Mergers & Acquisitions
There would be no cash involved in the transaction, with combined reserves and assets allowing more funds for new projects.
The drop in activity is especially pronounced year-over-year, with long-term care and physician medical groups among the hardest hit.
This week's top stories include Teladoc Health and Livongo merging, CMS proposing telehealth changes under Trump's executive order, and dispatches from the Taskforce of Telehealth Policy's virtual town hall.
The transaction would reduce hospital competition in central Pennsylvania, Department of Justice says.
This week's top stories include two competitors in consumer wellness and telehealth looking to score significant funding, and doctors, nurses and hospitals asking Congress for $100 billion to fight COVID-19.
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.