Fred's, a pharmacy chain based in Memphis, Tenn., gained $450 million in additional financing to purchase Camp Hill, Pa.-based Rite Aid's assets, according to a June 12 Securities and Exchange Commission filing.
Transactions & Valuation Issues
Madison, N.J.-based Quest Diagnostics signed definitive agreements to acquire two laboratory operations in Lewisville, Texas: Med Fusion and ClearPoint Diagnostic Laboratories, according to StreetInsider.com.
L.A. Care Health Plan in Los Angeles donated $500,000 to its partner institution Los Angeles-based Martin Luther King, Jr. Community Hospital to fund the organization's advanced care clinic.
Denver-based Melody Health Insurance acquired Alamosa-based Colorado Choice Health Plans June 1 after gaining regulatory approval from the Colorado Division of Insurance and Attorney General's Office.
Williamson County commissioners will not pursue a proposal to create a task force to determine if selling Williamson Medical Center — a 185-bed facility in Franklin, Tenn. — is a feasible option to bring more money to the county, according…
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Washington (Pa.) Health System revealed plans to form a clinically integrated network with Pittsburgh-based St. Clair Hospital, Greensburg, Pa.-based Excela Health and Butler (Pa.) Health System, according to the Observer-Reporter.
Central Florida health systems will likely decelerate the rate of physician group acquisitions, according to The Orlando Sentinel, which cited a report by Crushman & Wakefield.
Community Health Center of Branch County President and CEO Randy DeGroot said the hospital's sale to Toledo, Ohio-based ProMedica will be delayed until at least January 2018 to accommodate the passing of state legislation to make the hospital a nonprofit…
The following healthcare mergers, acquisitions and general partnerships took place or were announced the week of June 5.
Perimeter Healthcare, a behavioral healthcare company in Alpharetta, Ga., acquired Beacon Children's Hospital, a 28-bed inpatient psychiatric treatment center in Luverne, Ala., June 8.