News Topic: Healthcare industry
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Fifth Third buying health care lender Provide
Hospital system upgrades payments tech to improve collection, security
JPMorgan launches new venture to again grapple with health care
BofA acquisition makes its health care payments business more nimble
New subprime lending startup will focus on financing health care
Covered Care is promising to offer affordable loans to borrowers with credit scores below 700. ... Read full article
Pinnacle Financial affiliate tries its hand at asset securitization
Bankers Healthcare Group, which is minority owned by the Tennessee company, is moving beyond its primary strategy of selling health care originations to community banks and will start marketing pools of loans to investors. ... Read full article
Banks find creative ways to help cash-strapped health clinics
For many small providers, the coronavirus pandemic means falling revenue and rising expenses, as many either shut their doors to new business or staff up to deal with COVID-19 patients. Bankers say that means helping them bridge the cash-flow gaps until ... Read full article
Banks focus charitable giving on fighting coronavirus
From helping hospitals purchase new testing kits and ventilators to backing efforts to develop a COVID-19 vaccine, banks large and small are pledging millions of dollars to assist with medical relief efforts. ... Read full article
Bankers monitoring financial health of senior care facilities
Lenders are concerned that the coronavirus outbreak will increase vacancies and add to credit risk. ... Read full article
Regions to buy health care asset management firm
Highland Associates has $26 billion in assets under management on behalf of not-for-profit medical endowments and foundations. Regions Financial is following the lead of other regionals, which have been scooping up investment firms that specialize in ... Read full article
Chase expands digital health care payments via InstaMed acquisition
JPMorgan Chase is buying InstaMed, a cloud-based health care payments platform that’s seen significant growth in recent years from consumer medical payments. ... Read full article
5 takeaways from JPM-Amazon-Berkshire health venture
If the company they plan to establish comes together and works — still a big if — it could give JPMorgan an edge in competing with other banks, lead to innovative payments and other products and create unforeseen issues. ... Read full article
PNC to acquire health care advisory firm
The Pittsburgh bank is counting on its acquisition of the Trout Group to help strengthen ties with clients in the life sciences, biotechnology, pharmaceutical and medical device sectors. ... Read full article
KeyCorp to acquire boutique investment bank
New York-based Cain Brothers advises both for-profit and not-for-profit health care organizations on mergers and acquisitions and financing strategies. ... Read full article
