healthcare

Los Angeles-Based Pacific Alliance Medical Center Closing

Pacific Alliance Medical Center

Hospitals to Close in L.A. The Pacific Alliance Medical Center (PAMC) will be shuttering when its lease expires, leaving 638 employees without jobs. The hospital is being closed due to California’s seismic standards, which would require massive reinvestment into the facility. The hospital was also the target of a federal whistleblower lawsuit that saw the company (more…)

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Alexion Pharmaceuticals Cutting 20% of Workforce, Moving HQ to Boston

Many pills and tablets on white isolate background.

Connecticut Demands State Money Back from Alexion as It Moves Jobs to Boston U.S. drugmaker Alexion Pharmaceuticals, Inc. has announced plans to slash its global workforce by 20% in a cost-saving effort. As part of these plans, the company is moving its headquarters to Boston by mid-2018. This news disappoints Connecticut state officials, who awarded financial (more…)

Insurers May Not Be Able to Weather Irma

Hurricane Irma road sign concept, 3D rendering

Florida Insurers May Not Be Able to Survive the Storm As Hurricane Irma begins to make landfall in Florida and devastate much of the coast and major cities like Miami, Florida insurers are getting battered as well, with the possibility that they may not be able to make the payments a looming threat.