Centene Corp.'s recent agreement to buy Wellcare Health plans and create a government-sponsored healthcare giant could have implications for a host of other companies, including CVS Health and Humana, according to Barron's.
Transactions & Valuation Issues
Two hospitals owned by Centennial, Colo.-based Centura Health are now members of the MD Anderson Cancer Network, according to The Pueblo Chieftain.
Centene Corp. will acquire WellCare Health Plans in a cash and stock transaction valued at $17.3 billion, the health insurers said March 27.
A Maine judge has dismissed a lawsuit that sought to stop the merger of Dover-Foxcroft, Maine-based Mayo Regional Hospital and Northern Light Health in Brewer, Maine, according to The Piscataquis Observer.
Elizabeth, N.J.-based Trinitas Regional Medical Center and Robert Wood Johnson Barnabas Health System in West Orange, N.J., are discussing a merger, according to tapinto.net.
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Brewer, Maine-based Northern Light Health and Mayo Regional Hospital in Dover-Foxcroft, Maine, are one step closer to merging.
Panola Medical Center, a 112-bed hospital in Batesville, Miss., has had three different owners since 2017.
Aetna will close its mail-order prescription delivery location in Kansas City, Mo., resulting in 138 layoffs, according to the Kansas City Business Journal. This is the second site reported that Aetna will close.
Christus Health hospitals in Texas and Louisiana are no longer in Cigna's provider network, the Irving, Texas-based health system said on its website.
Detroit-based Wayne State University's efforts to expand its relationship with Henry Ford Health System remained stalled while questions arose about payments the university made to people who worked on the deal, according to documents cited by The Detroit News.