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Mergers & Acquisitions

HealthPlus' integration into Henry Ford's HAP a turnaround story

HealthPlus' integration into Henry Ford's HAP a turnaround story

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 expands with Jackson, Flint acquisitions

Henry Ford expands with Jackson, Flint acquisitions

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.

Prime Healthcare adds another hospital to its south Texas hub

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.

CHS rejects $2.4 billion buyout of its Fort Wayne hospitals

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.

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