Mergers & Acquisitions
The AMA said consolidation leaves millions of Americans with more limited health insurer options.
Mergers enable access to financial resources, clinical expertise and new technology plus increased market power.
Land and building owner Medical Properties Trust will lease the hospitals to HCA Healthcare.
Pending approvals, the merger will form a 33-hospital system that employs 58,000 caregivers and provides insurance to roughly one million people.
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.
This week's top stories include Verily beefing up its clinical trial platform with its acquisition of SignalPath and President Biden pushing for lower drug prices in his $3.5 trillion budget proposal.
This week's top stories include COVID-19 exposing vulnerabilities in the digital ecosystem, the CMS expecting Medicare Part D average premiums to increase nearly 5%, and WellSky acquiring Healthify to beef up its community care tools.
This week's top stories include Amwell snapping up a pair of health companies to further its behavioral health services, the AMA calling for vaccine mandates for healthcare workers, and the VA stopping Cerner EHR rollouts until next year.
The acquisition of private physician practices across the U.S. accelerated after the onset of the pandemic.