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Elevance, UnitedHealth among insurers accused of alleged price fixing
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Two CFOs see promise of AI, but have yet to build a dedicated budget
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Elevance laying off 123 California employees
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UAB, Press Ganey launch certificate program for healthcare leaders
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Healthcare chatbots may promote racist misinformation
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Hospitals, physicians submit opposing views to FTC ruling
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CVS announces Dr. Sreekanth Chaguturu as president, Health Care Delivery
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Telehealth prescribing of controlled drugs extended
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Cardinal Health set to acquire two companies for combined $3.9B
Cardinal Health set to acquire two companies for combined $3.9B
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Apr 20, 2015 More on Mergers & Acquisitions

Illinois Health and Science buys radiopharmaceutical manufacturer IBA Molecular

The move boosts Illinois Health and Science’s development of a new, high-capacity radiopharmaceutical production facility in Indianapolis.

Susan Morse, Executive Editor

Photo of Decatur Memorial Hospital from Facebook

Decatur Memorial Hospital operator Illinois Health and Science is acquiring, for an undisclosed price, radiopharmaceutical manufacturer IBA Molecular, according to IBAM.

IBA Molecular North America will continue to operate as an independent company headquartered in Dulles, Virginia.

[Also: Tracking 2015 mergers and acquisitions]

The collaboration will provide a network of accessible supply locations for all medical-use radiopharmaceuticals, according the company.

The move boosts Illinois Health and Science’s development of a new, high-capacity radiopharmaceutical production facility in Indianapolis, through its company Zevacor Molecular.

Illinois Health and Science is the parent company of Decatur Memorial Hospital, a regional not-for-profit hospital with over $900 million in revenue.

Twitter: @SusanMorseHFN

News
Ending racism in healthcare often begins with medical education - and is the target of a new national project Ending racism in healthcare often begins with medical education - and is the target of a new national project Inequities can be found in every facet of the industry, but targeting medical students and residents can help stem the tide.