Daily roundup: Nov. 9, 2012
Bite-sized hospital and health industry news
- California: Voters in El Monte and Richmond on Tuesday rejected proposals to impose the nation's first penny-per-ounce taxes on sodas and sugary drinks. Altogether, 76.8% of El Monte voters and 66.9% of Richmond voters rejected the proposal (Baertlein, Reuters, 11/7).
- Florida: Bayfront Medical Center in St. Petersburg and its clinics will become for-profit facilities in early 2013 through a joint venture with Naples-based Health Management Associates (HMA). For-profit HMA will own an 80% stake in the joint venture, while Bayfront will retain a 20% stake (Selvam, Modern Healthcare, 10/25 [subscription required]).
- Maine: Eastern Maine Medical Center—which serves more than 40% of the state's population—will expand and modernize its Bangor facility. The $250 million project will expand bed capacity from 350 to 411 and update surgery, cardiac, woman, and infant services. The hospital hopes to raise the funds for the project by April and complete the project by 2017 (AP/Atlanta Journal-Constitution, 11/8).
Next in the Daily Briefing
Health care CFOs among most optimistic about their industry