Urbana, Ill.-based Carle Health has completed its $190 million acquisition of two hospitals from Advocate Aurora Health, which has dual headquarters in Downers Grove, Ill., and Milwaukee.
Transactions & Valuation Issues
Molina Healthcare completed its acquisition of some assets of YourCare Health Plan, the insurer said July 1.
Mount Sinai Health System and Richmond University Medical Center, both based in New York City, have entered an academic and clinical partnership, according to the Staten Island Advance.
After a year of working to clear regulatory hurdles, two Boston health centers — East Boston Neighborhood Health Center and the South End Community Health Center — have merged, according to the Boston Globe.
Orlando (Fla.) Health on July 1 completed its acquisition of St. Cloud (Fla.) Regional Medical Center from Franklin, Tenn.-based Community Health Systems.
Guidance on vertical mergers got its first major overhaul from the Federal Trade Commission and the U.S. Department of Justice in more than 35 years under new joint guidelines published June 30.
Twenty-two parties interested in purchasing some or all of Americore Holdings' assets have signed nondisclosure agreements, according to a Chapter 11 trustee status report published June 17. Americore Holdings is a Florida-based three-hospital network that filed for bankruptcy in December.
A subsidiary of Centene Corp. is going to acquire the membership of NextLevel Health Partners, an Illinois Medicaid plan, the insurers said June 30.
Franklin, Tenn.-based Community Health Systems became the largest for-profit hospital operator in the nation in 2014 when it acquired Naples, Fla.-based Health Management Associates. Now, the company is selling off hospitals to pay down its debt.
In a bid to affiliate with or own New Hanover Medical Center in Wilmington, N.C., Novant Health signed a letter of intent to partner with UNC Health and its medical school. The organizations have now released additional details about the…