Morning Rounds (11.05.12)

Frisco man found guilty in $9.3 million insurance fraud case.

Patients treated with contaminated steroid shots may have more to worry about than meningitis.

According to a study by Dallas-based Merritt Hawkins, female physicians are more optimistic.

Healthcare mergers and acquisitions dipped nearly 10 percent during the third quarter of 2012. Full Story

Morning Rounds (10.24.12)

The FDA has released a new list of customers that received medicines at the center of a multi-state meningitis outbreak.

Forty-five percent of physicians say they’ll cut Medicare patients due to upcoming pending reductions in reimbursements.

Dallas-based ORIX USA has launched a business unit specializing in investment of companies in the healthcare and life sciences sectors.

Fifty-five percent of corporate executives say healthcare benefits are their top current challenge. Full Story

Morning Rounds (10.19.12)

Plano-based AlixaRx plans to open a new pharmacy hub in Pennsylvania resulting in at least 65 new jobs.

Tenet Healthcare Corp. has completed its private offering of $500 million of its 4.75 percent senior secured notes, as well as $300 million of its 6.75 percent senior notes, both due in 2020.

A new senior living community is coming to southwest Fort Worth.

Study: supervisors who teach stimulate better worker productivity. Full Story

Morning Rounds (10.18.12)

Inc. 5000 has released its 2012 list of the nation’s fastest growing private companies, with 11 North Texas healthcare companies making the list.

Plano-based MediGain has acquired MedBE, a Louisiana  company that handles revenue cycle management.

Most American consumers blame insurers and prescription companies for the rise in healthcare costs instead of their doctors.

The Dallas Regional Chamber’s 4th Annual Healthcare Conference took place yesterday. Click for a brief Q&A taken from the pannel discussion. Full Story

Morning Rounds (10.15.12)

Cyprian Akamnonu, of an Arlington-area health services company, has admitted to Medicare fraud of $374 million in unnecessary services that were never performed.

Healthcare prices in August were 2.4 percent higher than the previous year, the highest year-over-year reading since September 2010.

A Central Texas woman has been confirmed to have the first case of meningitis linked to tainted steroids.

Irving-based VHA Vice President and Chief Nursing Officer Lillee Gelinas has been named to The National Patient Safety Foundation board of directors. Full Story

Boutique Private Equity Firm HealthCap Thrives on Niche Players, Sector’s Uncertainty

In May, Dallas-based HealthCap, a boutique private equity firm specializing in healthcare, merged with The Cirrus Group, also based in Dallas, and one of the nation’s biggest medical building developers. In June, HealthCap provided the funding to create Atlanta-based Restora Healthcare Holdings to purchase Trillium Specialty Hospitals of Phoenix, Ariz., as a foundation to become a major player in long-term acute care hospitals (LTAC). The deal involved buying Trillium’s real estate. According to HealthCap’s managing partner Jason Dodd, those two deals were absolutely  linked. “We were able to solve a total transaction because of Cirrus. Neither (HealthCap nor Cirrus) would have been… Full Story

S&P Drops Tenet Ranking From BB- to B+

Tenet Healthcare’s secured debt rating has been changed from ‘BB—’ to ‘B+ by Standard & Poor’s Rating Services. The corporation plans to dispatch $500 million senior secured notes due 2020 and $300 million of unsecured notes due 2020 to settle outstanding debt and handle other issues, according to Reuters. S&P’s rating of Tenet reflects the belief that the company will maintain a rigorous and solid financial liability profile; however, Tenet does not maintain S&P’s preffered level of stability concerning financial liability. Still optimistic, S&P says the rating “reflects our expectation that the hospital company’s revenues in 2012 will increase by about… Full Story

Urgent Care for Kids Plans Expansion After Capital Boost from Healthcap

Urgent Care for Kids, which has clinics in Colleyville and Keller, plans to open five to seven new locations in Texas during the next 24 months. The expansion is made possible by a boost from Healthcap, a private equity firm that has increased its investment in Urgent Care by 160 percent. To provide additional support, Healthcap Managing Partner Jason K. Dodd will take a seat on the Urgent Care for Kids’ board of directors. “We are very excited to expand our relationship with HealthCap as their increased investment and expertise in growing healthcare businesses will give us the resources needed… Full Story