Mergers & Acquisitions
This comes amidst a market shift from fee-for-service toward value-based payments based on quality.
The new organization, yet to be named, will be one of the largest nonprofit health organizations in Massachusetts and the surrounding region.
It could be several months before the deal is finalized, though the agreement itself is projected to be completed this fall.
CVSHealth continues to make inroads into traditional healthcare, with HealthHUBS in 1,500 locations by 2021.
Despite the robust quarter, none of the transactions were considered "mega-deals," valued at $5 billion or more.
Judge Richard Leon says the merger potentially has "grave consequences for millions of people."
The court case for the DOJ-approved merger drags on 8 months after companies closed the deal.
While full integration is expected to take a couple of years, a name for the new health system will be unveiled this summer.
Beaumont Health will gain a health insurance arm in SummaCare.
The nonprofit Aspirus will expand its network, which now includes almost 60 clinics, as the deal looks to close by the end of this year.