Health systems across the U.S. are looking for ways to improve the overall health of the communities they serve while cutting costs. One emerging trend to reconcile these seemingly competing goals is investing in primary care and express care sites.
Transactions & Valuation Issues
Healthcare mergers and acquisitions activity is expected to rebound in 2019, increasing to $331 billion, according to a recent report from law firm Baker McKenzie and cited by CNBC.
Englewood, Colo.-based Catholic Health Initiatives agreed to sell its health plan to Centene Corp., according to the Arkansas Democrat-Gazette.
Pittsburgh-based UPMC revealed plans Jan. 8 to build a second, 250-bed hospital facility in Palermo, Italy.
The University of Louisville in Kentucky reportedly bid to acquire several hospitals and other assets from Louisville-based KentuckyOne Health that have been on sale for more than one year, according to WDRB.com.
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Quorum Health entered into a definitive agreement to sell Scenic Mountain Medical Center in Big Spring, Texas, the Brentwood, Tenn.-based hospital operator announced Jan. 7.
Ascension acquired the clinic and physicians associated with Rockdale, Texas-based Little River Healthcare, which closed in December, the St. Louis-based health system said Jan. 4.
INDIANAPOLIS, IN – (January 7, 2019) –Zotec Partners (Zotec), an industry-leading provider of radiology revenue cycle and practice management services, announces an exclusive RCM partnership with Rockford Radiology Associates (RRA).
Ascension signed a nonbinding letter of intent to integrate Allegan (Mich.) General Hospital, the St. Louis-based system announced Jan. 4.
New York City-based urgent care system CityMD inked a new contract to remain in UnitedHealthcare's network, according to Crain's New York Business.