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CIT Serves as Sole Lead Arranger on $43 Million Financing for Portfolio of Medical Office Buildings
NEW YORK, Sept. 1, 2021 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a loan of about $43 million to finance the acquisition of a portfolio of medical office buildings in Florida and Arizona. The portfolio, acquired by Cypress West Partners, consists of 14 medical office buildings encompassing nearly 150,000 square feet of rentable space. Ten of the facilities are located in Arizona and four are in Florida. “This portfolio consists of modern, well-designed and efficient facilities in attractive locations to support the medical needs … Read more
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Genome Medical Announces Acquisition of GeneMatters and Closing of $60 Million Series C Financing
SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Genome Medical, the leading nationwide genomic care delivery company, today announced that it will acquire GeneMatters, a telehealth genetic counseling and software solutions company. Simultaneously, the company announced the closing of a $60 million Series C financing to accelerate commercial traction and advance its mission of transforming health care for all through genomic medicine. These strategic initiatives solidify its position as the preeminent technology-enabled provider of genetic health services and genomic insights. “The addition of GeneMatters, along with our Series C financing, propels us into the next phase of commercial growth and … Read more
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Medicaid vaccination rate lags as state struggles to reach low-income communities
Low-income Nevadans enrolled in Medicaid have been vaccinated at far lower rates than the overall population, according to health officials in the state. In Nevada about 32% of Medicaid enrollees 12 or older have received at least one dose as of August 31, compared to about 58% of the general population — despite months of pro-vaccine campaigns and the increasing ease of getting a shot. Vaccination rates among Nevada Medicaid recipients, however, have doubled since May when state data showed that the percentage of Medicaid recipients with at least one COVID-19 vaccination was only about 16% compared to 40% of … Read more
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Colorado violating Medicaid mandate by not providing mental health services to children, lawsuit alleges
Colorado is violating a Medicaid Act mandate by not providing certain mental health services to eligible children at home or in their community, which in some cases has led to teenagers experiencing “unnecessary institutionalization,” a federal lawsuit filed Friday alleges. The lawsuit was filed in U.S. District Court of Colorado against Kim Bimestefer, the head of the state Department of Health Care Policy and Financing, on behalf of three unnamed teenagers and their families, including one with a history of suicide attempts and self-harm who was in a metro Denver emergency room for about a month. “Colorado has been ignoring … Read more
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Colorado Study Finds Single Payer Health Care System Most Cost-Effective
By Patricia Rice A new study by the Colorado School of Public Health is out… the result of the bipartisan Health Care Cost Savings Act of 2019. The report compares three types of health care systems for Colorado and shows that a single payer universal health care system wins hands down in terms of cost and collateral effects on society. Read the summary of the report. Read the entire report. The report by the Colorado School of Public Health states that compared to our current insurance-based system and a multi-payer universal health care system, a single-payer health care system would … Read more
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Public or private: Canada’s perennial debate about how to solve health care
Canada’s universal health care system is among the most beloved and heavily debated policies this country has ever had, but the COVID-19 pandemic has done more to unmask the system’s weaknesses than ever before. It has also, some experts say, provided some ways to solve what ails health care in Canada, with the rapid introduction of more virtual care among the highlights. “What the pandemic has done is, it’s brought an awareness, I think, to everyone in Canada about how fragile our current system is,” said Dr. Katharine Smart, a Yukon pediatrician and president of the Canadian Medical Association. “People … Read more
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