Hospital operators in merger talks to create U.S. industry leader

Cornelia Mascio
Dicembre 11, 2017

Adding to a late-in-the year flurry of huge mergers, Ascension and Providence St. Joseph are in talks that would create the largest hospital operator in the country, according to the Wall Street Journal.

"A deal would create a new operation of unprecedented reach, with 191 hospitals in 27 states and annual revenue of $44.8 billion, based on the most recent fiscal year", the WSJ reports. The organizations, both large non-profit healthcare providers, are also considering a range of different partnerships.

Ascension and Providence did not immediately respond to requests for comment.

The merger talks come at a pivotal time in the industry, as a series of deals, changes to the Affordable Care Act and rising drug prices have shifted the healthcare landscape.

On Dec. 3, CVS Health Corp and Aetna Inc proposed a $69 billion merger, arguing it would enable the companies to tackle soaring healthcare spending by offering lower-cost medical services in pharmacies.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE