Premise Health, a Brentwoood, Tenn.-based direct healthcare provider, signed a definitive agreement to acquire wellness center operator CareHere, the companies said Sept. 1.
Transactions & Valuation Issues
Randolph Health, a bankrupt single-hospital system based in Asheboro, N.C., has finalized an agreement to be sold to the Dava Foundation, according to the Courier-Tribune.
South Shore Health, a two-hospital system based in South Weymouth, Mass., is looking for a partner and sending out requests for proposals, according to the Boston Business Journal.
Neither Anthem nor Cigna will get billions in breakup fees and damages from the fallout of their proposed combination, a Delaware judge said Aug. 31 in an opinion cited by Bloomberg.
Eleven transactions involving hospitals and health systems announced, finalized or advanced since Aug. 1:
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Two of the largest healthcare acquisitions announced this year were in August, including Teladoc and Livongo's $18.3 billion merger, according to S&P Global Ratings.
StoneBridge Healthcare offered $475 million to buy Chattanooga, Tenn.-based Erlanger Health System from Hamilton County, but local leaders say there is no plan to sell the safety-net hospital, according to the Chattanooga Times Free Press.
Yavapai Regional Medical Center, a two-hospital system based in Prescott, Ariz., announced Aug. 25 that it has entered into an affiliation agreement to join Dignity Health's Arizona Division.
Randolph Health, a bankrupt single-hospital system based in Asheboro, N.C., is working to finalize an agreement to be sold to the Dava Foundation.
Sistersville (W.Va.) General Hospital will join Marietta, Ohio-based Memorial Health System Oct. 1, according to The Marietta Times.