Three CEOs from some of the largest health systems in the country shared their opinions about health insurers and the potential consolidation in the insurance sector.
Transactions & Valuation Issues
Louisville, Ky.-based Bolder Healthcare Solutions, the parent company of various healthcare exclusive revenue cycle solution organizations, has acquired Corinth, Miss.-based Avectus Healthcare Solutions, a leader in coordination of third-party liability accounts and resolution of complex workers' compensation accounts for hospitals and…
Greenville, S.C.-based Bon Secours St. Francis Health System has announced the acquisition of four AFC Doctors Express Urgent Care locations in Greenville County.
UnitedHealth Group is severing its relationship with America's Health Insurance Plans, the health insurance industry's largest trade group, according to The Wall Street Journal.
The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week.
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Birmingham, Ala.-based Baptist Health System and Dallas-based Tenet Healthcare Corp. have signed a definitive agreement to create a joint venture that will operate a healthcare network serving Birmingham and Central Alabama.
Salem Health (Ore.) and United Healthcare have renewed their contract, according to a Statesman Journal article.
Cigna has rejected Anthem's latest takeover bid, according to The New York Times.
Jacksonville, Fla.-based St. Vincent's HealthCare and Florida Blue have yet to reach a deal to keep St. Vincent's in the Florida Blue network, even thought their contract has nearly expired, according to The Florida Times-Union.
Recent merger frenzy talks involving five of the nation's largest health insurers have become a cause of concern for many in the healthcare industry.