Mergers & Acquisitions
The state insurance department doesn't have the authority to thwart the merger on its own, but Jones' recommendation could carry considerable weight in Washington and hinder the companies' efforts to win federal antitrust approval.
Envision Healthcare Holdings and AMSURG Corp. have announced plans to merge, with the combined organization worth about $10 billion, and with an enterprise value of approximately $15 billion based on Tuesday's closing stock prices for the two groups.
As health care consolidation accelerates nationwide, a new study shows that hospital prices in two of California's largest health systems were 25 percent higher than at other hospitals around the state.
Workforce management and staffing company AMN Healthcare has acquired Peak Health Solutions, a health information management services company that provides remote medical coding and consulting to hospitals and physician medical groups.
The merger, and another mega-merger proposal between Anthem and Cigna for $54 billion, is going through the federal regulatory process and approval in certain states.
MedAssets-Precyse has acquired clinical healthcare analytics and consulting firm Equation, and their new brand will be unveiled at the upcoming Healthcare Financial Management Association conference in Las Vegas later this month.
TeamHealth Holdings, a physician services organization, has acquired the operations of Tri-City Emergency Medical Group based in Oceanside, California.
Kindred Healthcare has completed the sale of two of its transitional care hospitals, licensed as long-term acute care hospitals, to Select Medical Holdings Corp., while also selling fours hospital to Select, the companies announced on Wednesday.
WellCare Health Plans has completed its acquisition of Advicare Corp.'s Medicaid business, which includes the transfer of approximately 30,000 members to WellCare of South Carolina.
Four well-known Wisconsin healthcare organizations, Affinity Health System, Columbia St. Mary's, Ministry Health Care and Wheaton Franciscan Healthcare, will integrate and form Ascension Wisconsin, the systems announced this week. The new system will be part of parent company Ascension, the largest nonprofit health system in the United States and the world's largest Catholic health system.