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Archive of: Health Care Biz Report

Title Issue

Health systems to form generic drug company

Some U.S. health care companies, including SSM Health, which owns St. Mary’s Hospital and Dean Medical Group in Madison, are planning to do something about the soaring costs of health care.

January 2018

Fitchburg startup raises $1.6M

Imbed Biosciences, a Fitchburg startup developing Microlyte Ag, an ultra-thin wound dressing material containing very low levels of silver, has raised nearly $1.6 million in a funding round.

January 2018

Just moved in, Exact Sciences plans expansion

Madison-based Exact Sciences, the developer of Cologuard, a non-invasive screening test for colon cancer, announced plans for a 77,000-square-foot expansion.

December 2017

Psych hospital planned

Tennessee-based Strategic Behavioral Health is proposing to build a $15 million to $20 million psychiatric care facility with 72 beds, plus inpatient and outpatient care and a 24-hour crisis assessment center in either Madison or Middleton.

December 2017

Senior complex adds 'grandfamily' space

Middleton’s Oak Ridge development, an 83-unit mixed income independent senior living center from JT Klein Co., will also include seven, three-bedroom “grandfamily” units for those who serve as caregivers to others in the family.

December 2017

UW Health to cut budget, jobs

Faced with rising costs and declining revenues, UW Health announced it would be cutting $80 million from its budget over the next 18 months.

November 2017

SSM Health cuts jobs

SSM Health, the St. Louis-based owner of St. Mary’s Hospital and Dean Medical Group in Madison, announced it would be cutting one-percent of its jobs.

November 2017

Epic accused in whistleblower case

Epic has been overbilling the U.S. government for Medicaid and Medicare, so says a whistleblower who filed a lawsuit in 2015 under the False Claims Act.

November 2017

Exact Sciences buys former Spectrum site

After much speculation, Exact Sciences, manufacturer of Cologuard, an at-home screening test for colon cancer, purchased the former Spectrum Brands building at 601 Rayovac Drive (to be renamed 1 Exact Lane) for its new headquarters.

November 2017

Phoenix labs expanding

Monona-based Phoenix Nuclear Labs, now called Phoenix, is making the most of a $12 million financing round led by Deerfield Management Co., a New York health care investment firm and a new investor.

November 2017
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