Mergers & Acquisitions
Earlier this month, CHS said it had found five buyers for 12 hospitals it had planned to sell, with proceeds from all 12 expected to raise upwards of $850 million for the struggling company.
In 40-plus page decision, federal court says lower court erred in ruling, merger would hurt market competition.
The AMA supports the Department of Justice decision to block both mergers over antitrust concerns.
Anthem claims the merger would result in substantial efficiencies that outweigh anticompetitive concerns, but hostility between the insurers could hamper their integration.
Apollo is seeking more hospitals to add scale to its portfolio company, RegionalCare Hospital Partners, those familiar with the talks told Reuters.
TeamHealth now has oversight of more than 19,000 affiliated physicians and advanced practice clinicians.
Atlanta-based Emory Healthcare and Stratus Healthcare, an affiliation of 21 Georgia hospitals, have struck a new partnership to develop a clinically integrated network and strengthen access to specialty care.
XTANDI has been used to treat 64,000 men with prostate cancer to date and has generated $2.2 billion in sales.
CEO Mark Bertolini claimed savings tied to the Humana merger would have helped it remain on the exchanges.
U.S. District Court Judge John Bates said the insurer failed to provide evidence of any harm that would be done by having a later trial.