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Resource ID: #18029
Subject: Health Care
Source: Business North Carolina
Affiliation: 
Date: 2024-06-22

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Description

The story sheds light on the financial troubles that Novant Health Inc. has experienced in recent years. The company was created in 1997 by the merger of the parent companies of Forsyth Medical Center and Presbyterian Hospital in North Carolina. The analyses reveals that the FBI billing-fraud investigation in hospitals owned by Tenessee-based Columbia/HCA has chilled mergers, and thus has caused for Novant's acquisition strategy to falter. The reporter analyses the health care market situation in North Carolina, and finds that Novant can overcome the difficulties through investment in technology.

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