CHI Franciscan and Virginia Mason officially formed an 11-hospital health system Jan. 5. The system, Virginia Mason Franciscan Health, will be part of Chicago-based CommonSpirit Health.
Transactions & Valuation Issues
Virginia Mason Memorial in Yakima, Wash., has transitioned back to an independent hospital and reverted to its old name, according to the Yakima Herald-Republic.
Franklin, Tenn.-based Community Health Systems has sold two Tennessee hospitals to Nashville, Tenn.-based Vanderbilt University Medical Center.
Harvard Pilgrim Health Care and Tufts Health Plan officially combined Jan. 1. The deal, announced in August 2019, comes about a decade after the organizations attempted to merge in 2011.
Here are nine deals involving health plans that have been announced since Dec. 2, 2020:
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Richmond, Va.-based VCU Health System has finalized its acquisition of 67-bed Riverside Tappahannock (Va.) Hospital and its related assets.
Evanston, Ill.-based NorthShore University HealthSystem finalized its acquisition of Northwest Community Healthcare, a single-hospital system based in Arlington Heights, Ill.
Twin Lakes Regional Medical Center, a 75-bed facility Leitchfield, Ky., joined Owensboro (Ky.) Health Jan. 4.
Cigna sold its group life, accident and disability insurance business to New York Life in a $6.3 billion deal, according to a Dec. 31 news release.
Centene will acquire behavioral health provider Magellan Health through a merger agreement, the organizations said Jan. 4.