Extendicare, one of the largest nursing home chains in the U.S., has agreed to a $38 million settlement to resolve federal claims that it improperly billed for physical therapy and provided such poor care that it was effectively worthless, reports The New York Times.

In a controversial move, Prime Healthcare Services has reached a deal to acquire six hospitals in California, reports Los Angeles Times.

More than 90 percent of the 300 doctors who received money from drug companies in exchange for speaking and consulting are men, reports The New York Times.

Health plans available to small businesses in health insurance exchanges are on average about 7 percent cheaper than comparable plans offered elsewhere, reports The Washington Post.

The Affordable Care Act, and its push to reign in healthcare spending, is catalyzing a new wave of telemedicine ventures.

Philips is merging its healthcare and consumer goods assets into one operation called Healthcare, reports Bloomberg. Together, these assets are valued at $19 billion. 

HACKENSACK, NJ – September 23, 2014 – COTA, Inc. today announced it has closed $3.7 million in a planned $7 million Series A funding round led by Horizon Healthcare Services, Inc. (Horizon), with participation from Med-Metrix.

Iodine, a new company slated to launch next week, will harness Google Consumer Surveys to provide an online service with tailored drug-taking information and advice, reports The New York Times.