Mergers & Acquisitions

The companies said the deal will make them better able to improve their post-acute care services and create better value of care for their partner hospitals and clinicians, which in the age of value-based reimbursements will improve bottom lines for all involved.

Bank SNB and Texas Capital Bank will give Foundation a $10 million acquisition line of credit and an additional $10 million on an incremental basis.

Community Health Systems is spinning off a group of rural hospitals and aiming to compete in larger metropolitan areas.

Providence Hospitals would keep its name and continue to operate as a Catholic hospital.

Capella Healthcare, a Franklin, Tennessee-based operator of hospitals and acute care centers, will be sold Medical Properties Trust, a Birmingham, Alabama-based real estate investment trust, for $900 million, the companies announced on Monday.

The deal with Capella Healthcare will bring four hospitals located in central Tennessee into Saint Thomas Health.

Piedmont Healthcare and Northside Hospital were also reportedly interested in buying Tenet's Georgia hospitals.

The insurer's rise, fall and later rebound poses a cautionary tale in today's consolidating healthcare market. And some of the strategies behind Aetna's $37 billion takeover of Humana invoke themes from the failed 1990s-era HMO empire.

The announcement comes just weeks after Cigna turned down a $54.2 billion offer by Anthem, which runs Blue Cross Blue Shield, and publicly rebuked its suitor over security issues and future uncertainty.

The total deal value for the year is already at $395.8 billion, above 2014, when the industry booked $392.4 billion in deals.