Mergers & Acquisitions
The deal was reportedly worth $14 billion and was announced in early October. Meanwhile, the Dignity Health and Catholic Health initiatives mega-merger is complete.
The deal is a milestone for the South Carolina public health system, as it is the first time MUSC has acquired other hospitals.
No estimated date of completion for the deal was revealed, but the newly-combined system would be known as Dartmouth-Hitchcock Health GraniteOne.
The volume of deals topped 2017, which was itself a banner year, but the value of deals has dipped during that time.
The two systems have signed a non-binding letter of intent and due diligence is expected to take several months.
The collaboration results in a value-based primary care provider that serves more than 170,000 patients in 18 states.
DOJ also filed a motion to stay the Affordable Care Act appeals case until after funding is restored.
Cleveland Clinic has made a total of $750 million in financial commitments to the new hospitals as part of their respective agreements.
There has also been growth in mergers across state borders, as health systems from different geographies come together to form regional health systems.
CHI and Dignity are expected to close their merger at the end of the month.