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Hanover Portfolio Acquisitions in Woodland, Calif., announced that it has executed a letter of intent to acquire 70 percent of Pulsed Energy Technologies, in New Hollywood, Calif., a pain management medical device company.

Here are five tips to improve profits this year.

In 2011, the nation's 4,973 non-profit hospitals recorded $41.1 billion in uncompensated care — the most ever recorded since the American Hospital Association first tracked the data in 1980, according to the AHA's Annual Survey of Hospitals (pdf).

Benjamin Noonan, MD, of Orthopedics & Sports Medicine in Fargo, N.D., has received a Sanford Seed grant for his research, according to an Argus Leader and Sioux Falls Business Journal report.

James Andrews, MD, founder of Andrews Institute for Orthopaedics & Sports Medicine in Gulf Breeze, Fla., published a book on sports medicine care for young athletes, according to a Tulsa World report.

David A. J. Belman, MD, an orthopedic surgeon with the Hospital of Central Connecticut, received the William A. Petit, Jr., MD, Physician Service Award, according to a Patch report.

Joseph Scoggin, MD, recently joined The CORE Institute in Mesa, Ariz.

A recently proposed house bill, Telehealth Promotion Act of 2012 (HR 6719), would augment federal support for telehealth services across the country, according to a report by PhysBizTech.

Neuros Medical, a medical device company in Willoughby, Ohio, announced the completion of its implantable generator for use in chronic pain applications, according to a Fort Mill Times report.

NeuroMetrix in Waltham, Mass., announced that it has initiated a commercial shipment of its SENSUS Pain Management System, which received FDA approval in November 2011.