A contract dispute between Dallas-based Tenet Healthcare's Memphis, Tenn.-based facilities and Cigna remains unresolved as a Jan. 1 expiration date approaches, according to the Memphis Business Journal.
Transactions & Valuation Issues
The boards of Macon, Ga.-based Navicent Health and Charlotte, N.C.-based Atrium Health approved the systems' combination on Dec. 11, bringing the organizations one step closer to finalizing their partnership, according to The Telegraph.
The Federal Trade Commission has agreed to not challenge the proposed merger of Boston-based Partners HealthCare and Providence, R.I.-based Care New England, according to WPRI-12 News.
Miami-based Baptist Health South Florida and Boca Raton (Fla.) Regional Hospital signed a formal letter of intent to merge next year.
A joint venture between Brentwood, Tenn.-based LifePoint Health and LHC Group, a home healthcare provider based in Lafayette, La., has acquired two home healthcare providers.
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Corpus Christi, Texas-based Nueces County Hospital District voted to sell Christus Spohn Hospital Memorial, also in Corpus Christi, Dec. 10, according to the Caller Times.
Santa Clara County (Calif.) bought two financially struggling hospitals for $235 million in an attempt to ease crowding at Fruitdale, Calif.-based Santa Clara Valley Medical Center, which is operated by the county, according to the Santa Cruz Sentinel.
St. Joseph, Mo.-based Mosaic Life Care has reached an agreement to acquire St. Francis Hospital in Maryville, Mo., expanding its rural presence in the state, according to the St. Joseph News-Press.
While many larger healthcare organizations have announced proposed mergers or acquisitions within the past few years, rural hospitals have largely remained independent, according to a November report by the Rural Health Research and Policy Centers.
Private equity continued to move into new medical specialties in 2018, according to a recent report by financial advisory firm Solic Capital obtained by Becker's Hospital Review.