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Health Care & Insurance

Allstate seeks local agents in Mass. growth plans

Allstate Insurance, which did not do business in Massachusetts for 25 years before returning in 2012, is expanding its Bay State market, and looking to line up a few Central Massachusetts agents and...

Unum CEO retires

After 12 years as chief executive of Unum Group, Thomas R. Watjen retired at the insurance company’s annual shareholder meeting today in Chattanooga, Tenn. Richard P. McKenney, Unum’s...

Senate passes plan to help more seniors afford home care

STATE HOUSE NEWS SERVICE |

Home care industry officials are celebrating passage of a Senate budget amendment on Wednesday that they say will make assistance more accessible and enable more seniors to avoid nursing home care.

Philips to move operations from N.Y. to Cambridge

Sam Bonacci |

The international lighting company Royal Philips, which has operations in Framingham, has signed a $25 million research agreement with MIT and will move its North American research center from New...

Home health on deck for reimbursement cuts?

Emily Micucci |

Hospitals have been feeling the heat from the Centers of Medicare and Medicaid Services since 2012, when the federal insurer — the largest single payer in the country — began penalizing...

Spectrum wins Va. prison contract

Spectrum Health Systems of Worcester has been awarded a contract by the Virginia Department of Corrections to provide therapeutic community programming at three state facilities, the private,...

Top health insurers report Q1 losses, blame ACA

Emily Micucci |

Compliance with new provisions of the Affordable Care Act were cited as factors in the first-quarter losses reported by four major Massachusetts health insurers Friday.

Precision Optics revenue jumps 17%

Precision Optics of Gardner, helped by higher demand for its products and the introduction of new offerings, saw a 17-percent jump in revenue growth in its latest quarter while the company cut its...

MAPFRE drops ‘Commerce’ from its name

Webster-based MAPFRE/Commerce Insurance has rebranded to MAPFRE Insurance, the company announced yesterday.In a statement, MAPFRE Insurance said that...

UMass Memorial seeks 19% stake in Quest subsidiary

UMass Memorial Medical Center is seeking a minority stake in Quest Diagnostics Massachusetts LLC, according to documents filed by both organizations with the Massachusetts Health Policy Commission.

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