California and New York regulators approved health insurer Cigna Corp.'s acquisition of pharmacy benefit manager Express Scripts, bringing the $67 billion deal a step nearer to closing.
The electronic health record vendor first acquired a stake in behavioral health technology vendor Netsmart in 2016. Allscripts is now selling its portion to GI Partners, which also acquired a stake at the same time in 2016.
Little River Healthcare, a bankrupt Texas provider involved in what appeared to be a lab billing scheme, has officially closed its hospitals and clinics after its petition lender declined to continue to meet its funding requests.
The California Justice Department conditionally approved the merger Nov. 21, which means the deal has met all necessary state, federal and Catholic regulatory approvals and is on track to close by Dec. 31.
A federal judge told pharmacy giant CVS Health and the insurer Aetna that they have to keep their management separate until he weighs in on their $70 billion merger.
The congressional session is winding down, but there's no shortage of hearings. Key committees will look at how the VA is implementing the Mission Act. Also, federal antitrust regulators will detail their approaches to hospital consolidation.
Fitch Ratings predicts the U.S. healthcare sector will be stable in 2019, but don't expect the pressure on pricing and profit margins to let up any time soon.
Prominent New York City health systems are selling an insurance company and third-party administrator that state regulators last year found had engaged in a scheme to funnel hundreds of millions of dollars back to the hospitals.
Massachusetts' attorney general put conditions on the merger, including a seven-year price cap, participation in MassHealth, and $71.6 million in investments supporting healthcare services for low-income and underserved communities in Massachusetts.
CVS Health and Aetna closed their $70 billion merger on Wednesday, bringing together one of the nation's largest pharmacy chains and one of the largest health insurers in a deal that transforms the healthcare landscape.
Ascension plans to become the sole owner of a hurricane-damaged hospital it operates through a joint venture with Ardent Health Services through its member, Ascension Sacred Heart Health System.
The $69 billion merger between pharmacy giant CVS Health and national health insurer Aetna has nabbed all required state approvals and is projected to close on or around Wednesday.