Monthly Archives: September 2016
Cartoon – A Man of his Word
Cartoon – Ever been in this meeting?
Cartoon – We need someone with Guts
Rise Of The Megamergers: Inside The Record Year For Healthcare M&A
![Healthcare M&A Is Growing Fast [Infographic]](https://i0.wp.com/blogs-images.forbes.com/baininsights/files/2016/07/hc-pe-report-infographic.png)
42 hospital transactions and partnerships in August 2016
The following hospital mergers, acquisitions and general transactions took place or were announced in August.
Top 10 Medicaid insurers represent over half of U.S. managed care market
Fifty-seven percent of the U.S.’s managed Medicaid market is held by the top 10 Medicaid insurers, an analysis from a Washington, D.C., publishing and information company Atlantic Information Services found.
AIS’ Medicare and Medicaid market data found four of the top 10 payers are involved in mergers and acquisitions that may allow them to gain more market share. Specifically, Hartford, Conn.-based Aenta’s proposed acquisition of Louisville, Ky.-based Humana would allocate more than 400,000 Medicaid beneficiaries to Aetna, if the deal is not blocked by the U.S. Department of Justice. In addition, the third ranked insurer, St. Louis-based Centene, acquired Woodland Hills, Calif.-based Health Net in July, leaving the resulting entity with the highest market share.
Here are the top 10 insurers with the most Medicaid beneficiaries and market share.
St. Vincent General Hospital, Centura Health to build new hospital
As part of a management agreement, Leadville, Colo.-based St. Vincent General Hospital and Englewood, Colo.-based Centura Health, will jointly plan, develop and build a healthcare facility in Lake County, Colo.
Under the management agreement, St. Vincent General Hospital, a 25-bed critical access hospital, is integrating with operations at Centura Health. The construction of the Lake County hospital is part of an expansion of that agreement.
Additionally, under the expanded agreement:
- Centura Health will provide a strategic plan to improve clinical quality and patient care at St. Vincent General Hospital, including proposals in medical services, facilities and health IT.
- The District Board of Directors will continue to serve as the hospital’s governing body.
- St. Vincent General Hospital will be managed by the leadership of St. Anthony Summit Medical Center in Frisco, Colo., part of Centura Health.
CHI Franciscan Health to spend more than $530M on Harrison Medical Center expansion
Tacoma, Wash.-based CHI Franciscan Health has submitted a letter of intent to the Washington State Department of Health requesting regulatory approval to invest in a new hospital at Harrison Medical Center-Silverdale (Wash.). The LOI is the first step in the certificate of need application.
CHI Franciscan Health, which affiliated with Harrison Medical Center in 2014, plans to invest more than $530 million on the expansion project. The project will be divided into two phases.
Phase one, which will cost $283 million, will involve the transfer of 168 inpatient beds from the Harrison Medical Center-Bremerton (Wash.) license while retaining 85 licensed beds at Bremerton. Harrison Medical Center-Bremerton, which houses 253 beds, will close after the completion of phase one in Silverdale.
The second phase will add the rest of the beds, based on demand, and is expected to cost $201 million.
CHI Franciscan Health plans to submit the full CON application to state regulators later this year.
HENRY KOTULA 