Financial pressures exacerbated by the pandemic will likely lead to more consolidation in the healthcare industry, a trend policymakers must pay closer attention to, as it threatens to make healthcare even more expensive, Bloomberg's editorial board wrote in an opinion…
Transactions & Valuation Issues
Northfield, Ill.-based Medline has recorded growth every year since it was founded in 1966 by Jim and Jon Mills and is now one of the largest manufacturers and distributors of healthcare supplies worldwide.
Humana announced it has signed a definitive agreement to acquire One Homecare Solutions. The acquisition is part of the payer's strategy to offer value-based home healthcare, according to a June 14 news release.
Ontario, Calif.-based Prime Healthcare has a growth strategy in New Jersey that is centered on signing contracts with medical clinics as opposed to acquiring hospitals, according to NJ.com.
Cano Health, a primary care provider for seniors and underserved communities, acquired Miami-based University Health Care for $600 million, the organization said June 14.
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Six transactions involving hospitals and health systems have been announced, finalized or advanced since May 10:
Monongahela Valley Hospital, a 200-bed facility in Wickerham Manor-Fisher, Pa., signed a definitive agreement to join DuBois, Pa.-based Penn Highlands Healthcare.
Several employers in Colorado signed an agreement June 8 to directly contract with specific hospitals and freestanding outpatient centers in the state.
Randolph Health, a bankrupt single-hospital system based in Asheboro, N.C., received verbal approval from the North Carolina attorney general to join Roanoke, Va.-based American Healthcare System, according to the Triad Business Journal.
32BJ SEIU, a labor union in New York, has removed NewYork-Presbyterian from its network, citing high healthcare costs, according to Politico.