About one in four Medicare accountable care organizations qualified to share in savings in 2014, according to CMS. Together, these 97 ACOs earned more than $422 million in shared savings payments.
Transactions & Valuation Issues
Blue Cross Blue Shield of New Mexico will pull out of New Mexico's state health exchange for 2016, according to Las Cruces Sun-News.
The following insurers made headlines this week. They are listed below, beginning with the most recent.
Cleveland Clinic is exercising an option to take on full ownership of Akron (Ohio) General Health System after just one year as a minority investor in the system, according to a Crain's Cleveland Business report.
Brewer-based Eastern Maine Healthcare Systems has received state approval to acquire Ellsworth-based Maine Coast Memorial Hospital, according to a Bangor Daily News report.
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Cigna and Aetna are bringing on lobbying groups to help them navigate their respective mergers, according to The Hill.
National medical group MEDNAX announced is acquisition of Tampa, Fla.-based Millenium Anesthesia Care.
The Nevada Health CO-OP, a nonprofit health insurance option offered on the Nevada exchange, announced Wednesday it will close on Jan. 1, 2016 due to challenging market conditions. The board voted to continue operations through the end of the year…
Jameson Health System in New Castle, Pa., has issued requests for proposals to a number of potential merger partners as requested by the Pennsylvania Attorney General.
Montefiore Health System, based in Bronx, N.Y., and Burke Rehabilitation Hospital in White Plains, N.Y., have signed a letter of intent to form a new strategic partnership they say will expand the availability of advanced rehabilitation therapies in Westchester County.