merger Archives - MedCity News https://medcitynews.com/tag/merger/ Healthcare technology news, life science current events Wed, 27 Sep 2023 22:05:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png merger Archives - MedCity News https://medcitynews.com/tag/merger/ 32 32 40682243 Virgin Pulse, HealthComp To Merge Through $3B Deal https://medcitynews.com/2023/09/merger-employers-platform-navigation-data/ https://medcitynews.com/2023/09/merger-employers-platform-navigation-data/#respond Wed, 27 Sep 2023 22:01:55 +0000 https://medcitynews.com/?p=650031

As a combined entity, Virgin Pulse and HealthComp will serve more than 1,000 self-insured employers and more than 20 million members. New Mountain Capital will be the majority owner.

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BehaVR and OxfordVR Merge, Secure $13M in Funding https://medcitynews.com/2022/12/behavr-and-oxfordvr-merge-secure-13m-in-funding/ https://medcitynews.com/2022/12/behavr-and-oxfordvr-merge-secure-13m-in-funding/#respond Fri, 16 Dec 2022 19:57:32 +0000 https://medcitynews.com/?p=617725

BehaVR offers care for anxiety, mental wellness, pain management and maternal health, while OxfordVR is primarily focused on serious mental illness, such as PTSD, bipolar disorder and schizophrenia. Through the merger, OxfordVR’s products will join BehaVR’s platform, providing services for a whole range of mental health conditions.

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Executives at new InterWell Health, formed by 3-way merger, want to turn kidney care on its head https://medcitynews.com/2022/03/executives-at-new-interwell-health-formed-by-3-way-merger-want-to-turn-kidney-care-on-its-head/ https://medcitynews.com/2022/03/executives-at-new-interwell-health-formed-by-3-way-merger-want-to-turn-kidney-care-on-its-head/#respond Wed, 23 Mar 2022 23:27:43 +0000 https://medcitynews.com/?p=579144

The new organization combining InterWell, Fresenius Health Partners and Cricket Health is valued at $2.4 billion with a total addressable market of $170 billion, more than $6 billion of medical costs under management, and over 100,000 covered lives, according to the combined company.

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Provider groups back Hackensack Meridian Health, Englewood Health’s appeal against merger delay https://medcitynews.com/2021/09/provider-groups-back-hackensack-meridian-health-englewood-healths-appeal-against-merger-delay/ https://medcitynews.com/2021/09/provider-groups-back-hackensack-meridian-health-englewood-healths-appeal-against-merger-delay/#respond Tue, 28 Sep 2021 22:37:59 +0000 https://medcitynews.com/?p=551690

The American Hospital Association and Association of American Medical Colleges have filed an amicus brief in support of the New Jersey health systems that are appealing a court decision to delay their merger following a legal challenge from the FTC.

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Intermountain Healthcare, SCL Health to merge, creating $14B system https://medcitynews.com/2021/09/intermountain-healthcare-scl-health-to-merge-creating-14b-system/ https://medcitynews.com/2021/09/intermountain-healthcare-scl-health-to-merge-creating-14b-system/#respond Thu, 16 Sep 2021 22:47:41 +0000 https://medcitynews.com/?p=549818

If the merger is approved, the combined health system will operate 33 hospitals and 385 clinics across six states. The merger also represents the joining together of a faith-based organization, SCL Health, and a secular entity, Intermountain.

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Hackensack Meridian Health, Englewood Health appeal court decision to block merger   https://medcitynews.com/2021/08/hackensack-meridian-health-englewood-health-appeal-court-decision-to-block-merger/ https://medcitynews.com/2021/08/hackensack-meridian-health-englewood-health-appeal-court-decision-to-block-merger/#respond Mon, 30 Aug 2021 18:50:26 +0000 https://medcitynews.com/?p=547184

The FTC sued to block the merger between the two New Jersey-based health systems and won a preliminary injunction earlier this month. But the providers believe that the merger would not raise prices or stifle competition — like the FTC alleges it would — and have filed an appeal.

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Arizona, Colorado HIEs merge https://medcitynews.com/2021/08/arizona-colorado-hies-merge/ https://medcitynews.com/2021/08/arizona-colorado-hies-merge/#respond Wed, 04 Aug 2021 23:11:18 +0000 https://medcitynews.com/?p=543515

CORHIO and Health Current, based in Colorado and Arizona respectively, have formed a new regional organization. Called Contexture, the organization aims to advance interoperability across state lines, while also driving growth and innovation.

