Mergers & Acquisitions
Deal is latest example of UnitedHealth Group divisions blurring the lines of healthcare delivery.
Two systems cited focuses on other areas of operations that muddied the waters for the merger, making it a no-go.
Deal has been long speculated since the announced $69 billion merger between CVS Health and Aetna.
So far this year, roughly $156 billion in deals are already done thanks to pharma giants like Sanofi, GlaxoSmithKline and Celgene, according to Bloomberg.
Transaction follows layoffs at Ascension Health Michigan.
The platform gives providers patient data to earn incentives from risk-based contracts.
Since hospital-employed doctors tend to perform services in an outpatient setting, the trend increases costs for Medicare and patients.
Numerous insurers see drug and administrative savings in joining forces with PBMs; Last week, Cigna announced plans to buy Express Scripts.
Combined system would include Beth Israel Deaconess Medical Center, various affiliates, and Lahey Health.
The $77 billion merger moved closer to reality on Tuesday with votes that happened earlier than previously expected.