Brentwood, Tenn.-based Quorum Health signed a letter of intent to buy a Missouri hospital from St. Louis-based SSM Health. If the transaction is finalized, it would be the for-profit operator's first hospital in Missouri.
Transactions & Valuation Issues
As part of a financial turnaround plan, Tower Health will consider selling all six of its Philadelphia-area hospitals, according to The Philadelphia Inquirer.
Some hospitals in Georgia will no longer contract with Anthem Blue Cross Blue Shield of Georgia's ACA marketplace plans, according to WALB 10 News.
The University of Texas Medical Branch Health is ending its contract with Aetna next spring, according to the Houston Chronicle.
Punxsutawney (Pa.) Area Hospital and Indiana (Pa.) Regional Medical Center have signed a definitive agreement to merge under one parent organization.
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Laconia, N.H.-based LRGHealthcare will auction off its assets, including its two hospitals, on Dec. 16, according to The Laconia Daily Sun.
Renton, Wash.-based Providence agreed to join Anthem Blue Cross' Vivity Health Plan as a joint venture partner, effective Nov. 1.
Two hospitals in Illinois received approval from the state to combine and consolidate operations, according to The Times.
Three Rivers (Mich.) Health, a single-hospital system, signed a letter of intent to join Beacon Health System in South Bend, Ind.
Tyrone (Pa.) Hospital has joined DuBois, Pa.-based Penn Highlands Healthcare, the organizations announced Nov. 4.