by Jessica Casebolt | Apr 27, 2023 | M&A, Tea Leaves
Kaiser Permanente is acquiring 10-hospital Geisinger Health in a deal described as the first step toward a new multisystem value-based care organization, according to a Wednesday announcement. That new entity, called Risant Health, will be a nonprofit organization...
by Jessica Casebolt | Apr 17, 2023 | M&A, Tea Leaves
Merck & Co. will buy Prometheus Biosciences Inc. for about $10.8 billion to bolster its research pipeline and strengthen its portfolio of autoimmune drugs. The agreement to buy the biotech company, one of the largest pharma deals in recent history, comes as...
by Jessica Casebolt | Apr 4, 2023 | M&A, Tea Leaves
Between 2010 and 2018, 17 percent of unprofitable rural hospitals merged with another organization, while 7 percent closed, according to an analysis from Health Affairs using data from 325 unprofitable hospitals. Of the financially unstable hospitals that didn’t close...
by Jessica Casebolt | Mar 28, 2023 | M&A, Tea Leaves
CVS Health is set to close its major acquisition of health services company Signify Health this week in adeal valued at $8 billion. The acquisition will help advance the health giant’s push into value-based care. It is the latest bid by CVS to get further into health...
by Jessica Casebolt | Mar 22, 2023 | M&A, Tea Leaves
The U.S. Justice Department has dismissed its own appeal challenging UnitedHealth Group’s nearly $8 billion acquisition last year of Change Healthcare, a court filing showed. The health care deal was seen as a blow to the Biden administration’s tougher...
by Jessica Casebolt | Mar 3, 2023 | M&A, Tea Leaves
Iowa-based UnityPoint Health and New Mexico-based Presbyterian Healthcare Services announced Thursday that they have signed a letter of intent “to explore the formation of a new health care organization,” a merge that would create an organization with roughly $11...
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