Mergers & Acquisitions
Recent purchase of MedExpress gives major boost to insurer's business for walk-in, low-acuity treatments and well as health and wellness services.
Healthcare deals totaled $104.7 billion in the first quarter, up 109 percent compared to the first quarter of 2014, according to preliminary estimates by Connecticut-based Irving Levin Associates.
Prime claimed SEIU and Healthcare Workers of the West were guilty of extortion and other illegal methods in their attempts to unionize hospital employees and challenge the company’s $843 million acquisition of the Daughters of Charity Health System in California.
Physicians Realty Trust said it made 9 acquisitions in the quarter, adding 23 properties to its portfolio of medical buildings.
Ventas, a Chicago-based healthcare real estate investment trust, is set to acquire Ardent Medical Services and its Ardent Health Services affiliates for $1.75 billion in cash.
The integration moves the health systems away from fee-for-service to care that’s value based, eliminating unnecessary costs.
The agency had argued that the $195 million takeover violated federal antitrust laws and greatly reduced healthcare competition in the southwest Georgia.
According to the nonprofit healthcare provider, operating revenue was $4.3 billion in the second quarter compared to $3.5 billion in the prior period.
AAC will acquire Sunrise House Foundation, which runs the New Jersey facility, and will invest $5 million in the 87,000-square-foot campus.
Catamaran serves about 25 million Americans with retail pharmacy network management, mail-order pharmacy, pharmacy claims management and patient-centric specialty pharmacy services to health plans and employers.