Transactions & Valuation Issues

Kingsport, Tenn.-based Wellmont Health System and Johnson City, Tenn.-based Mountain State Health Alliance are one step closer to merging.

Auburn (N.Y.) Community Hospital is looking into the possibility of a partnership with a larger hospital in the future, according to a report from The Citizen. 

Louisville, Ky.-based Baptist Health has acquired home care agencies in Breckinridge and Calloway counties, expanding its service area to include 39 Kentucky counties and six counties in Southern Illinois.

Knoxville, Tenn.-based Tennova Healthcare has added four more hospitals to its network, according to a report from The Jackson Sun.

The governing board of Columbia, S.C.-based Palmetto Health has voted unanimously to move forward with plans to finalize a merger with Sumter, S.C.-based Tuomey Healthcare System, according to The State.

Chicago-based Sinai Health System and University of Chicago Medicine announced Friday plans to build and operate a new $40 million Level 1 trauma center and expand emergency services on Chicago's South Side.

The following insurers made headlines this week. They are listed below, beginning with the most recent.

Georgia's Office of the Attorney General has ruled in favor of the partnership between Covington, Ga.-based Newton Medical Center and Atlanta-based Piedmont Healthcare, and Newton Medical Center will become Piedmont Newton Hospital, effective Oct. 1.

The following healthcare mergers, acquisitions and general transactions took place or were announced in the past week.

Beginning this week, American Medical Association and American Hospital Association representatives are expected to appear before a U.S. Senate antitrust panel, calling on Congress to vigorously examine the proposed Anthem-Cigna and Aetna-Humana deals, according to a Forbes report.