Transactions & Valuation Issues

Baptist Health and the University of Arkansas for Medical Sciences, both based in Little Rock, Ark., formed a strategic alliance to improve population health and offer more educational opportunities, while maintaining their independence.

Dallas-based Tenet Healthcare will sell its two Philadelphia hospitals to El Segundo, Calif.-based Paladin Healthcare for $170 million, to help lighten its debt burden of $15 billion.

Peconic Bay Medical Center in Riverhead, N.Y., part of New Hyde Park, N.Y.-based Northwell Health, plans to acquire the former Suffolk County National Bank campus for an expansion.

Under a consolidation plan, Camden, N.J.-based Cooper University Health Care will acquire Camden-based Lourdes Health System and Trenton, N.J.-based St. Francis Medical Center.

PinnacleHealth, a seven-hospital system in Harrisburg, Pa., has joined Pittsburgh-based UPMC.

In a recent blog post release from HID, government agencies can realize several benefits from implementing a mobile ID.

The following payers made headlines this week, beginning with the most recent. 

Charlotte, N.C.-based Carolinas HealthCare System signed a letter of intent to merge with Chapel Hill, N.C.-based UNC Health Care, forming one of the nation's largest hospital chains.

Managed care company WellCare of North Carolina, a subsidiary of Tampa, Fla.-based WellCare Health Plans, added Asheville, N.C.-based Mission Health System to its provider network Aug. 28.

Greenport, N.Y.-based Eastern Long Island Hospital awaits the closure of its deal to join Stony Brook (N.Y.) University Hospital two years after ELIH's board of trustees greenlighted the affiliation, Southold Local reports.