Mergers & Acquisitions
Centene said the move will better align with the company's strategy and build stronger brand awareness.
The appeal comes after a federal judge granted the FTC an injunction to halt the acquisition until it could complete an internal investigation.
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The acquisition of private physician practices across the U.S. accelerated after the onset of the pandemic.
The AHA and FAH contend that the scale achieved through hospital consolidation can lower costs and improve access.
FTC and DOJ officials say they will soon update their merger guidelines.
MMM represents the largest MA plan in Puerto Rico, and it will allow Anthem to expand its market presence on the island.
Hospitals and corporate entities such as insurance companies and venture capital firms now own nearly half of U.S. physician practices.