Health insurers Aetna, Molina Healthcare, WellCare and Gateway Health Plan appealed their loss of managed care contracts that the Pennsylvania Department of Human Services granted to three other payers in August, The Philadelphia Inquirer reports.
Transactions & Valuation Issues
A local clinic filed a protest against a proposed agreement between Bowling Green-based Western Kentucky University and The Medical Center, also in Bowling Green, regarding the construction of a new sports complex on the university's campus, according to the Bowling…
Potsdam, N.Y.-based St. Lawrence Health System officials signed an agreement to partner with the Glen Falls, N.Y.-based Adirondack Health Institute to improve residents' access to care for chronic illnesses, according to the Watertown Daily Times.
Los Angeles-based Prospect Medical Holdings has finalized the acquisition of six healthcare facilities in Pennsylvania and New Jersey, totaling nearly $400 million, according to the Journal Inquirer.
The Fairfield (Texas) Hospital District board approved a management agreement with Plano, Texas-based Community Hospital Consulting, the management and consulting arm of the Community Hospital Corporation, to manage the East Texas Medical Center Fairfield facility. The agreement will go into…
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Greensboro, N.C.-based Cone Health officials apologized to the last living plaintiff involved in a lawsuit that desegregated hospitals nationwide. Officials commemorated the occasion with the creation of a scholarship fund to honor those involved.
The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.
According to multiple sources, New York City-based Apollo Global Management is one of the private equity firms allegedly in talks to acquire Franklin, Tenn.- based Community Health System's assets.
Private equity firm Apollo Global Management is in discussions to acquire the assets of Franklin, Tenn.-based Community Health Systems, people familiar with the matter told Reuters.
Franklin, Tenn.-based Community Health Systems is working with advisers to explore a variety of options with financial sponsors, including the possible sale of its business, sources with knowledge of the matter told Bloomberg.