Transactions & Valuation Issues

As we move into the second half of 2021, we have much more clarity on where healthcare transactions and physician alignment models are headed.

Reno, Nev.-based Renown Health and UnitedHealthcare have terminated their in-network contract agreement, according to News 4.

Tennessee should review HCA Healthcare's proposed purchase of Springfield, Tenn.-based NorthCrest Health, labor and union groups wrote in a letter to state Attorney General Herbert Slatery.

Below are eight hospital mergers called off since late May 2020, beginning with the most recent:

Norfolk, Va.-based Sentara Healthcare and Greensboro, N.C.-based Cone Health have abandoned plans to merge into an $11.5 billion system, the organizations said in a joint statement June 2. 

Mary Washington Healthcare in Fredericksburg, Va., and Cigna ended their network agreement May 30, according to The Free Lance-Star.

Oklahoma City-based OU Health Physicians will remain in network with Blue Cross Blue Shield of Oklahoma through June 30 of next year, according to a news release shared with Becker's June 2. 

Rhode Island regulators conditionally approved the sale of two privately owned hospitals in the state, ending an impasse that threatened to close the two facilities, according to The Wall Street Journal. 

Brentwood, Tenn.-based Quorum Health sold its consulting and outsourced services division to an affiliate of Grant Avenue Capital, a healthcare-focused private equity firm. 

Jefferson Health is poised to pick up 100 percent ownership in a Medicaid and Medicare health plan, according to the Philadelphia Business Journal.