Mergers & Acquisitions
Expert says transactions are being driven chiefly by strategic imperatives, less so by financial drivers.
Public healthcare provider plans to offload eight of their 77 U.S. hospitals, an effort expected to yield $900 million to $1 billion.
Acquisition helps position Anthem as a dominant player in a market projected to increase in enrollment, revenue, but shrink in the number of insurers.
New company's name and leadership structure not decided yet, but companies say deal gives new entity broader penetration.
Building was built in 1941 and features intricate stone carvings that reference symbols of the medical profession.
Maxis, Lourdes and St. Francis have been in talks for the last year.
The deal is expected to close early next year, pending regulatory approvals and other closing conditions.
Hospitals can retain their autonomy while gaining the efficiency and scale benefits of a merger.
The affiliation expands the presence of the University of Pittsburgh Medical Center in central Pennsylvania.
Health systems say they are entering negotiations to combine clinical, medical education and research units.