The American Hospital Association released a report stating that hospital acquisitions allow providers to provide better care at a lower cost to patients.
Transactions & Valuation Issues
Brentwood, Tenn.-based Quorum hit an impasse in negotiations with a physician-led management company that is seeking to buy MetroSouth Medical Center in Blue Island, Ill., and save it from closure, according to a local news report in The Beverly Review.
A contract dispute between UnitedHealth Group and physician staffing company TeamHealth could indirectly affect hospitals and other providers, according to credit rating agency Moody's Investors Service.
Two Washington, D.C.-based children's health systems received regulatory approval to integrate, the organizations said Sept. 3.
KPC Global, a Santa Ana, Calif.-based hospital operator, submitted a last-minute filing Aug. 29 to participate in a bankruptcy hearing that could determine the fate of Philadelphia-based Hahnemann University Hospital's residency program, according to Philadelphia Business Journal.
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Moda Health will reenter the ACA's individual health insurance exchange in Alaska after exiting the market in 2016, according to The Cordova Times.
After a springtime lull, the healthcare industry saw transaction volumes bounce back in July, according to Bloomberg Law.
Franklin, Tenn.-based Community Health Systems has sold two Florida hospitals to Altamonte Springs, Fla.-based AdventHealth.
Brentwood, Tenn.-based Quorum Health expects to complete the divestiture of a 106-bed hospital in California in coming months.
Priority Health, an insurer in Grand Rapids, Mich., is merging with Detroit-based insurer Total Health Care, according to the Grand Rapids Business Journal.