HITshow Daily: August 29, 2025 (Friday)

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Prospect Medical Holdings misses deadlines to sell hospitals in Connecticut, Methodist Metropolitan in San Antonio announces a $200M expansion, Alphabet’s Verily shutters its medical device unit to focus on AI, Oak HC/FT seeks $2B for its sixth healthcare and fintech fund, and CMS launches the “Crushing Fraud Chili Cook-Off” AI competition to tackle Medicare fraud.

HOST: Rhonda Brooks

📍 Providers & Markets
Teresa Vaughn reports on Prospect Medical Holdings missing deadlines to sell three Connecticut hospitals, with critics pointing to Medical Properties Trust’s sale-leaseback legacy that saddled facilities with long-term financial strain.

📍 Infrastructure & Expansion
Logan Stokes covers Methodist Hospital Metropolitan’s $200M expansion in San Antonio — adding 58 beds, new ORs, and a cath lab — a follow-up to yesterday’s story on hospitals racing to expand capacity.

📍 Healthtech Strategy
Nate Collier reports on Alphabet’s Verily shutting down its medical device unit and cutting jobs, pivoting toward AI and precision health strategies.

📍 Healthtech Investment
Jade Romero reports on Oak HC/FT seeking $2B for its sixth fund, targeting growth-stage healthcare and fintech startups. The Wall Street Journal notes investors are buoyed by AI breakthroughs, even as exits remain challenging.

📍 Healthcare Tech & Policy
Anika Shah reports on CMS launching the “Crushing Fraud Chili Cook-Off” competition, inviting teams to build explainable AI models to detect fraud in Medicare claims.

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Presented by: Altera Digital Health and Kimmchi