Mergers of hospitals located closer together generally drive greater cost reductions, according to an updated study from the American Hospital Association.
Transactions & Valuation Issues
Promise Healthcare Group, a bankrupt hospital and nursing home chain based in Boca Raton, Fla., received a $63 million offer for its Florida facilities, according to Reuters.
Two Duke LifePoint hospitals are no longer in UnitedHealthcare's network and three other hospitals owned by the Brentwood, Tenn.-based health system are at risk of being out of the insurer's network Jan. 1, according to North Carolina Health News.
ProMedica Physician Group and Aetna resolved disagreements over their contract, allowing thousands of Aetna members to retain in-network access to 950 ProMedica physicians in 2019, according to The Blade.
Once Baylor Scott & White Health merges with Memorial Hermann to create the largest health system in Texas, the two entities still plan to maintain their distinct regional brands while operating under a new corporate name, Baylor Scott & White…
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San Francisco-based Dignity Health and Englewood, Colo.-based Catholic Health Initiatives extended the expected closing date for their merger from Dec. 31, 2018, to Jan. 31, 2019.
Charlotte, N.C.-based Atrium Health and Macon, Ga.-based Navicent Health signed a definitive agreement to form a "strategic combination," effective Jan. 1.
After receiving final regulatory approval, Cigna closed its $67 billion acquisition of pharmacy benefits manager Express Scripts Dec. 20.
Here are the five most-read stories involving health insurers published by Becker's Hospital Review in 2018:
Baltimore-based LifeBridge Health and Elkton, Md.-based Union Hospital of Cecil County have ended merger negotiations, according to the Cecil Whig.