Richardson-based Blue Cross and Blue Shield of Texas will take on more than 400,000 members as it replaces Minnetonka, Minn.-based UnitedHealthcare's third-party contract with Employees Retirement System of Texas, according to Houston Chronicle.
Transactions & Valuation Issues
Oklahoma City-based Integris Health and Tulsa-based Blue Cross Blue Shield of Oklahoma reached a stalemate in contract negotiations, The Journal Record reports.
Lawrence (Kan.) Memorial Hospital inked a deal to acquire Lawrence-based The Reed Medical Group July 1, according to the Lawrence Journal-World.
Tacoma, Wash.-based CHI Franciscan Health and The University of Washington Tacoma expanded their existing collaboration to improve UW Tacoma students' access to healthcare services.
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.
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The Bergen County Freeholder board unanimously voted July 12 to select Paramus, N.J.-based nonprofit Care Plus Bergen to operate Bergen Regional Medical Center, a 1,070-bed hospital also in Paramus, according to NorthJersey.com.
Nashville, Tenn.-based Vanderbilt University Medical Center and Deerfield, Ill.-based Walgreens entered into an agreement allowing a VUMC subsidiary to operate 14 Walgreens retail clinics across the state.
St. Charles, Mo.-based Mercy patients with health insurance through Indianapolis-based Anthem will be able to access Mercy providers at in-network prices beginning Jan. 1, 2018.
Timothy Babineau, MD, CEO and president of the Providence, R.I.-based Lifespan health system, said his company is still open to a merger with Care New England if their deal with Boston-based Partners Healthcare doesn't go as planned, according to WPRI.
Five Massachusetts hospitals and health systems have signed a definitive agreement to merge.