Medical Center CEO Leslie Davis used the jet to travel around the world, flight logs show. 

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Private jet stock photo
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UPMC expensed $50M private jet, despite laying off 1,000 workers

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Private jet stock photo
Pittsburgh Medical Center CEO Leslie Davis used the jet to travel around the world, flight logs show. 
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Featured Articles

FDA announces recall of Pfizer's fast-tracked sickle cell drug

The drugmaker is voluntarily withdrawing Oxbryta from the market due to a higher-than-acceptable risk of death.

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Product Recall
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FDA announces recall of Pfizer's fast-tracked sickle cell drug

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Product Recall
The drugmaker is voluntarily withdrawing Oxbryta from the market due to a higher-than-acceptable risk of death.
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Public health coalition wins lawsuit against EPA for lack of fluoride oversight

A federal judge in California ruled existing evidence of the negative effects of fluoride in drinking water warrants an investigation and potential action from the Environmental Protection Agency. 

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Toothbrush Toothpaste Dental Care Flouride
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Public health coalition wins lawsuit against EPA for lack of fluoride oversight

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Toothbrush Toothpaste Dental Care Flouride
A federal judge in California ruled existing evidence of the negative effects of fluoride in drinking water warrants an investigation and potential action from the Environmental Protection Agency. 
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Lone Michigan Medicine employee responsible for breach that impacted 58K patients

The employee fell for a phishing scam that gave an unknown hacker access to the academic hospital’s email system. 

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Lone Michigan Medicine employee responsible for breach that impacted 58K patients

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The employee fell for a phishing scam that gave an unknown hacker access to the academic hospital’s email system. 
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In Case You Missed It

Landmark opioid trial in Baltimore set to begin; Johnson & Johnson settles to avoid jury

Six companies have settled with the city for as total of over $402M. Two remaining defendants, McKesson and AmerisourceBergen, will test their luck in court.

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pain pills opioids
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Landmark opioid trial in Baltimore set to begin; Johnson & Johnson settles to avoid jury

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pain pills opioids
Six companies have settled with the city for as total of over $402M. Two remaining defendants, McKesson and AmerisourceBergen, will test their luck in court.
READ MORE >

Steward paid $719M dividend to private equity owner prior to bankruptcy

The 2016 payout totaled $770 million, with $71 million going to executives at Steward Health Care. That year, the hospital chain reported a net loss of $300 million. 

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healthcare money economics dollar stethoscope acquire merger
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Steward paid $719M dividend to private equity owner prior to bankruptcy

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healthcare money economics dollar stethoscope acquire merger
The 2016 payout totaled $770 million, with $71 million going to executives at Steward Health Care. That year, the hospital chain reported a net loss of $300 million. 
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In Other News

Novel imaging technique could be used to tailor glioblastoma treatment

It allows providers to quantify changes in tumor size throughout patients’ treatment in real-time, providing early indications of efficacy and enabling adjustments as needed.

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patient.jpg
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Novel imaging technique could be used to tailor glioblastoma treatment

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patient.jpg
It allows providers to quantify changes in tumor size throughout patients’ treatment in real-time, providing early indications of efficacy and enabling adjustments as needed.
READ MORE >

Rising heart failure, AFib rates a ‘wake-up call’ for US cardiologists

Today's heart teams already face a number of challenges on a day-to-day basis.  New data suggest they could soon be treating more patients than ever before.  

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cardiologists evaluating the human heart to provide a treatment strategy
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Rising heart failure, AFib rates a ‘wake-up call’ for US cardiologists

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cardiologists evaluating the human heart to provide a treatment strategy
Today's heart teams already face a number of challenges on a day-to-day basis.  New data suggest they could soon be treating more patients than ever before.  
READ MORE >

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