Mergers & Acquisitions
Department of Justice asserts Anthem would use its clout to get lower reimbursement rates from hospitals, doctors.
The four hospitals combined will require more than $300 million in state operating assistance in FY2017 to keep doors open, the report said.
Rockwood Health sale is the latest in string of divestitures for struggling CHS; financial terms of the deal were not disclosed.
Consolidation seen as an uphill battle for the commercial insurance giants.
Analysts speculate a Republican-led Department of Justice could affect antitrust reviews of both mergers.
Parent companies' boards have appointed Rob Coppedge as CEO, will lead the combined strategic investment company.
Financial terms of the deal were not disclosed; two systems already partnering on Home Care and Satellite Rehabilitation facilities.
Kindred had previously announced a plan to exit its skilled nursing facilities business, or renew the current lease on its unpurchased facilities through 2025.
Executive team should assess organization's strengths, weaknesses, growth opportunities in revenue and value, Deloitte says.
In a call with investors on Wednesday, CHS CEO Wayne Smith said the company expects to raise $1.2 billion through the sale of its hospitals and other assets.