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Sema4 goes public via SPAC merger https://medcitynews.com/2021/07/sema4-goes-public-via-spac-merger/ https://medcitynews.com/2021/07/sema4-goes-public-via-spac-merger/#respond Thu, 22 Jul 2021 18:15:50 +0000 https://medcitynews.com/?p=541604 precision medicine, personalized medicine, genomics,

With a goal of making precision medicine the standard of care at health systems, Sema4 struck a nearly $800 million deal with CM Life Sciences to go public. The company, which offers tools that combine genomic and clinical data to glean patient care insights, will get $500 million in cash proceeds to grow its business.

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Report: Fewer health system M&A deals in Q1 2021 offset by larger transactions https://medcitynews.com/2021/04/report-fewer-health-system-ma-deals-in-q1-2021-offset-by-larger-size-of-transactions/ https://medcitynews.com/2021/04/report-fewer-health-system-ma-deals-in-q1-2021-offset-by-larger-size-of-transactions/#respond Mon, 12 Apr 2021 22:35:08 +0000 https://medcitynews.com/?p=524564 Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table - merger and acquisition concept

Though the number of merger and acquisition deals in the first quarter of 2021 fell below historical averages, the size of the deals was far bigger than the same period last year, a new report from Kaufman Hall shows. The total transacted revenue was $8.8 billion, the second-highest Q1 figure in the last five years.

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SOC Telemed buys specialty telemedicine provider for $194M https://medcitynews.com/2021/04/soc-telemed-buys-specialty-telemedicine-provider-for-194m/ https://medcitynews.com/2021/04/soc-telemed-buys-specialty-telemedicine-provider-for-194m/#respond Mon, 05 Apr 2021 21:30:38 +0000 https://medcitynews.com/?p=523451 Putting puzzle pieces together on sky background with sunlight merger

After going public through a SPAC merger last year, SOC Telemed bought acute telemedicine provider Access Physicians for $194 million. The deal is expected to bolster the company’s specialty consults and telemedicine services for hospitals. 

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Einstein Healthcare Network, Jefferson Health to merge after FTC drops challenge https://medcitynews.com/2021/03/einstein-healthcare-network-jefferson-health-to-merge-after-ftc-drops-challenge/ https://medcitynews.com/2021/03/einstein-healthcare-network-jefferson-health-to-merge-after-ftc-drops-challenge/#respond Tue, 02 Mar 2021 00:01:10 +0000 https://medcitynews.com/?p=517310

The Federal Trade Commission is no longer opposing the proposed merger between Einstein Healthcare Network and Jefferson Health. Nearly three years after it was first announced, the deal can now move forward uncontested and will result in an 18-hospital system.

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UnitedHealth Group’s Optum, Change Healthcare to combine in $13.5B deal https://medcitynews.com/2021/01/unitedhealth-groups-optum-change-healthcare-to-combine-in-13-5b-deal/ https://medcitynews.com/2021/01/unitedhealth-groups-optum-change-healthcare-to-combine-in-13-5b-deal/#respond Wed, 06 Jan 2021 18:56:22 +0000 https://medcitynews.com/?p=509780

Optum, a subsidiary of insurance giant UnitedHealth Group, agreed to buy healthcare technology company Change Healthcare for $13.5 billion in cash. The acquisition will add data analytics, research and revenue cycle management offerings to Optum’s service roster.

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Australian regulators pose challenge to Google’s Fitbit acquisition https://medcitynews.com/2020/12/australian-regulators-pose-challenge-to-googles-fitbit-acquisition-plans/ https://medcitynews.com/2020/12/australian-regulators-pose-challenge-to-googles-fitbit-acquisition-plans/#respond Mon, 28 Dec 2020 18:35:52 +0000 https://medcitynews.com/?p=508994

After European regulators signed off on the deal, Australian regulators rejected a proposal by Google to assuage concerns about its proposed acquisition of Fitbit. They will continue their investigation of the merger through the end of March.

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Sanford Health halts merger talks with Intermountain ‘indefinitely’ https://medcitynews.com/2020/12/sanford-health-halts-merger-talks-with-intermountain-indefinitely/ https://medcitynews.com/2020/12/sanford-health-halts-merger-talks-with-intermountain-indefinitely/#respond Mon, 07 Dec 2020 19:35:51 +0000 https://medcitynews.com/?p=506264 handshake, break, deal

The South Dakota-based health system has suspended talks related to its planned merger with Utah-based Intermountain Healthcare after the sudden departure of its CEO, Kelby Krabbenhoft. Sanford and its new CEO will instead focus on organizational needs, the system said.

