The total number of healthcare mergers and acquisitions hit a record high in 2018, and dozens of deals have been announced so far this year.
Transactions & Valuation Issues
MaineHealth in Portland is creating a joint venture with Anthem Blue Cross and Blue Shield of Maine to sell Medicare Advantage policies for 2020, according to the Portland Press Herald.
Boston Scientific today announced the completion of its acquisition of BTG plc. (LSE: BTG) pursuant to the previously announced scheme of arrangement. BTG develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals.
Pittsburgh-based Allegheny Health Network signed an affiliation agreement with Grove City (Pa.) Medical Center, the organizations said Aug. 19.
Prospect Medical Holdings, a for-profit hospital operator based in Los Angeles, is exploring an affiliation with Day Kimball Healthcare, a single-hospital system based in Putnam, Conn., according to the Hartford Business Journal.
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The Connecticut Office of Health Strategy has approved Hartford (Conn.) HealthCare's acquisition of substantially all of the assets of St. Vincent's Medical Center in Bridgeport, Conn., from Ascension.
St. Louis-based SSM Health and Denver-based Paladina Health have created a joint venture that will offer direct-to-employer primary care to businesses in the St. Louis region.
The University of Louisville (Ky.) board approved a deal Aug. 14 to take over Jewish Hospital and KentuckyOne Health's other Louisville assets, which include three more hospitals and four outpatient centers, according to local news station WDRB.
About eight years after failing to complete a proposed combination in 2011, Tufts Health Plan and Harvard Pilgrim Health Care are trying again.
The University of Louisville (Ky.) has returned to the negotiating table to buy the local Jewish Hospital and affiliated entities for $10 million, backed by a 20-year, $50 million loan from the state and $40 million from the Sts. Mary…