Mergers & Acquisitions

The June agreement paves the way for both NYU Langone and NYU Langone Huntington to adapt to the changing healthcare environment from hospital-based to local ambulatory care, according to the health system.

The alliance will centralize certain services relating to purchasing and electronic health records and extend physician networks.

The facilities cover more than 3,000 beds, employ nearly 4,000 professionals and pulled in $280 million in revenue in 2014.

Target's nearly 80 walk-in clinic locations will be rebranded as CVS MinuteClinics, and CVS Health will open as many as 20 new clinics in Target stores within three years as part of the company's goal to have 1,500 by 2017.

In total, Reliant facilities manage 902 beds across Texas, Massachusetts and Ohio.

Had they merged, the combined system would have been one of the largest nonprofits in the state.

The purchase does not include acquisition of the $62 million in debt incurred during construction of the hospital in 2010.

When Tenet hands over ownership, the hospital will join nonprofit Catholic health system SSM Health, with St. Louis University retaining a minority interest in the hospital.

Deals add 17 inpatient facilities and more than 500 beds to its network.

A takeover of the company would likely be the largest health insurance acquisition since the $20 billion merger of Anthem and WellPoint in 2003.