The Federal Trade Commission chair is raising concern about a merger boom in the U.S. and warning that the high volume of deals is straining agency resources, Bloomberg reported July 28.
Transactions & Valuation Issues
Lynchburg, Va.-based Centra and UVA Health in Charlottesville, Va., struck a clinical affiliation, the health systems said July 28.
Anthem Blue Cross and Sacramento, Calif.-based Sutter Health have agreed to a multiyear extension of their current contract, set to expire in 18 months.
There were 283 healthcare deals announced or closed this June, which exceeds previously recorded volumes, Bloomberg Law reported July 28.
Supporters of the proposed merger between Care New England Health System and Lifespan say that the deal is the "only way" to prevent several hospitals in Rhode Island from closing, the Boston Globe reported July 27.
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Blue Cross and Blue Shield of Oklahoma announced a new contract agreement with Tulsa, Okla.-based Saint Francis Health System.
Former Athenahealth CEO Jonathan Bush and Golden State Warriors NBA player Klay Thompson recently joined a $5 million investing round for healthcare price transparency startup Turquoise Health.
Albany, N.Y.-based St. Peter's Health Partners and Schenectady, N.Y.-based Ellis Medicine have paused their merger, according to a July 22 report in The Daily Gazette.
Altru Health System in Grand Forks, N.D., has approached CHI St. Alexius Health about purchasing its 25-bed critical access hospital in Devils Lake, N.D., according to the Devils Lake Journal.
Midland Memorial Hospital in Odessa, Texas, is now a joint owner of an 80-bed inpatient rehabilitation hospital in Odessa, according to a July 22 news release.