KishHealth System in DeKalb, Ill., has signed a letter of intent to explore an affiliation with Chicago-based Northwestern Memorial HealthCare, an academic health system whose entities operate as Northwestern Medicine.
Transactions & Valuation Issues
"Out with the old and in with the new" is at the heart of many healthcare organizations' strategies to meet the future demands of healthcare.
Sarasota (Fla.) Memorial Hospital and Cigna have reached a new contract, according to a Herald-Tribune report.
The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week.
Tampa, Fla.-based Shriners Hospitals for Children has announced it is joining the Mayo Clinic Care Network, established by Rochester, Minn.-based Mayo Clinic.
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Atlanta-based Piedmont Healthcare and Covington, Ga.-based Newton Medical Center announced Thursday both organizations have agreed to terms of a long-term lease agreement to add Newton to the Piedmont system.
Allegheny Health Network's Jefferson Hospital in Jefferson Hills, Pa., has ended a partnership with Pittsburgh-based UPMC for cancer care, according to a Pittsburgh Business Times report.
CVS Health is buying Omnicare, a pharmacy services provider, in a deal valued at $12.7 billion to boost its business with senior living facilities and nursing homes, according to The Wall Street Journal.
Suffern, N.Y.-based Bon Secours Charity Health System and Westchester Medical Center, a Valhalla, N.Y.-based safety-net hospital, have signed a joint venture agreement with a goal of providing improved health services in their region.
Comments from Anthem CFO Wayne DeVeydt at the UBS Global Healthcare Conference Tuesday fueled discussion that the Big Five insurance companies could soon be the Big Four, according to Reuters.