Presence Health, the largest Catholic health system in Illinois, is selling two downstate hospitals to OSF HealthCare. The move comes as the 12-hospital system works to turn around its finances by shedding workers and naming new leadership.
Under the deal, Envision's American Medical Response will be combined with KKR's Air Medical Group Holdings to create a medical transportation behemoth serving more than 5 million patients annually across 46 states and the District of Columbia.
Tenet Healthcare, the nation's third-largest investor-owned hospital chain, wants to offload facilities that don't fit its long-term strategy so it can focus on its primary markets where it is first or second in market share.
The $2 billion acquisition of NxStage will allow Fresenius to capture market share in the home dialysis segment and capitalize on payment models that favor coordinated care, analysts said.
Buyer interest in more Community Health Systems hospitals has the chain unloading another $1.5 billion in annualized hospital revenue to reduce debt and focus resources in core markets.
Catholic-sponsored Christus Health has agreed to contribute 21 home health, hospice and long-term hospitals to a joint venture with LHC Group, joining other hospitals in offloading those businesses.
There has been a recent wave of consolidation among contract research organizations as companies look to grow their pharmaceutical services and cut costs.
Reflecting the ongoing transformation of the hospital landscape, RWJBarnabas Health and Rutgers University are forming a partnership that will result in the largest academic healthcare system in New Jersey.
Mergers and acquisitions across the healthcare industry slowed slightly in the second quarter—with the exception of hospitals—but continue at a rapid pace as organizations look to scale up to insulate themselves from looming policy changes.
Medical Mutual of Ohio and University Hospitals have come to an agreement to include all UH facilities in Medical Mutual's SuperMed network, reversing a contractual decision made more than 20 years ago that excluded UH main campus and UH Bedford.
KKR, the private equity giant that sold most of its stock in HCA a year ago, agreed Monday to acquire WebMD for about $2.8 billion, KKR announced Monday.
As the regulatory environment, technology requirements and overhead costs force independent docs to consider selling or joining larger systems, two independent physician groups in Northeast Ohio are looking to push back against that trend.