Shanghai, China-based private investment firm Shanda Asset Management Holding, owned by Chinese billionaire Tianqiao Chen, released a statement reiterating its role as a passive investor in Franklin, Tenn.-based Community Health Systems, according to The Street.
Transactions & Valuation Issues
CHI Memorial Hospital in Chattanooga, Tenn., notified affiliated providers it failed to negotiate a new contract with UnitedHealthcare, Times Free Press reports.
Flowood-based Mississippi Blood Services will be the official provider of all blood-related services and products to Meridian, Miss.-based Anderson Regional Health System, effective Oct. 1, according to the Meridian Star.
Arlington, Va.-based Evolent Health, which assists healthcare companies in transitioning to value-based care, completed its $219.4 million acquisition of Chicago-based Valence Health, according to the Washington Business Journal.
Clearwater, Fla.-based BayCare Health System is the newest member to join Chicago-based AVIA Innovator Network, a network of 20 health systems all seeking to transform healthcare through the adoption of digital solutions.
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Nashville, Tenn.-based Ardent Health Services and Plano, Texas-based LHP Hospital Group have entered into a definitive agreement to merge the two institutions. The merged entity will become the second largest private, for-profit hospital operator by revenue in the U.S.
Brentwood, Tenn.-based Duke LifePoint ceased discussions with Longview, Texas-based Good Shepherd Health System over a possible acquisition, according to the Longview News-Journal.
Kindred Healthcare completed the sale of 12 long-term acute care hospitals to Curahealth for $27.5 million.
Shore Capital Partners, a healthcare-focused private equity firm, has sold ClearPath Diagnostics, a provider of laboratory diagnostic services based in Syracuse, N.Y., to healthcare diagnostics company Laboratory Corporation of America Holdings.
Philadelphia Eagles rookie quarterback Carson Wentz signed an endorsement contract with Sioux Falls, S.D.-based Sanford Health.