Mergers & Acquisitions
Thursday's expected announcement brings to fruition talks that began in November 2013, when AtlantiCare said a merger would reduce costs and improve efficiency of care.
Mark T. Bertolini, chairman and CEO of Aetna in Hartford, Connecticut and Joseph R. Swedish, president and CEO of Anthem in Indianapolis, argued before a Senate Judiciary subcommittee on Antitrust, Competition Policy and Consumer Rights on Tuesday that local insurance plans would keep the industry competitive.
Prime Healthcare in California has sued California Attorney General Kamala Harris, claiming she abused her constitutional powers by imposing strict conditions on the sale of the Daughters of Charity Health System that ultimately caused the deal to fall apart.
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.