Mergers & Acquisitions
Insurer may not agree to Anthem merger deadline extension until court ruling comes out.
Officials of the two systems have talked about a merger for years, but had never signed a letter of intent, citing leadership structure as one of the primary reasons.
Two providers plan to open 15 co-branded centers beginning in spring 2017 during the first 18-month phase of their partnership.
McKesson announced CoverMyMeds deal shortly after unveiling new Change Healthcare brand for provider solutions division.
The DOJ argued during the 13-day trial that the effect of the merger would substantially lessen competition in the public exchange markets.
The ruling sets a precedent establishing Medicare Advantage as a separate market from traditional Medicare.
HCA, Kaleida Health did the most acquiring; biggest deal of the year was merger of Catholic Health Initiatives, Dignity Health.
Anthem had until Jan. 31 to give Cigna notice it was exercising right of contract to move deadline to outside date of April 30.
Total dollar volume of senior housing and care M&A activity in 2016 was slightly higher, $14.4 billion compared to $14.2 billion in 2015.
The volume of M&A deals decreased by 8 percent to 27 announced transactions in that fourth quarter, HeathCareMandA.com data shows.