The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week.
Transactions & Valuation Issues
Bethesda, Md.-based Aledade announced Monday it raised a $30 million Series B funding round, led by ARCH Venture Partners.
Insurance giant Assurant has announced it will exit the health insurance market by the end of 2016, and it will "begin to wind down its major medical operations" immediately.
The following is a compilation of all the called-off hospital and health system deals that have been reported this year by Becker's Hospital Review as of June 11, starting with the most recent.
Trinity Health, a nonprofit health system based in Minot, N.D., has signed a letter of intent to become part of Billings Clinic RegionalCare, a joint venture between Billings (Mont.) Clinic and RegionalCare Hospital Partners, based in Brentwood, Tenn.
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Carondelet Health Network, based in Tucson, Ariz., and its parent company, St. Louis-based Ascension Health, are close to finalizing a deal with San Francisco-based Dignity Health and a subsidiary of Dallas-based Tenet Healthcare Corp. to create a joint venture, according…
Marietta, Ga.-based WellStar Health System, the largest nonprofit system in Georgia, has scrapped plans to merge with Atlanta-based Emory Healthcare, according to an Atlanta Business Chroniclereport.
Hawaii Gov. David Ige (D) will sign House Bill 1075 Wednesday, authorizing the Maui Region of Honolulu-based Hawaii Health Systems Corp. to enter into negotiations for a public-private operational and management agreement, subject to approval by the governor, the HHSC and…
Athens, Ga.-based St. Mary's Health Care System has acquired Lavonia, Ga.-based Ty Cobb Regional Medical Center.
Shares of Humana rose 2.4 percent Monday after the Louisville, Ky.-based health insurer announced it was entering into a so-called "quiet period," according to The Wall Street Journal.