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Morning Headlines 5/4/16

May 3, 2016 Headlines No Comments

IMS Health and Quintiles to Merge

Quintiles, the parent company of Encore Health Resources, will merge with IMS Health, resulting in a company with $7 billion in annual revenue.

Imprivata Announces First Quarter 2016 Financial Results, Revenue Growth of 23%

Imprivata reports Q1 results: revenue climbed 23 percent to $25.6 million, adjusted EPS –$0.21 vs. $-.24.

How a tiny hospital has imperiled Mass. Medicare funds

Hospitals in Massachusetts face a potential ten percent drop in Medicare funding after consultants hired by the state’s only rural hospital, 19-bed Nantucket Cottage Hospital, miscalculate annual wage costs which are used by Medicare as a baseline for all hospitals in the state.

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