Mergers & Acquisitions
Foundations focuses on treating adults who suffer both from drug addiction and mental health disorders. It will serve as the substance abuse treatment division of Universal.
Georgia's Northside Hospital and Gwinnett Medical Center will merge, the healthcare providers announced Thursday, creating a combined health system that includes 1,400 beds and would employ more than 3,500 physicians.
Healthcare mergers are much more intricate in the post-reform world, as systems are more apt to buy clinics, physician practices and digital tools than hospitals, a new report by Accenture claims.
No changes have been announced at those facilities but consumers can expect to see an advertising campaign featuring NFL quarterback Peyton Manning, the former University of Tennessee football standout who serves as the brand spokesman, according to Tennova.
The sale by Health Diagnostics ends a decline that began with a whistleblower-based federal investigation into claims the cardiovascular testing laboratory, along with Singulex Inc. of California, paid physicians kickbacks for patient referrals.
Legislators on Thursday were split on the Affordable Care Act's effect on provider and payer competition in the healthcare marketplace in the the first of several hearings to be held by the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law.
Standard & Poor's has changed its outlook on nonprofit healthcare from 'negative' to 'stable,' the credit agency reported this week, as a flood of mergers and increased utilization due to Medicaid expansion continues to lift the sector.
In a just-released report on publicly traded healthcare companies, Goldman named Anacor Pharmaceuticals, Clovis Oncology, Pacira Pharmaceuticals, Sage Therapeutics, Evolent Health and Brookdale Senior Living as companies that make attractive targets to buyers.
Community Health Systems moved one step closer to its planned spin-off of Quorum Health Corp. last week. The for-profit healthcare giant filed its Form 10 with the Securities and Exchange Commission on the transaction that would create Quorum as a separate for-profit company.
Managed care company Molina Healthcare said it will pay $200 million for the remaining stakes in two subsidiaries of The Providence Service Corp.