Swedish Covenant Health and the Rush System for Health, both based in Chicago, are negotiating a potential merger, according to the Chicago Sun-Times.
Transactions & Valuation Issues
Sonoma County (Calif.) residents voted in favor of a plan for the Palm Drive Health Care District to sell or lease Sebastopol, Calif.-based Palm Drive Hospital to American Advanced Medical Group, according to The Press Democrat.
The CEO of Lifespan Health System has called for more public discussion of the proposed merger between Boston-based Partners HealthCare and Providence, R.I.-based Care New England,, according to the Providence Journal.
Community Hospital in Grand Junction, Colo., and Centura Health in Centennial, Colo., have discontinued merger discussions roughly four months after signing a letter of intent to combine their organizations, according to The Daily Sentinel.
El Segundo, Calif.-based Verity Health, which entered Chapter 11 bankruptcy protection in August, completed the sale of two California hospitals on March 1, according to NBC Bay Area.
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Franklin, Tenn.-based Community Health Systems completed the sale of four South Carolina hospitals to Medical University of South Carolina Hospital Authority in Charleston on March 1.
Boston-based Beth Israel Deaconess Medical Center and Lahey Health in Burlington, Mass., officially merge March 1 to become Beth Israel Lahey Health, a system with 13 hospitals and 4,300 physicians across Massachusetts, according to WBUR.
Baltimore-based LifeBridge Health has signed a letter of intent with Cincinnati-based Bon Secours Mercy Health to acquire Bon Secours Baltimore Hospital.
The Department of Justice formally requested a judge sign off on its settlement to allow CVS Health to acquire Aetna for about $70 billion, according to Reuters.
Cigna cut Anthem "off at the knees" in its effort to assuage antitrust concerns over a proposed $48.9 billion merger, Anthem's general counsel said during trial, according to Bloomberg.