Mergers & Acquisitions

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.

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.