Mergers & Acquisitions
While there are no specific mentions of a three-way merger, Lifespan CEO expressed excitement over potential partnership; Brown University president still concerned.
The combined system will have 43 hospitals and $8 billion in net operating revenue.
The request extends the Hart-Scott-Rodino waiting period for the acquisition, but CVS Health continues to expect the deal will be completed in the second half of 2018, according to an SEC filing.
Hospitals and health systems are trying to compete with national health insurers and outpatient medical care providers by achieving scale and competing for market share.
The health systems touted the benefit of better leverage to negotiate deals with insurers when the proposed merger was announced in August.
Health IT investment shattered prior records and IT M&A and valuations were at all-time highs, according to Healthcare Growth Partners report.
The mutual decision to enter into a definitive agreement is the next step toward CNE becoming part of Partners HealthCare.
Knee-deep in the integration process, Robert Musslewhite says the company will be focusing on analytics, best practices, research and broadening its portfolio of services.
The transaction will deny shareholders their right to fully share equitably in the true value of the company, according to the court document.
Brown President Christina Paxson announces joint merger proposal with Prospect Medical Holdings in a letter to Brown community Thursday.