Mergers & Acquisitions
The new five-year partnership has a goal of providing access to quality care for vulnerable individuals in the state.
A second school of medicine campus will be built in Charlotte and a new critical care, ER and surgery tower will be constructed.
In making the announcement, neither system mentioned the controversy made public in a letter to the Michigan attorney general.
The deal is another in Molina's plan for strategic growth and to meet competition in the state Medicaid and federal government contracts business.
Beaumont's board is split on AdvocateAurora deal and has agreed to delay vote until members have further talks with physicians.
Saint Peter's has been seeking a partner to allow it to maintain its Catholic mission and identity in a changing and competitive healthcare market.
The new name and branding strategy are meant to evoke the regular rising and falling of the tides, suggesting dependability.
Even with smaller systems flooding the market, analysts warn that the financial pressures caused by COVID-19 will result in fewer potential buyers.
Prime was chosen for its financial commitment and a history of turning around financially distressed hospitals.
This week's top stories include the ONC offering new funding for HIE innovation, while healthcare M&A transactions are in decline.