At the outset of 2017, we predicted that the outlook for healthcare M&A activity would remain strong in the upcoming year.
Transactions & Valuation Issues
Yale New Haven (Conn.) Children's Hospital and Hartford-based Connecticut Children's Medical Center have tabled talks to combine operations, according to the Hartford Courant.
Becker's Hospital Review reported these five contract resolutions and dissolutions between payers and providers in the past two weeks, beginning with the most recent.
Rochester, Minn.-based Mayo Clinic Health System providers in Wisconsin and Minnesota are now considered in-network for Marshfield, Wis.-based Security Health Plan's policyholders.
New Orleans-based Ochsner Health System and Blue Cross and Blue Shield of Louisiana partnered to provide a joint health plan.
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The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.
Minnetonka, Minn.-based UnitedHealth Group signed a nonbinding agreement to purchase all shares of Banmedica SA, a health insurance and clinic operator in Chile, Reuters reports.
Between 100 and 200 Springdale, Ark.-based Northwest Health physicians went out-of-network with UnitedHealthcare Aug. 1 following a contract dispute that could affect the network status of the system's hospitals if unresolved, according to a Northwest Arkansas Democrat Gazette report.
Brentwood, Tenn.-based Quorum Health has signed a definitive agreement to sell L.V. Stabler Memorial Hospital, a 72-bed facility in Greenville, Ala., to the Health Care Authority of the City of Greenville – L.V. Stabler Hospital, a public corporation.
Companies in the payer space actively pursuing mergers and acquisitions are outpacing their competitors as payment models shift from fee-for-service to value-based care, according to a Brocair Partners market analysis.