Preliminary healthcare industry deal volume for November lags behind volume for the same month in 2014, according to a recent report by Irving Levin Associates.
Transactions & Valuation Issues
The Federal Trade Commission has notified Penn State Milton S. Hershey (Pa.) Medical Center and Harrisburg, Pa.-based PinnacleHealth System it intends to oppose the planned integration of the two health systems.
The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.
Boston-based Partners HealthCare has yet to decide whether to move forward with stalled plans to merge Melrose, Mass.-based Hallmark Health System into its system, according to a report from The Boston Globe.
California Attorney General Kamala Harris has conditionally approved the sale of Los Altos, Calif.-based Daughters of Charity Health System's six hospitals to hedge fund BlueMountain Capital Management.
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Oakland, Calif.-based Kaiser Permanente has signed a definitive agreement to acquire Seattle-based Group Health Cooperative, which includes a healthcare and insurance arm like Kaiser.
Shareholders of Anthem and Cigna overwhelmingly approved the merger of the two health plans during a special shareholder meeting on Thursday.
Nashville, Tenn.-based Hospital Corporation of America plans to create Palm Beach County's largest medical center with the merger of its West Palm (Fla.) Hospital and Atlantis, Fla.-based JFK Medical Center, according to South Florida Business Journal.
Melville, NY-based North American Partners in Anesthesia has acquired Grand Rapids, Mich.-based ProCare Systems, a management services organization that specializes in chronic pain management.
Amarillo, Texas-based Harrington Regional Medical Center is set to merge with the Amarillo Area Foundation, according to a KFDA-TV report.