The University of Michigan Health's board of regents on Dec. 8 approved a proposed agreement that would see it acquire Lansing, Mich.-based Sparrow Health System to become a $7 billion-health system with more than 200 sites of care.
Transactions & Valuation Issues
Trenton, N.J.-based Capital Health has received approval to take over services from Trenton-based St. Francis Medical Center.
New Orleans-based Ochsner Health, a 47-hospital system with more than 36,000 employees, has acquired Diamondhead (Miss.) Urgent Care, NBC affiliate WXXV reported Dec. 7.
Executives from Texas A&M University-San Antonio, Bryan-based Texas A&M Health and San Antonio-based University Health have partnered to expand care, medical training and research in South Texas and Bexar County.
Atrium Health and Advocate Aurora Health closed on their formal combination Dec. 2, resulting in a newly combined $27 billion, 67-hospital system called Advocate Health — the fifth-largest nonprofit health system in the U.S.
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The following are hospital and health system deals that were announced, completed or canceled in the month of November:
Minnesota's attorney general plans to host several public hearings in early 2023 to collect input on the proposed merger of Sanford Health and Fairview Health, the Star Tribune reported Nov. 22.
Teva Pharmaceuticals and AbbVie's Allergan followed the lead of retail pharmacy chains to allot billions of dollars to settle nationwide opioid lawsuits, according to North Carolina Attorney General Josh Stein.
Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health have approved negotiations for a merger — nearly one decade after their first attempt fell through, the Star Tribune reported Nov. 15.
Walmart has reached a possible $3.1 billion opioid settlement with state and local governments, according to a Nov. 15 news release from the company.