Contract negotiations between New York City-based Montefiore Medical Center and UnitedHealthcare have stalled ahead of a Dec. 31 deadline, according to News 12 The Bronx.
Transactions & Valuation Issues
Cobalt Ventures, a subsidiary of Blue Cross and Blue Shield of Kansas City, picked up a minority stake in Cedar Gate Technology. Cedar Gate helps providers and payers manage their value-based care programs.
A bankruptcy court judge has signed off on Concord (N.H.) Hospital's $30 million acquisition of LRGHealthcare, a two-hospital system based in Laconia, N.H., according to The Laconia Daily Sun.
Two hospital systems in Washington state, CHI Franciscan and Virginia Mason Health System, have signed a definitive agreement to combine through a joint operating company that would be a subsidiary of Chicago-based CommonSpirit Health.
Memphis, Tenn.-based Methodist Le Bonheur Healthcare has decided not to pursue the $350 million purchase of two hospitals from Dallas-based Tenet Healthcare, according to the Daily Memphian.
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Here are four recent contract agreements or conflicts between payers and providers:
Worcester, Mass.-based UMass Memorial Healthcare and Southbridge, Mass.-based Harrington HealthCare System filed paperwork Dec. 22 for Harrington to become part of the UMass Memorial system, according to the Worcester Business Journal.
Three for-profit hospital operators entered into more than a dozen transactions this year.
Oscar Health is taking its first steps to officially file for an initial public offering, the insurer said Dec. 21.
An appellate court on Dec. 21 denied the Federal Trade Commission's latest attempt to block a merger between Philadelphia-based Jefferson Health and Einstein Healthcare Network.