Franklin, Tenn.-based Community Health Systems plans to sell all of its hospitals in South Carolina.
Transactions & Valuation Issues
The University of Pennsylvania Health System is expanding into the U.K. with the opening of a facility in London, the Philadelphia-based health system announced Nov. 19.
Mount Sinai Health System signed an agreement with Taikang Healthcare in Beijing to provide clinical, educational and training programs for Xianlin Drum Tower Hospital in Nanjing, China, the New York City-based health system announced Nov. 15.
Boston-based Partners HealthCare President and CEO David Torchiana, MD, said the institution has halted merger discussions with Wellesley, Mass.-based insurer Harvard Pilgrim Health Care, The Boston Globe reports.
Orlando-based Florida Hospital — soon to be renamed AdventHealth — purchased a minority share of Health First, a nonprofit community health system comprising four hospitals in Brevard County, Fla.
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California's Department of Managed Care gave CVS Health the green light to move forward with its $69 billion acquisition of Aetna Nov. 15.
Brentwood, Tenn.-based LifePoint Health has completed its merger with RCCH HealthCare Partners, which is owned by Apollo Global Management.
Healthcare organizations continue to consolidate through the formation of multihospital health systems and networks, while simultaneously focusing on integration to foster more efficient operations across their organization.
Englewood, Colo.-based Catholic Health Initiatives and San Francisco-based Dignity Health have picked a name for the combined system their proposed mega-merger will create: CommonSpirit Health.
Cigna health plan members may no longer have in-network access to Dallas-based Tenet Healthcare's Memphis, Tenn.-based facilities if the two parties can't agree on a contract renewal by Dec. 31, according to The Memphis Commercial Appeal.