With struggling giants Tenet Healthcare and Community Health Systems now sellers rather than buyers of hospitals, their competitors are paying a premium to acquire their coveted facilities.
Marin General Hospital's CEO Lee Domanico says that while other hospitals are consolidating, he felt confident that continuing as a free-standing hospital, with a mix of about 80% Medicaid patients, would be supported by the local community. And the community delivered.
Increasing cost transparency coupled with new value-based incentives to better coordinate care will pressure merger partners to return some of the benefits from economies of scale and shared purchasing to patients, said a new report by the Healthcare Financial Management Association.
Although the Trump administration could shake up the healthcare market with plans to repeal and replace the Affordable Care Act, antitrust enforcement agencies will see few changes that could impact their aggressive stance against major consolidation in the industry.
Management of Quorum Health Corp. is negotiating to sell five more of its money-losing hospitals to go along with two already under contract. Though divestitures are a priority, Quorum has expressed an interest in acquiring a hospital in Huntsville, Texas.
About 425 doctors from the New Bedford, Mass.-based system will exit the New England Quality Care Alliance and create their own physician network called the Southcoast Health Network.
AmSurg intends to make another $50 million worth of acquisitions in the fourth quarter, bringing to $400 million its spending on deals for all of 2016. It is shopping for physician-staffing companies and ambulatory surgery centers even as it prepares to complete a merger with Envision Healthcare.
Physician-staffing giant TeamHealth is taking steps to heal its IPC division, an effort that under Blackstone ownership can be best undertaken outside the glare of public equity markets. To fix IPC, management has created a separate leadership structure to grow its presence in post-acute medicine.
A full merger would create the nation's largest not-for-profit hospital company with combined revenue of $27.6 billion ahead of the $20.5 billion posted by Catholic-sponsored Ascension.
Penn State Hershey (Pa.) Medical Center and PinnacleHealth System, Harrisburg, Pa., abandoned their proposed merger in the wake of renewed regulatory opposition from the Federal Trade Commission.
Nashville-based Ardent Health Services and Plano, Texas-based LHP Hospital Group last week announced they will merge into what would be the second-largest privately owned, for-profit hospital system in the country by revenue. The combined system would have 19 hospitals in six states and $3 billion...
Chicago-based real estate management firm Jones Lang LaSalle has acquired a consulting firm that uses technology to help healthcare facilities comply with building regulations.