DuPage Medical Group, the largest independent physician group in the Chicago area, is continuing its rapid expansion by entering the northwest suburbs.
The fragmented ophthalmology and eye-care medical practice sector has become a new target for private equity investors.
The deal comes months after Teladoc reported full-year losses for 2016.
As its former CEO, Dr. Michael Genord, oversaw the effort to turn around the financial and operational health of Flint-based insurer HealthPlus of Michigan before the commercial and Medicare business was sold to Health Alliance Plan. As CEO of HAP Midwest Health Plan, Genord was again a key player.
Henry Ford Health System had a big year in 2016 when it added Jackson-based Allegiance Health in April and Flint-based HealthPlus of Michigan earlier in February. The two acquisitions added about $800 million in annual revenue to the now $5.7 billion system.
Greenville (S.C.) Health System has agreed to merge with Palmetto Health to create the largest hospital system in South Carolina. The partnership would operate 13 hospitals and serve 1.2 million patients annually.
UCHealth will merge with Yampa Valley Medical Center to form an eight-hospital network that will grow UCHealth's reach in Colorado.
Struggling Community Health Systems has agreed to sell five hospitals in Pennsylvania to the not-for-profit Reading Health System.
Cleveland Clinic plans to bring Dover-based Union Hospital into the system, in a move that stretches its Northeast Ohio geographical footprint farther south.
An affiliate of for-profit Prime Healthcare has agreed to buy 297-bed Mission Regional Medical Center to expand its reach in southern Texas. Prime owns two other community hospitals in the Rio Grande Valley, giving it a hub along Texas' border with Mexico.
Community Health Systems has rejected a $2.4 billion buyout offer for its eight Fort Wayne, Ind., hospitals, saying Monday the proposal by physicians and private-equity players came in at least $1 billion lower than what it was worth.
The combined 36-hospital Steward and Iasis health system would have an estimated revenue of $8 billion and nearly 7,500 patient beds across 10 states with approximately 38,000 employees.