Mergers & Acquisitions
Both Oklahoma City hospitals serve patients recovering from strokes and other long-term illnesses or injuries.
Given telehealth’s popularity, executives see the acquisition as part of a broader long-term growth strategy.
Attempts to merge these health systems date back years, but up until now the deal never went through.
RWJBarnabas has begun a number of partnerships in recent months, including with Saint Peter’s Healthcare System and Trinitas Regional Medical Center.
Anthem is acquiring InnovaCare’s Puerto Rico-based subsidiaries, as well as a Medicaid plan.
This week's top stories include a House bill that would expand virtual care access, DarioHealth acquiring Upright Technologies, and the AHA asking CMS to withdraw and replace the most favored nation model interim final rule.
Advancing portfolios to remain competitive will be the catalyst for M&A rather than efforts to offset customer pricing pressure.
Analysts predict that the uptick will continue and that this year could be record-setting for physician practice deals.
The data will be used in a study to assess how physician practice mergers and hospital acquisitions of physician practices affect the marketplace.
Forty-four percent of healthcare CFOs say the pandemic will drive an increase in partnerships across the healthcare ecosystem.