Ameet Sachdev

German pharmaceutical firm strikes state deal for Des Plaines facility

June 12, 2018 at 2:45 a.m.

A German pharmaceutical manufacturer plans to build a production facility in suburban Des Plaines that would create at least 300 jobs, Illinois officials said Tuesday. The project would be one...

Sagent Pharmaceuticals, of Schaumburg, to be acquired by Japanese company

June 10, 2018 at 3:58 p.m.

Consolidation in the global pharmaceutical market has snared another Chicago-area company. Schaumburg-based Sagent Pharmaceuticals has agreed to be acquired by Nichi-Iko Pharmaceutical of Tokyo for about $736 million. The deal...

Illinois regulators move to protect Land of Lincoln policyholders

June 10, 2018 at 5:21 p.m.

The Illinois Department of Insurance has stepped in to protect the policyholders of troubled Land of Lincoln Health, a startup insurer created under the Affordable Care Act. The agency has...

New Abbott stent, which dissolves in blood vessel, gets FDA approval

June 10, 2018 at 4:23 p.m.

Abbott Laboratories has a new trick up its sleeve: the disappearing heart stent. The U.S. Food and Drug Administration has approved the company's Absorb stent that is designed to dissolve...

The profit margins are lower at community hospitals, which provide a broad range of medical services, than at psychiatric care facilities. Mental health hospitals are fairly simple operations that don't require expensive equipment and technology.

For-profit psychiatric care firm says it’s filling gap in Chicago area

June 10, 2018 at 5:14 p.m.

Maryville Academy was days away from closing its psychiatric hospital in Des Plaines in 2014 when it was offered a lifeline from a New York doctor-turned-entrepreneur. Richard Kresch, a psychiatrist,...

Rush, Cook County hospitals get grant for fight against deadly superbugs

June 10, 2018 at 3:28 p.m.

A collaboration between Rush University Medical Center and the Cook County health system will receive nearly $10 million to continue research in fighting deadly superbugs, the Centers for Disease Control...

Traders react during the morning trading session at the S&P 500 options pit at the Chicago Board Options Exchange (CBOE) on June 24, 2016, following Thursday's historic Brexit vote.

Illinois companies sound cautious note after Brexit vote

June 10, 2018 at 4:11 p.m.

The British people's vote Thursday to leave the European Union isn't playing so big in Peoria. Caterpillar might call the central Illinois city its headquarters, but the construction equipment-maker also...

Jason Montrie, president and interim CEO of Land of Lincoln Health in Chicago is photographed in the company offices Oct. 22, 2015.

Insurer Land of Lincoln sues over unpaid Obamacare subsidies

June 10, 2018 at 5:00 p.m.

Start-up insurer Land of Lincoln Health sued the federal government Thursday, saying it is owed more than $70 million under the Affordable Care Act. Land of Lincoln said in the...

This Chicago metropolitan area is one of 27 geographic "hot spots" identified by an analysis of Medicare claims data by the U.S. Department of Health and Human Services' Office of Inspector General.

Chicago a hot spot for home health fraud

June 10, 2018 at 4:58 p.m.

Chicago's home health care industry has a big fraud problem and a federal study released Wednesday suggests more scrutiny may be warranted. The metropolitan area is one of 27 geographic...

Judge says FTC’s market analysis was flawed in Advocate-NorthShore case

June 10, 2018 at 5:02 p.m.

After six days of testimony from insurance executives, hospital CEOs and industry experts, the federal government's attempt to block the proposed merger of Advocate Health Care and NorthShore University HealthSystem...

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