Detroit Venture Partners wants its portfolio companies to move their operations to the heart of Detroit in the hopes of transforming the Motor City into a vibrant startup community like Boston and San Francisco, according to Xconomy Detroit.

International consulting firm PricewaterhouseCoopers says biotechnology companies must collaborate to produce more efficient and cost-effective medicines or face extinction in a new report called Biotech Reinvented.

The $120 million sale of three-hospital system Forum Health to Franklin, Tennessee-based Community Health Systems Inc. (NYSE:CYH) is expected to close sometime today.

Forum Health’s $120 million sale to a for-profit Tennessee company appears to be nearly wrapped up now that Ohio’s attorney general has given his blessing to the deal.

Ohio Attorney General Richard Cordray has promised to hold the for-profit health system that’s buying Forum Health in Youngstown accountable to its charity care commitments in the Youngstown area.

Forum Health will reimburse the U.S. government about $2.9 million as a result of a coding mix-up that led to the Youngstown health system overbilling some Medicare patients.Forum, which recently agreed to be sold for $120 million to a Tennessee-based health system, voluntarily disclosed the overbilling problem to the government, a U.S. attorney told the [...]

The Ohio Nurses Association has objected to selling Forum Health out of bankruptcy court to Community Health Systems in suburban Nashville, Tennessee — the 11th hour bidder that snatched the Youngstown, Ohio, health system from a privately owned hospital company last week. The nurses’ union objected to selling Forum Health to Community Health Systems because it violates work agreements between the union and Youngstown health system, according to the Youngstown Vindicator. The association filed its objection electronically with the U.S. Bankruptcy Court Northern District of Ohio on Sunday, the newspaper reported.

Rumored for months, privately owned Nashville, Tenn. hospital company Ardent Health Services has won the bid for Forum Health, agreeing to pay $69.8 million to buy the Youngstown, Ohio, health system out of bankruptcy court.Ardent is buying Northside Medical Center, Trumbull Memorial Hospital, Hillside Rehabilitation Hospital, as well as Forum Health’s physician group, two diagnostic [...]

A union leader at Trumbull Memorial Hospital told the Warren Tribune Chronicle on Thursday his members aren’t ”overly excited” about the prospect of Nashville, Tenn.-based Ardent Health Services buying Trumbull parent Forum Health, which is reorganizing in bankruptcy court.

A sale of Youngstown’s Forum Health, which is reorganizing under Chapter 11 bankruptcy protection, to Nashville, Tenn., hospital system Ardent Health Services hinges on successful negotiations with unions representing about 3,500 Forum workers, unnamed sources told the Tribune Chronicle.