Mergers & Acquisitions
The Fortune 500 company operates health plans in 11 states and Puerto Rico.
California's Daughters of Charity Health System has chosen BlueMountain Capital Management, a $21 billion, 12-year-old hedge fund, to recapitalize its operations.
Tenet Healthcare Corp., Dignity Health and Ascension have signed an agreement to form a partnership to own and operate Carondelet Health Network in Tucson, Arizona.
The deal brings together 11 hospitals, 30,000 employees and 9,000 physicians.
Once bitter rivals, healthcare providers in same markets are finding it's better to keep their enemies close, sharing services, health plans and purchasing power among them.
Healthcare Trust of America said it invested a total of $190 million into the Boston, Charleston, Indianapolis and Raleigh markets in the second quarter, buying up a range of healthcare facilities.
Harvard Drug Group mainly distributes generic pharmaceuticals and pulled in more than $450 million in revenue in fiscal 2014.
If the $37 billion cash-and-stock deal is approved as a whole by regulators, Humana will bring Aetna's membership to more than 33 million.
The move expands Prospect's reach into New England -- it owns and operates 13 hospitals and 40 clinics in California, Texas and Rhode Island.
Under terms of the deal, the companies will build a new, freestanding center for the 40-bed Bernsen Rehabilitation Center in Tulsa.