Fifty-seven percent of the U.S.'s managed Medicaid market is held by the top 10 Medicaid insurers, an analysis from a Washington, D.C., publishing and information company Atlantic Information Services found.
Transactions & Valuation Issues
Danville, Pa.-based Geisinger Health System and Bethlehem, Pa.-based St. Luke's University Health Network signed a collaborative agreement to extend Geisinger health plans to almost 50 Pennsylvania counties.
The following hospital mergers, acquisitions and general transactions took place or were announced in August.
Elkins, W.Va.-based Davis Health System and Morgantown-based West Virginia University Hospitals are partnering to establish a new heart and vascular institute within DHS's new outpatient center, according to WDTV news.
Chillicothe, Ohio-based Adena Health System and Columbus, Ohio-based National Church Residences, a retirement community housing developer, are exploring additional partnership opportunities following the success of a joint pilot program, according to the Chillicothe Gazette.
Advertisement
In a recent article, Sonora Quest Laboratories, a joint venture between Banner Health and Quest Diagnostics, announced the opening of six new Sonora Quest Laboratories Patient Service Centers (PSCs) located at Safeway stores statewide throughout Arizona.
Atlanta-based Blue Cross and Blue Shield of Georgia said it will soon be the only insurer participating in the state's Affordable Care Act exchange, WABE reports.
Aetna's negotiation tactics are being used by other payers to pressure the U.S. Department of Justice and its legal challenges of insurer mega-mergers, the Corporate Counsel reports.
Ministry St. Michael's Hospital in Stevens Point, Wis., has notified patients with Anthem BlueCross BlueSheild insurance coverage that the hospital could leave Anthem's network when its contract with the insurer expires Sept. 30, reports Stevens Point Times.
Oakland, Calif.-based Kasier Permanente's takeover of Honolulu-based Hawaii Health Systems will be pushed back to July 2017 after negotiations between the state and unions stalled, according to the Tribune-Herald.