Kelby Krabbenhoft, president and CEO of Sioux Falls, S.D.-based Sanford Health, said the health system is on track to expand into several areas — including Chicago and Minnesota — and aims to announce certain merger plans by the end of…
Transactions & Valuation Issues
After failed partnership negotiations with Nashville, Tenn.-based HCA Healthcare and New Orleans-based Ochsner Health System, East Jefferson General Hospital must find a partnership organization or face a tough time meeting the needs of patients as a standalone facility, according to…
Local residents and town council members spoke out against Hartford (Conn.) HealthCare's plans to potentially close The Hospital of Central Connecticut's Bradley Memorial Campus in Southington, Conn., according to myrecordjournal.com.
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of Aug. 20:
Private equity firm Apollo Global Management reportedly withdrew its offer and ended negotiations to purchase Brentwood, Tenn.-based LifePoint Health before eventually finalizing a deal to acquire the 68-hospital system for $5.6 billion including debt, the Nashville Post reports.
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Iowa will give two health insurers managing its Medicaid program a 7.5 percent raise to stay in the $5 billion program, according to the Des Moines Register.
Blue Cross Blue Shield of Michigan is poised to shift management of 2,400 pharmacies from roughly eight in-house employees to Express Scripts, according to Crain's Detroit Business.
Amid financial woes, Huntsville (Texas) Memorial Hospital is actively searching for a health system partner to help finance various improvement projects, according to a KBTX news report.
Nurses and healthcare advocates expressed concern over the proposed merger between San Francisco-based Dignity Health and Englewood, Colo.-based Catholic Health Initiatives and its effect on their pensions and patients' access to care during a public meeting Aug. 23, the San…
Cigna shareholders voted Aug. 24 to approve the insurer's merger with Express Scripts, one of the largest pharmacy benefit managers in the U.S.