Mergers & Acquisitions
Pennsylvania systems joins forces to ramp up analytics, population health and community care.
KPMG and Leavitt Partners new survey found that health and life sciences organizations intend to invest in analytics and digital technologies that advance the shift from volume to value-based care.
The acquisition will accelerate its development of mobile and desktop platforms, Cigna says.
David Blumenthal, current CEO of Commonwealth Fund also wonders if the recent CVS-Aetna and UnitedHealth-DaVita Medical Group mergers foretell the end of traditional hospitals and nursing homes.
Ascension, among the nation's largest nonprofit health systems, and Providence St. Joseph Health are considering a merger that would create the largest health system in the U.S., according to reports that came out over the weekend.
The deal has been approved by both system's governing boards and is anticipated to close in the second half of 2018, subject to federal, state, and church approvals.
Deal combines multiple payer relationships across physician-led, patient-centered ambulatory care services.
Systems say together they will form the 10th largest nonprofit integrated health system in the country.
The combination of Aetna's analytics and CVS' pharmacy business has the potential to reshape the entire health plan market, Moody's says.
The integrated payer and pharma company represents direct competition to providers as the new organization aims to offer lower-cost, more convenient access to care.