CVS Health has inked a definitive merger agreement to acquire all outstanding shares of Aetna for roughly $69 billion in cash and stock, and the deal may lead other healthcare industry players to join forces.
Transactions & Valuation Issues
A North Carolina community is still coping with the loss of its community hospital, which closed its doors for 13 years ago, according to the HickoryRecord.com.
Green Bay, Wis.-based Bellin Health signed a letter of intent to acquire Iron Mountain, Mich.-based Dickinson County Healthcare System Dec. 4.
New Orleans-based Ochsner Health System will assume operations at the state's safety net hospitals in Monroe and Shreveport, The News Star reports.
Erlanger Health System, a five-hospital system in Chattanooga, Tenn., and Lafayette, La.-based LHC Group finalized a joint venture agreement Dec. 4 to enhance home health services for Chattanooga residents.
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The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.
Advocate Health Care, a 12-hospital system based in Downers Grove, Ill., and Aurora Health Care, a 15-hospital system based in Milwaukee, plan to merge to create the 10th largest nonprofit health system in the U.S.
Woonsocket, R.I.-based CVS Health entered into a definitive agreement Sunday to acquire Aetna for $69 billion, bringing together one of the nation's largest pharmacy benefit managers and one of its biggest health insurers, Fortune reports.
CVS Health inked a definitive merger agreement to acquire all outstanding shares of Aetna for roughly $69 billion in cash and stock.
New Brunswick, N.J.-based Saint Peter's University Hospital filed a motion to supplement its complaint against Horizon Blue Cross Blue Shield of New Jersey's tiered provider network, the Courier News reports.