Mergers & Acquisitions

Prime Healthcare Services has won in its bid for the financially struggling Saint Michael's Medical Center in Newark, New Jersey, according to Saint Michael's Board of Directors.

According to the CareCloud Practice Profitability Index, about 59 percent of owners surveyed said they were not planning to sell or merge, an uptick compared to the 54 percent who said the same thing last year.

GE Healthcare has acquired advisory firm The Camden Group, adding its more than 2,000 health organization customers to its consulting business in the United States and solidifying its position in the health sector.

Cabell Huntington Hospital proposed acquiring St. Mary's Medical Center located three miles away.

Tenet Healthcare Corp. will sell two hospitals and 19 physician practices to Duke LifePoint for an undisclosed sum, the for-profit healthcare provider announced on Tuesday.

Healthcare Corp. of America this week said it will add 14 urgent care centers in Las Vegas to its network with the acquisition of the Nevada operations of Urgent Care Extra.

Two health plans in Michigan, HealthPlus of Michigan and Health Alliance Plan, said on Monday they plan to merge, forming one of the largest plans in the state while bailing out the struggling HealthPlus business.

Healthcare services company MedAssets will be sold to Pamplona Capital Management in a $2.7 billion deal that will boost its revenue cycle business and result in its group purchasing organization being sold off, the companies announced Monday.

AmSurg on Monday afternoon said it has withdrawn its higher cash offer for TeamHealth, blaming TeamHealth board members for failing to engage with the company. Earlier in the day, AmSurg has said TeamHealth had until Tuesday to respond to the offer.

Pharmaceutical giant Pfizer is reportedly poised to buy Botox-maker Allergan, in what would be one of the biggest takeover deal this year, according to The Wall Street Journal.