Mergers & Acquisitions
Even with smaller systems flooding the market, analysts warn that the financial pressures caused by COVID-19 will result in fewer potential buyers.
Prime was chosen for its financial commitment and a history of turning around financially distressed hospitals.
This week's top stories include the ONC offering new funding for HIE innovation, while healthcare M&A transactions are in decline.
There would be no cash involved in the transaction, with combined reserves and assets allowing more funds for new projects.
The drop in activity is especially pronounced year-over-year, with long-term care and physician medical groups among the hardest hit.
This week's top stories include Teladoc Health and Livongo merging, CMS proposing telehealth changes under Trump's executive order, and dispatches from the Taskforce of Telehealth Policy's virtual town hall.
The transaction would reduce hospital competition in central Pennsylvania, Department of Justice says.
This week's top stories include two competitors in consumer wellness and telehealth looking to score significant funding, and doctors, nurses and hospitals asking Congress for $100 billion to fight COVID-19.
Data from S&P Global Market Intelligence shows a decline in M&A value in Q2, which can be attributed to the pandemic.
The anticipated reduction in health plan startup costs should allow Molina to recover the purchase price in about a year.