The total number of healthcare mergers and acquisitions hit a record high in 2018, and there were more than 400 deals announced in the third quarter of this year.
Transactions & Valuation Issues
Phoenix-based Banner Health has acquired North Colorado Medical Center in Greeley, which it has operated since 1995.
Cincinnati-based Bon Secours Mercy Health plans to acquire a majority stake in Charleston, S.C.-based Roper St. Francis Healthcare, a joint venture formed by three systems 21 years ago.
West Orange, N.J.-based RWJBarnabas Health has signed a letter of intent to buy two hospitals from Jersey City, N.J.-based CarePoint Health.
Last month, Anne Arundel Medical Center and Doctors Community Health System revealed they have merged under the name Luminis Health.
Advertisement
The Federal Trade Commission has ordered five major health insurers and two hospital systems to hand over various cost and claims data to help the agency study the effects of hospital mergers.
Healthcare merger and acquisition spending totaled $51.5 billion in the third quarter of 2019, up 65 percent year over year, according to HealthCareMandA.com.
Norton Healthcare, U of L Physicians – Pediatrics and the University of Louisville School of Medicine, all in Louisville, Ky., have signed a definitive agreement for a pediatric affiliation, the entities announced in a joint news release.
Insurance departments in five states approved Centene's proposed $17.3 billion acquisition of WellCare Health Plans, bringing the total number of state approvals to 24.
UnitedHealth Group will lose two contracts with large employers to provide their workers retirement healthcare benefits, according to Bloomberg.