Mergers & Acquisitions
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.
Anthem is fighting back against paying Cigna the $1.8 billion termination fee, saying Cigna refused to support the merger.
Anthem accuses Cigna of sabotaging deal and says it will not pay the $1.8 billion break-up fee that was initially part of the agreement.
Insurance giant is seeking a review of the 2-1 decision from the appeals court blocking its $54 billion merger with Cigna.