Peoria, Ill.-based OSF HealthCare received approval from the state to acquire a majority ownership stake in Louisville, Ky.-based Kindred Healthcare's long-term care hospital in Peoria.
Transactions & Valuation Issues
Long Beach, Calif.-based Molina Healthcare is acquiring AgeWell New York's Medicaid managed long-term care business.
Cigna is selling $5.75 billion of its international insurance businesses to the world's largest property and casualty insurer, Chubb.
Irving, Texas-based Christus Health and Texas A&M University College of Medicine signed a new affiliation agreement that will help Northern Texas recruit and train more physicians.
Nashville, Tenn.-based HCA Healthcare has sold five Georgia hospitals since August.
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As antitrust enforcement in the U.S. comes under scrutiny, the American Hospital Association and 21 other organizations are urging Congress to avoid large changes to the legal and regulatory framework for evaluating mergers and acquisitions, arguing that, even with current…
Since Sept. 1, several mergers and acquisitions have taken place by U.S. health systems.
Although there were fewer merger and acquisition deals announced in the third quarter, the total transacted revenue and average seller size by revenue was higher, according to a recent analysis from healthcare consultant Kaufman Hall.
An October study by Health Affairs found that while mergers and acquisitions may provide more financial stability to hospitals, they also often cut less profitable service lines like maternal, neonatal and surgical care, potentially harming rural residents.
The American Hospital Association and the Association of American Medical Colleges jointly filed a "friend of court" brief in the U.S. District Court in Newark, N.J., in favor of Hackensack Meridian Health's proposed acquisition of Englewood (N.J.) Health, northjersey.com reported…