Activist investor Carl Icahn will stop soliciting votes from Cigna shareholders against the insurer's $54 billion takeover of Express Scripts, the billionaire investor said in an Aug. 13 statement.
Transactions & Valuation Issues
University of Texas Medical Branch at Galveston has entered into a letter of intent to lease Bay Area Regional Medical Center in Webster, Texas, which closed in May.
Cigna got another supporter of its $52 billion bid for Express Scripts after activist investor Carl Icahn called on shareholders to vote against the deal Aug. 7, according to Reuters.
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of Aug. 6:
Becker's Hospital Review reported these eight contract resolutions and dissolutions between payers and providers since July 20, beginning with the most recent.
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Humana sold the stock of its commercial long-term care insurance business, KMG American Corp., Aug. 9.
The Georgia Attorney General's Office approved the integration of Atlanta-based Emory Healthcare and DeKalb Medical, the Decatur, Ga.-based health system announced Aug. 8.
Boston-based Partners HealthCare and Providence, R.I.-based Care New England have asked Rhode Island health officials to expedite their review of the systems' proposed merger, citing Care New England's ongoing fiscal issues, according to Rhode Island Public Radio.
Camp Hill, Pa.-based Rite Aid and Albertsons, a Boise, Idaho-based grocery chain, terminated their planned $24 billion merger Aug. 8.
UnitedHealth Group will acquire four clinics through its purchase of Peoples Health, a Metairie, La.-based Medicare Advantage plan, according to the Star Tribune.