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Healthcare Brief (04/15/21)

Medical City Healthcare's parent company gives $6 billion back to government, Parkland opens new breast cancer center, and more.

Medical City Healthcare’s parent company HCA Healthcare is returning $6 billion in government assistance that they received as part of the Coronavirus Aid, Relief, and Economic Security Act. The company anticipates that they generated more revenue in the third quarter of 2020 than they did in the same period in 2019, up to $13.3 billion nationwide from 12.694 billion the year prior.

Parkland has opened its Moody Center for Breast Health, which was built with $40 million in charitable donations and brings services that used to require several appointments and locations into one place. Medical oncology, surgical oncology, plastic surgery, infusion, imaging and physical therapy services are now in a 40,000 square foot facility adjacent to Parkland Hospital.

Biotech company Allied BioScience, which developed a product to coat surfaces and prevent the spread of COVID-19, is moving its headquarters to Plano to provide for continued growth and demand for its products. With new partnerships in CanadaGermanyAustraliaIndia and the United Arab Emirates, the company doubled its office space with the move.

The Society of St. Vincent de Paul North Texas’ charitable pharmacy is expanding its reach, and now serves the uninsured whose household income is at or below 300 percent of the federal poverty line, which covers nearly half of all Texans. Since March of last year, the pharmacy has served nearly 1,000 patients and filled more than $3.4 million in prescriptions at 400 prescriptions per week.

The US Oncology Network has added TexasColon & Rectal Specialists as it continues to expand its surgical expertise. The addition adds 17 new surgeons to the network, which now includes 200 surgical specialists across a range of expertise. The network does its work with the support of Irving-based pharmaceutical network McKesson.