Mergers & Acquisitions
The sale of Tenet Healthcare Corporation's five Atlanta-area hospitals and related operations to WellStar Health System in exchange for $575 million in cash is complete, the company announced Friday. The sale is effective as of March 31, 2016.
A Community Health Systems subsidiary has gained 80 percent ownership interest in Physicians' Specialty Hospital, a 20-bed facility in Fayetteville, Arkansas, CHS announced Friday.
The Barnabas Health and Robert Wood Johnson Health Systems merger is complete, with the new combined system having been named RWJBarnabas Health. The announcement was made late Thursday afternoon in a statement issued by the newly combined system.
The Michael J. Fox Foundation for Parkinson's Research and the Parkinson's Action Network have announced plans to integrate. MJFF made the announcement in a statement, saying that PAN will cease to operate as an independent organization, and will merge into the Foundation.
Mergers and consolidations should be saving hospitals money from having benefits of scale, but a new report by PwC finds this isn't the case.
EmblemHealth and Northwell Health in New York have agreed to share risk in value-based contracts, EmblemHealth announced March 25.
The new company will encompass 18 hospital campuses in 12 states. Its ranks will swell to 13,000 employees, 2,000 affiliated physicians and $1.7 billion in combined revenue.
Gilbert Hospital and Florence Hospital at Anthem, both in Arizona, have announced that they have joined together under common ownership and management, forming a new entity called New Vision Health.
The American Medical Association, the Florida Medical Association and the Florida Osteopathic Medical Association are calling on Florida Attorney General Pam Bondi to reject the proposed merger of health insurer giants Aetna and Humana, according to a March 14 release from the AMA.
A subsidiary of Community Health Systems has acquired an 80 percent ownership interest in a joint venture entity with Indiana University Health.