Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell Bluefield (W.Va.) Regional Medical Center to Princeton (W.Va.) Community Hospital.
Transactions & Valuation Issues
Evanston, Ill.-based NorthShore University HealthSystem has entered into an agreement to acquire Swedish Covenant Health in Chicago.
Shareholders approved Centene's pending $17 billion acquisition of WellCare Health Plans in separate votes June 24, the companies said.
Minneapolis-based North Memorial Health and Blue Cross and Blue Shield of Minnesota signed a joint venture agreement to become shared owners of North Memorial's clinics.
Pittsburgh rivals UPMC and Highmark entered into an agreement that allows Highmark members to access UPMC hospitals and physicians at in-network prices for the next decade.
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Two Minneapolis hospital systems called off merger talks after entering preliminary negotiations earlier this year, according to the Star Tribune.
The last independent hospital in Long Island, N.Y., is exploring an affiliation agreement with Stony Brook (N.Y.) University Hospital, according to Newsday.
Elkton, Md.-based Union Hospital signed a letter of intent to join Wilmington, Del.-based Christiana Care Health System.
Optum may soon have a payment-processing platform under its wing that serves all but one of the 10 largest payers, The Wall Street Journal reports.
The Federal Trade Commission approved UnitedHealth Group's $4.3 billion acquisition of Davita Medical Group, with the condition that UnitedHealth sell one of its newly purchased medical groups in Nevada.