Mergers & Acquisitions
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.
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.