Mergers & Acquisitions
In a $5 billion agreement, Walgreens said it would buy 2,186 Rite Aid stores, three distribution centers and related inventory.
CEOs of Greenville and Palmetto will continue to serve as co-CEOs of the new not-for-profit company.
The 70-bed Sunbury Community Hospital in Sunbury, and the 47-bed Lock Haven Hospital in Lock Haven, will become the newest additions to the system.
The beleaguered status of these holdings comes as CHS is divesting 10 of its low-performing hospitals in a bid to reduce its debt by about $975M.
One-time award to 40,000 employees reinforces ownership in the company and its future, Cigna says.
Two entities have signed a letter of intent; details of agreement to be finalized over the next 90 days, hospital says.
Mission Regional is five-star rated for maternity care and is ranked in the top 10 percent in the nation for joint replacement.
According to Fort Wayne Journal Gazette, CHS said sale offer undervalued the network by a billion dollars.
Jersey Shore leaders say they expect the integration to provide financial stability, job security.
Company took a $3.5 million hit resulting from two hospitals the company divested in December.