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Provider consolidation continues with Intermountain merging with Sanford Health https://medcitynews.com/2020/10/provider-consolidation-continues-with-intermountain-merging-with-sanford-health/ https://medcitynews.com/2020/10/provider-consolidation-continues-with-intermountain-merging-with-sanford-health/#respond Mon, 26 Oct 2020 23:58:54 +0000 https://medcitynews.com/?p=501848

If the merger is approved, the combined health system would operate 70 hospitals and employ 89,000 people. Intermountain CEO Dr. Marc Harrison would lead the new system, estimated to generate about $15 billion in annual revenue.

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Livongo’s top leaders to depart after Teladoc merger https://medcitynews.com/2020/10/livongos-top-leaders-to-depart-after-teladoc-merger/ https://medcitynews.com/2020/10/livongos-top-leaders-to-depart-after-teladoc-merger/#respond Mon, 26 Oct 2020 22:36:25 +0000 https://medcitynews.com/?p=501905

After Teladoc and Livongo merge, several of the company’s top executives, including CEO Zane Burke and President Dr. Jennifer Schneider, will leave the combined company, according to a recent filing.  

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Anthem, Cigna won’t get anything from failed merger https://medcitynews.com/2020/08/anthem-cigna-wont-get-anything-from-failed-merger/ https://medcitynews.com/2020/08/anthem-cigna-wont-get-anything-from-failed-merger/#respond Mon, 31 Aug 2020 20:14:19 +0000 https://medcitynews.com/?p=497324

A Delaware judge ruled on Monday that neither Anthem nor Cigna will be able to collect billions in damages over their failed merger.

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EU regulators to launch in-depth investigation of Google-Fitbit merger https://medcitynews.com/2020/08/eu-regulators-to-launch-in-depth-investigation-of-google-fitbit-merger/ https://medcitynews.com/2020/08/eu-regulators-to-launch-in-depth-investigation-of-google-fitbit-merger/#respond Tue, 04 Aug 2020 20:01:04 +0000 https://medcitynews.com/?p=495188

Regulators with the European Commission said they would launch a full investigation of Google’s proposed acquisition of Fitbit.  The deal has drawn close scrutiny from regulators who worry about the amount of data Google would be able to access.

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NaviHealth trades hands again with Optum acquisition https://medcitynews.com/2020/05/navihealth-trades-hands-again-with-optum-acquisition/ https://medcitynews.com/2020/05/navihealth-trades-hands-again-with-optum-acquisition/#respond Tue, 19 May 2020 18:44:52 +0000 https://medcitynews.com/?p=489038

OptumHealth acquired naviHealth, a startup developing a software platform to help manage post-acute care.   Cardinal Health sold a majority stake in the company two years ago.

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Centene, WellCare get approval for $17.3B mega-merger https://medcitynews.com/2020/01/centene-wellcare-get-approval-for-17-3b-mega-merger/ https://medcitynews.com/2020/01/centene-wellcare-get-approval-for-17-3b-mega-merger/#respond Wed, 22 Jan 2020 20:47:28 +0000 https://medcitynews.com/?p=477872

The two health insurance companies signaled that they had met all regulatory requirements for the merger, including review by the Department of Justice. Centene plans to close the acquisition on Thursday.

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Teladoc to acquire InTouch Health for $600M https://medcitynews.com/2020/01/teladoc-to-acquire-intouch-health-for-600m/ https://medcitynews.com/2020/01/teladoc-to-acquire-intouch-health-for-600m/#respond Sun, 12 Jan 2020 22:49:36 +0000 https://medcitynews.com/?p=477050

Teladoc reached an agreement to acquire InTouch Health for $600 million, including $150 million in cash. The deal is expected to add roughly $80 million to Teladoc’s top line.

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OR software company raises $45.6M and makes a new acquisition https://medcitynews.com/2019/12/or-software-company-raises-45-6m-and-makes-a-new-acquisition/ https://medcitynews.com/2019/12/or-software-company-raises-45-6m-and-makes-a-new-acquisition/#respond Thu, 19 Dec 2019 21:49:20 +0000 https://medcitynews.com/?p=475346

Boston-based Caresyntax raised $45.6 million and acquired Syus, an analytics provider for hospitals.

