Mergers & Acquisitions
Vendor said it will keep McKesson's Paragon EHR for small hospitals and use its own Sunrise for larger systems.
Division manages 15 community hospitals across the area, operates ten freestanding emergency centers.
Hospital, system leaders need to be prepared for these types of costs and gauge short, long-term financial goals accordingly.
During their May earnings call, CHS reported a net loss of $199 million, compared with 2016 net income of $11 million.
Mountain States and Wellmont have been in a healthcare "arms race" for years, each trying to outdo the other for the doctors and services.
So far this year, 58 transactions have been announced, compared to 52 in second quarter 2016, report says.
State attorney general could block the deal if the Commission concludes it would be bad for healthcare costs.
Changes in the Wisconsin payer and provider markets compelled CSA to examine their future, system said.
Optum likely to run healthcare arm if buy-out goes through, leveraging the Advisory Board's provider relationships and Crimson dataset.
Company run by California billionaire physician Patrick Soon-Shiong will operate hospitals; deal could mean millions in upgrades, expanded services.