There were 25 hospital and health system transactions in the third quarter of 2019, up from the 19 announced in the second quarter of this year, according to a recent report by financial consulting firm Kaufman Hall.
Transactions & Valuation Issues
Board members of Edison, N.J.-based Hackensack Meridian Health and Englewood (N.J.) Health signed a definitive agreement to merge Oct. 15.
Geisinger plans to transfer ownership of Holy Spirit Health System to Penn State Health, the Pennsylvania-based organizations announced Oct. 15.
Memorial Hospital and Health Care Center in Jasper, Ind., and Anthem Blue Cross Blue Shield have hit an impasse in their contract negotiations, according to The Herald.
A proposed combination of Blue Cross and Blue Shield of North Carolina and Cambia Health Solutions is officially off, boards of the organizations said Oct. 11.
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After months of negotiations, Elizabeth, N.J.-based Trinitas Regional Health Network has signed a letter of intent to join Robert Wood Johnson Barnabas Health System in West Orange, N.J.
The total number of healthcare mergers and acquisitions hit a record high in 2018, and dozens of deals have been announced this year.
Peoria, Ill.-based OSF HealthCare has finalized an agreement to merge with Evergreen Park, Ill.-based Little Company of Mary Hospital and Health Centers.
Patients may lose in-network access to Mission Health if their health insurer Cigna ends its relationship with the Asheville, N.C.-based hospital, according to local ABC affiliate 13 WLOS.
Columbus-based OhioHealth is now back in network with Anthem Blue Cross and Blue Shield's Medicare Advantage plans after a contract dispute in 2018, the organizations said in a press release shared with Becker's Hospital Review.