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Novartis to acquire The Medicines Co., maker of cholesterol-lowering drug, for $9.7B https://medcitynews.com/2019/11/novartis-to-acquire-the-medicines-co-maker-of-cholesterol-lowering-drug-for-9-7b/ https://medcitynews.com/2019/11/novartis-to-acquire-the-medicines-co-maker-of-cholesterol-lowering-drug-for-9-7b/#respond Mon, 25 Nov 2019 15:31:21 +0000 https://medcitynews.com/?p=473375 Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table - merger and acquisition concept

The deal will give the Swiss drugmaker control of inclisiran, a drug for which The Medicines Company plans to file for approval in lipid disorders starting this quarter.

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Sanford Health and UnityPoint Health announce plans to merge https://medcitynews.com/2019/06/sanford-health-and-unitypoint-health-announce-plans-to-merge/ https://medcitynews.com/2019/06/sanford-health-and-unitypoint-health-announce-plans-to-merge/#respond Fri, 28 Jun 2019 16:26:46 +0000 https://medcitynews.com/?p=463301

The combination would rank among the top 15 largest nonprofit health systems in the country and span 76 hospitals across 26 states and nine countries, employing 83,000 staffers and 2,600 physicians.

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Sansoro Health merging with Datica as part of broader health IT consolidation https://medcitynews.com/2019/06/sansoro-health-merging-with-datica-as-part-of-broader-health-it-consolidation/ https://medcitynews.com/2019/06/sansoro-health-merging-with-datica-as-part-of-broader-health-it-consolidation/#respond Wed, 26 Jun 2019 17:42:53 +0000 https://medcitynews.com/?p=463199

The combined company will retain the Datica name and is headquartered in Minneapolis. Sansoro Health CEO Jeremy Pierotti will take on the chief executive role of the new company and former Datica CEO Travis Good will move to the position of chief technology officer.

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BMS to sell $1.6B psoriasis drug to satisfy FTC concerns about Celgene acquisition https://medcitynews.com/2019/06/bms-to-sell-off-psoriasis-drug-to-satisfy-ftc-concerns-about-74b-celgene-acquisition/ https://medcitynews.com/2019/06/bms-to-sell-off-psoriasis-drug-to-satisfy-ftc-concerns-about-74b-celgene-acquisition/#respond Mon, 24 Jun 2019 13:56:58 +0000 https://medcitynews.com/?p=462851

The drugmaker said Monday it would sell off the drug Otezla to address concerns about competition that the Federal Trade Commission had expressed in connection to the pending $74 billion deal. According to an analyst, BMS saw Otezla as competitive against its investigational TYK2 inhibitor.

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Atrium Health, Wake Forest Baptist Health and Wake Forest University intend to merge https://medcitynews.com/2019/04/atrium-health-wake-forest-baptist-health-wake-forest-university/ https://medcitynews.com/2019/04/atrium-health-wake-forest-baptist-health-wake-forest-university/#respond Mon, 15 Apr 2019 21:30:00 +0000 https://medcitynews.com/?p=455702

The North Carolina organizations aim to enter a final agreement later this year, which would include plans to develop a second Wake Forest School of Medicine campus in Charlotte.

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Why some health system merger plans work out but others are nixed — and why you should care https://medcitynews.com/2019/04/health-system-merger/ https://medcitynews.com/2019/04/health-system-merger/#respond Thu, 11 Apr 2019 16:35:06 +0000 https://medcitynews.com/?p=454619 Putting puzzle pieces together on sky background with sunlight merger

Discussions with experts highlight how factors like culture and regulatory approval can impact merger deals, as well as how hospital mergers impact prices and quality.

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Merck to acquire Immune Design for $300M https://medcitynews.com/2019/02/merck-to-acquire-immune-design-for-300m/ https://medcitynews.com/2019/02/merck-to-acquire-immune-design-for-300m/#respond Thu, 21 Feb 2019 19:08:33 +0000 https://medcitynews.com/?p=451333

The deal, expected to close in the second quarter of this year, would bolster Merck’s therapeutic vaccine capabilities, an analyst wrote.

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Baylor Scott & White and Memorial Hermann scrap merger plans https://medcitynews.com/2019/02/baylor-scott-white-and-memorial-hermann/ https://medcitynews.com/2019/02/baylor-scott-white-and-memorial-hermann/#respond Wed, 06 Feb 2019 22:56:09 +0000 https://medcitynews.com/?p=450369 A businessman swings a sledgehammer at a land bridge connecting two cliffs as he tries to chip away at the metaphorical agreement represented by the bridge formed in the shape of a handshake.

Last fall, the two Texas healthcare giants signed a letter of intent to form a new health system, which had not yet been named.

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