This year is going to be filled with healthcare acquisitions as health systems, information technology, software firms, medical practices and service providers look to integrate due to the Affordable Care Act. The following are 20 healthcare mergers & acquisitions underway in 2015:
1. Navigant Health, a Chicago based healthcare consulting firm, announced that it is going to acquire RevenueMed (an Atlanta-based provider of coding, revenue cycle management, and business process management services) to have access to their software for office and financial management.
2. Ascension Health, a St. Louis-based healthcare provider, is set to acquire U.S. Health and Life Insurance Co. for $50 million with the objective of boosting its services in population health.
3. Health Stream, a Nashville-based healthcare workforce management company, will acquire its competitor HealthLine, based in San Diego, for $88 million.
4. Alexian Brothers Health System (of Illinois) announced that it is going to acquire Medical Care Group (of Chicago). Alexian Brothers Health System will result in a network of 74 physicians and 24 practices from the deal.
5. Farmingdale, a surgical supply firm based in New York, said that it acquired back the rights to sell its BoneScapel device from Aesculap.
6. VHA, a supply chain management company based in Texas, will merge with UHC to create a single healthcare system that will be one of the largest in the country.
8. LifePoint Hospitals of Tennessee acquired Roaring Spring, Pennsylvania’s Nason Hospital, which made the hospital part of Conemaugh Health System.
9. Community Health System, based in Tennessee, says it plans to take an 80% stake in Metro Health in Wyoming, Michigan. The purpose of the acquisition is to introduce Community Health System entry into the Michigan market.
10. Kindred Health, based in Louisville, bought Gentiva Health, a home health services company, for $720 million. This acquisition will make it one of the largest healthcare firms in the country by offering acute-care hospitals, home health services and inpatient rehabilitation.
11. Merck, a global pharmaceutical company, acquired the specialty drug company, Cubist Pharmaceuticals, for $8.4 billion. There were some issues with this acquisition because a federal judged ruled that competitors could market generic versions of Cubist’s antibiotic drug, Cubicin.
12. Envision Healthcare Holdings, based in Colorado, said that it wants to buy two physician groups: Emergency Medical Associates of Parsippany, NJ and Scottsdale Emergency Associates in Phoenix, AZ. Envision expects that the acquisition will add $300 million in annual revenue.
13. Stony Brook University Hospital merged with Southamptom Hospital. Southamptom leased its facilities to Stony Brook, and workers in Southamptom will remain in their current labor union.
14. Trinity Health agreed to partner with Heritage Provider Network to form accountable care networks.
15. Pennsylvania Health Care Quality Alliance and the Health Care Improvement Foundation merged in January. The organization will continue to manage its public reporting website, phcqa.org, advocating the quality of care in Pennsylvania. The website publishes healthcare performance data on hospitals, patient centered medical homes, and cancer centers in PA.
16. Lenexa, a Kansas-based national provider of specialty home infusion services, bought Ambient Healthcare of Florida to expand its home intravenous therapy network into Florida17
17. Corridor Group of Kansas acquired Healthcare Management Solution, a provider of revenue cycle management (RCM) services, to expand its RCM product line.
18. Kindred Healthcare of Louisville, KY purchased Centerre Healthcare Corp. for $195 million. The deal added 11 hospitals to its already 5 existing inpatient rehabilitation hospitals and 102 hospital-based acute rehabilitation units.
19. Carter Validus, a healthcare real estate investment trust, paid more than $6.2 million for the Winston-Salem North Carolina Integrated Medical Facility.
20. The Consult Inc., a revenue cycle management firm, plans to acquire Physician Management Information Services of Denver, a firm that offers a range of software and services to manage revenue flow for healthcare providers.
Summary by MedicalGroups.com
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