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The financial status of the state’s hospitals improved in 2023, with the hospitals overall returning to a positive profit margin, according to a new report.
New Haven-based biopharmaceutical company BioXcel Therapeutics Inc. on Thursday announced plans to execute a 1-for-16 reverse stock split of its common stock.
Increasing Medicaid reimbursement rates, restructuring hospital taxes and reining in pharmaceutical costs topped Gov. Ned Lamont’s list of health care priorities in his spending plan for the fiscal year that begins July 1.
About a year after filing its application, UConn’s John Dempsey Hospital in Farmington has reached a settlement with state regulators to allow the hospital to add 23 medical surgical beds.
Trinity Health Of New England (THONE) has named Dr. Robert Roose to lead three of the healthcare system’s acute care hospitals, as THONE moves toward a goal of “true regionalization."
One of three drug and alcohol counselors who were nabbed in a healthcare fraud scheme in Connecticut has been sentenced to more than two years in federal prison.
Hartford Hospital has filed an application with the state to determine whether it needs approval to extend its maternity service to a unit within Connecticut Children’s Medical Center.
Pfizer has agreed to pay $59.75 million to settle claims that Biohaven Pharmaceutical Holding Co., which it acquired in 2022, defrauded Medicare and other healthcare programs by paying kickbacks to doctors.
State Democratic leaders on Tuesday unveiled a $250 million, three-year plan to increase how much Medicaid pays to physicians for services provided to low-income residents.
Genworth Financial, one of the largest providers of long-term care insurance in the U.S.
Addressing a room of bioscience executives and state officials, Gov. Ned Lamont said Monday he believes the industry is “invaluable to the future of the state,” and he will propose boosting the research and development tax credit to 90%.
As busy executives and professionals, time is precious, and maintaining physical and cognitive performance is vital to reaching peak performance and maximizing career potential.
The Connecticut Hospital Association (CHA) in December released a report that said health systems in the state “continue to face extraordinary financial pressures.”
New Canaan substance use treatment and psychiatric facility Silver Hill Hospital has consolidated its expansion into New York with the formal acquisition of the Freedom Institute.
Connecticut and 14 other states on Thursday agreed to a new settlement deal with the Sackler family and Purdue Pharma that would secure $7.4 billion for communities across the United States that have been impacted by the opioid crisis.
The owner of McLean Retirement Community in Simsbury is proposing a $10 million expansion that would add 52 new residential units to its existing campus.
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Connecticut employers added 16,000 jobs across industries in 2024, the state Department of Labor said in its annual jobs summary released Friday.
According to the DOL, the labor force in Connecticut hit a new high of 1.96 million workers, with a labor force participation rate of 65% in 2024. Nationally, the labor force participation rate is 62.6%.
Also, the state’s unemployment rate was relatively flat, ranging from 3% and 3.3% over the last 24 months.
The number of jobs added in 2024 was about 18.4% less than the 19,600 jobs added in 2023.
In January, Connecticut added another 2,300 jobs.
DOL Commissioner Danté Bartolomeo said the statewide economy remains “in good shape” and the year is off to a positive start.
However, she warned that changes at the national level — related to tariffs, federal spending and other factors — could impact Connecticut’s economy for the remainder of 2025.
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The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
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