Transactions & Valuation Issues

San Francisco-based Blue Shield of California has completed a $1.2 billion acquisition of Care1st Health Plan, a provider-founded managed care company in Monterey Park, Calif.

Tennesseans who purchased individual BlueCross BlueShield health insurance plans before the Affordable Care Act was passed have to buy new plans for 2016, according to The Tennessean.

Molina Healthcare of Illinois, a branch of Long Beach, Calif.-based Molina Healthcare, is set to acquire Chicago-based Loyola Physician Partners' Cook County Medicaid program.

Grady Memorial Hospital in Atlanta has withdrawn its bid to acquire financially troubled Southern Regional Medical Center in Riverdale, Ga., according to a WABE report.

Saint Michael's Medical Center in Newark, N.J., a subsidiary of Livonia, Mich.-based Trinity Health, filed for chapter 11 bankruptcy protection Aug. 10, and now the financially troubled facility potentially has four buyers interested in it.

The American Hospital Association made its case before Congress Oct. 7 to pass the Standard Merger and Acquisition Reviews Through Equal Rules Act, which would address disparities between how the Federal Trade Commission and Department of Justice review mergers.

St. Joseph's Hospital in Buckhannon, W.Va., has become part of the West Virginia United Health System network, according to a WBOY report.

Richardson-based Blue Cross Blue Shield of Texas is dropping individual PPO plans and moving to HMO plans, according to News Channel 10.

Maryville, Ill.-based Anderson Hospital and Staunton, Ill.-based Community Memorial Hospital have signed a letter of intent to form a partnership.

Philadelphia-based Aria Health System and Philadelphia-based Jefferson — a newly formed organization that includes Thomas Jefferson University and Jefferson Health —  have signed a non-binding letter of intent, which will facilitate discussions toward integrating Aria into Jefferson Health.