Mergers & Acquisitions
The transaction would reduce hospital competition in central Pennsylvania, Department of Justice says.
Data from S&P Global Market Intelligence shows a decline in M&A value in Q2, which can be attributed to the pandemic.
The anticipated reduction in health plan startup costs should allow Molina to recover the purchase price in about a year.
Prime will acquire St. Francis for a net of $350 million, with a $200 million base cash price and $60 million for accounts receivable.
There was only a slight year-over-year dip in transactions recorded during the second quarter, suggesting a continued strategic rationale.
The partnership would create a dominant health system across Michigan, Wisconsin and Illinois.
The stated goal is to drive better health outcomes, manage costs, improve affordability and boost engagement.
R1 will pay a reported $30 million for the revenue cycle management outsourcing division, as Cerner helps the company extend its RCM tools to its client base.
A lack of funding from the state means the four South Side hospitals will come up short in their plans to establish a new health system.
naviHealth will continue to work with its clients and members as a standalone entity aligned with OptumHealth.