Mergers & Acquisitions
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.
With margins razor thin, hospitals are increasingly looking to transactions to achieve economies of scale and boost profitability.
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.
Hospital gains a 50-bed hospital and 152-bed nursing and rehabilitation center.
This is the second acquisition by Bolder Healthcare Solutions this month.
Renowned New Jersey system says changing healthcare market forced the decision.
Consolidation of managed care businesses has been steady going back to 1994.
Presbyterian Healthcare Services, an integrated delivery system with eight hospitals, 700 physicians, 100-plus clinics and a 300,000-member health plan, will take on care coordination and prevention for more than 12,000 members in UnitedHealthcare's employer-sponsored plans in New Mexico.