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.
Transactions & Valuation Issues
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.
The Illinois Health Facilities and Services Review Board unanimously approved a plan to change ownership for 10 Advocate Aurora facilities in the state covered by the system's plan to merge with Charlotte, N.C.-based Atrium Health, the Chicago Tribune reported Nov.…
Charleston, W.Va.-based Thomas Health will soon become part of West Virginia University Health System by the end of 2022.
Toledo, Ohio-based ProMedica plans to transfer the real estate and management of all its skilled nursing facilities with Welltower to the real estate investment company, effective Dec. 19, 2022.
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The physician medical group sector remains a hot transaction space that outperforms expectations each quarter. This sector’s strong prospects are driven by interest from private equity groups, health systems, and value-based care organizations. However, before buyers operate in this robust…
Youturn Health, a virtual behavioral health support program, has teamed up with Sure Med Compliance, a digital healthcare company for pain management risk mitigation, for a new behavioral health and substance misuse education platform.
Arlington, Va.-based Privia Health has formed a joint venture with Novant Health Enterprises, a division of the Winston-Salem, N.C.-based health system, to launch Privia Medical Group – North Carolina.
The following are hospital and health systems deals that were announced, completed or canceled in the month of October:
For $5 billion, CVS Health will settle all lawsuits — some that have lasted more than a decade — accusing the retail pharmacy chain of fueling the opioid epidemic. Walgreens also plans to settle its lawsuits for $4.95 billion over…