After failed merger attempts with Lifespan and unsuccessful acquisition talks with Partners HealthCare, Providence, R.I.-based Care New England is shifting its focus to staying independent, according to the Boston Business Journal.
Transactions & Valuation Issues
The American Advanced Management Group has completed its purchase of Sonoma Specialty Hospital in Sebastopol, Calif., from the Palm Drive Health Care District, according to Sonoma West Times & News.
Centene Corp. and WellCare Health Plans received approvals from Illinois and New Jersey to merge, the organizations said Dec. 5.
Mistakes are magnified in frothy capital markets when transaction prices and deal multiples are high.
McLaren Health Care, a 14 hospital system in Grand Blanc, Mich., has signed a letter of intent to acquire St. Luke's Hospital in Maumee, Ohio.
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Lafayette (La.) General Health and Jennings (La.) American Legion Hospital have signed a letter of intent to merge.
University of Louisville (Ky.) tried to partner with two other systems to help it buy Louisville-based Jewish Hospital and KentuckyOne Health's other assets, according to a new policy brief obtained by the Louisville Business First.
Brentwood, Tenn.-based Quorum Health has received a nonbinding proposal letter from KKR & Co., a New York City-based private equity firm, according to a Securities and Exchange Commission filing.
Passport Health Plan is among the losers in a bid to help manage Kentucky's $8 billion-a-year Medicaid business, according to the Courier Journal.
CVS Health will acquire a subsidiary of Centene Corp. in Illinois, the organizations said Dec. 2.