Transactions & Valuation Issues

Reclassification of Philips’ shares reflects company’s focus on health technology

Norfolk, Va.-based Optima Health will reduce its individual marketplace footprint next year in Virginia, a move possibly leaving 70,000 enrollees without coverage.

Dallas-based Tenet Healthcare plans to divest eight hospitals in four U.S. markets, including Philadelphia, as well as nine facilities in the United Kingdom, according to a presentation from outgoing CEO Trevor Fetter at the Baird 2017 Global Healthcare Conference.

Baltimore-based Evergreen Health, one of 23 nonprofit health plans created under the ACA, will be liquidated by the end of September, The Baltimore Sun reports.

Physician practice consolidation evades federal agencies' attempts to address antitrust concerns because it occurs largely through small acquisitions or individual hires, according to a study published by Health Affairs.  

Hancock Medical Center in Bay Saint Louis, Miss., has entered a long-term, capital lease agreement with New Orleans-based Ochsner Health System.

Indianapolis-based Anthem continued its 2018 exchange rollback in Missouri where it will pull its individual products from 17 counties, including the city of St. Louis, according to a St. Louis Post-Dispatch report.

The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.

If you are in healthcare, you no doubt have been involved in a merger and acquisition of some sort or know several people who have been.

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