The following healthcare mergers, acquisitions and general transactions took place or were announced in the past week.
Transactions & Valuation Issues
CMS reported last week insurers will receive $362 million in risk corridor payments for 2014, or 12.6 percent of the $2.87 billion requested.
Arlington-based Texas Health and UT Southwestern Medical Center in Dallas will create an integrated regional health network.
Birmingham, Ala.-based Baptist Health System and Dallas-based Tenet Healthcare have formed a joint venture to own and operate a network of healthcare facilities serving Birmingham and central Alabama.
In an effort to keep members as rival UPMC grows its insurance business, Pittsburgh-based Highmark is lowering premiums for seven of its nine Medicare Advantage plans for 2016, according to the Pittsburgh Tribune-Review.
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Milwaukee-based Assurant Health has closed on the sale of specific business lines and assets from its health insurance business to National General Holdings Corp., effective immediately.
Coral Gables-based Baptist Health South Florida and Boynton Beach, Fla.-based Bethesda Health have signed an agreement to merge following a 24-month transition period culminating on Sept. 30, 2017.
Ontario, Calif.-based Prime Healthcare Services has completed its acquisition of Denville, N.J.-based Saint Claire's Health System, which was previously a member of Englewood, Colo.-based Catholic Health Initiatives.
The following insurers made headlines this week. They are listed below, beginning with the most recent.
Kennebunk, Maine-based Mark Farrah Associates, a provider of health plan market data and analysis tools, recently assessed enrollment trends since the onset of the Affordable Care Act's 2014 enrollment season in October 2013.