A consortium of four health systems that was expected to submit a bid for St. Christopher's Hospital for Children in Philadelphia bowed out of the auction, according to The Philadelphia Inquirer.
Transactions & Valuation Issues
Anne Arundel Medical Center in Annapolis, Md., and Doctors Community Health System, a single-hospital system based in Lanham, Md., have merged to create a new system: Luminis Health.
Commissioners of North Carolina's New Hanover County voted Sept. 16 to explore a sale of the hospital it owns, according to local television station WECT News.
St. Christopher's Hospital for Children in Philadelphia entered bankruptcy in late June, and several health systems are expected to place competing bids to take over the 188-bed hospital, according to The Philadelphia Inquirer.
The president of a Massachusetts health system and hospital group accused Blue Cross Blue Shield of Massachusetts of caring about revenues more than patients, according to an op-ed published by the Sippican Week.
Advertisement
UnitedHealth Group officially said it acquired payment-processing platform Equian in a transaction valued at $3.2 billion, according to the Star Tribune.
Care New England Health System, a three-hospital system based in Providence, R.I., withdrew from merger talks with two other organizations in July. That failed deal represents one of several hospital mergers that, at some point in their lifetime, were called…
Albany (N.Y.) Medical Center and Glens Falls (N.Y.) Hospital have agreed to affiliate, the organizations announced Sept. 12.
Three major healthcare organizations — LifePoint Health, MultiCare Health System and UW Medicine — have partnered to create Embright, a new clinically integrated network in the Pacific Northwest.
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.