One of the nation’s largest health systems is shoring up its expenses by cutting back on contract labor amid growing financial challenges. 

The ever-rising cost of healthcare in the United States is having a crippling financial impact on many Americans, according to a recent survey.

The acquisition includes an initial investment of $35 million and an upfront closing payment of $200 million. By 2029, if the companies reach all targeted regulatory and commercial milestones, the acquisition could cost Cordis up to $1.135 billion in all.

In recent years the world’s supply of helium has raised heightened concerns, and some suppliers recently started to ration the nonrenewable element. 

“These initial actions are needed to start turning the company around," new CEO Roy Jakobs said in a statement. 

More than four-fifths of healthcare provider organizations are shorthanded of allied health professionals, and the job title with the most unfilled positions in the category is radiologic technologist.

“Once the study begins, it will likely be one of the largest heart pacing clinical trials happening in the world over the next few years," one specialist said. 

Bright Health Group announced it has raised $175 million, as well as major changes to its business operations.