MemorialCare, a Fountain Valley, Calif.-based health system, acquired an outpatient physical therapy provider through a joint venture with the Physical Rehabilitation Network.
Transactions & Valuation Issues
After Dignity Health issued a contract termination notice in January, the health system and Anthem have ended their relationship as of July 16.
Braden Health is acquiring Decatur County General Hospital in Parsons, Tenn., according to local news station WBBJ 7.
Two New York City hospitals, Maimonides Medical Center and New York Community Hospital, combined to form a new local health network in the Brooklyn borough, the organizations said July 19.
New York City officials are pushing for Richmond University Medical Center to become a public hospital, but the medical center is opposing the deal, according to the Staten Island Advance.
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Following the planned resignation of Centene's Jesse Hunter, executive vice president and chief strategy officer, Colin Toney is stepping into an executive vice president role, helming mergers and acquisitions, the company announced July 15.
In a reversal from earlier this month, two Pennsylvania healthcare organizations have decided to submit a bid to buy the financially struggling West Reading, Pa.-based Tower Health, according to the Philadelphia Business Journal.
Rome, Ga.-based Floyd Health System has joined Charlotte, N.C., based Atrium Health, according to a July 14 news release.
Blue Cross and Blue Shield of Oklahoma and Tulsa, Okla.-based Saint Francis Health System are both reportedly ready to renew their contract, but still sit in their transition period without a new agreement.
Related, an affordable housing developer in the U.S., will acquire a stake in healthcare provider CareMax as part of an effort to open senior health centers in underserved urban communities, the companies said July 13.