Randolph Health, a single-hospital system based in Asheboro, N.C., sold for $18.5 million after receiving seven takeover bids during a bankruptcy auction, according to the Courier-Tribune.
Transactions & Valuation Issues
Charlotte, N.C.-based Atrium Health and Winston-Salem, N.C.-based Wake Forest Baptist Health have completed their merger, creating a 42-hospital system with more than 70,000 employees.
Winston-Salem, N.C.-based Novant Health was one of three major health systems competing to expand in North Carolina by securing a deal to partner with or own New Hanover Regional Medical Center in Wilmington, N.C. Novant Health emerged as the winner in…
Albany, N.Y.-based St. Peter's Health Partners and Schenectady, N.Y.-based Ellis Medicine have signed a letter of intent to explore combining.
The Ohio State University Wexner Medical Center in Columbus and Chillicothe, Ohio-based Adena Health System are expanding their affiliation in an effort to expand patient access and focus on addressing specific community health needs, including obesity, lung cancer and addiction.
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Recently filed deeds shed more light on the financial details of Orlando (Fla.) Health's acquisition of Bayfront Health St. Petersburg from Franklin, Tenn.-based Community Health Systems, according to The St. Pete Catalyst.
Here are six recent contract agreements and conflicts between payers and providers:
Lori Flees, senior vice president and COO of Walmart Health, officially launched Walmart Insurance Services Oct. 6. The insurance agency will "assist people with enrolling in insurance plans and simplify what's historically been a cumbersome, confusing process," Ms. Flees said.
Texas regulators have approved Franklin, Tenn.-based Community Health Systems' planned divestiture of two hospitals in the state, despite objection from the Federal Trade Commission.
The New Hanover County Commissioners voted to approve Novant Health's $5.3 billion deal to purchase New Hanover Regional Medical Center in Wilmington, N.C.