Ontario, Calif.-based Prime Healthcare Services is pushing full force ahead on its growth strategy, announcing it completed the purchase of two hospitals and entered into an agreement to acquire another.
Transactions & Valuation Issues
Franklin, Tenn.-based Community Health Systems has announced that subsidiaries have acquired full ownership of five hospitals in Oklahoma.
Although Charlotte, N.C.-based Carolinas HealthCare System physicians and hospitals are no longer considered in-network for UnitedHealthcare members, some members will be eligible to continue receiving in-network benefits during a transition period, according to a Charlotte Observer report.
In January, the University of Arizona board of regents unanimously approved a merger between Phoenix-based Banner Health and University of Arizona Health Network in Tucson.
Western Missouri Medical Center in Warrensburg, Mo., has agreed to enter into a three-year clinical affiliation with Kansas City, Mo.-based Saint Luke's Health System, according to the Daily Star Journal.
Advertisement
Covenant Children's Hospital in Lubbock, Texas, has agreed to enter into a partnership with Texas Children's Hospital of Houston, according to the Lubbock Avalanche-Journal.
Aetna and West Orange, N.J.-based Barnabas Health have signed a two-year deal that will take effect March 1.
Schaumburg, Ill.-based pharmacy benefit manager Catamaran Corp. has agreed to acquire Duluth, Ga.-based Healthcare Solutions, a current pharmacy benefit manager client that services the workers' compensation market, for $405 million in cash.
The following hospital mergers, acquisitions and general transactions took place or were announced in February, beginning with the most recent.
As hospitals and health systems face pressure to simultaneously contain costs and improve patient outcomes, they are increasingly forced to consolidate.