Category: Mergers and acquisitions, Finance

Court OKs Rite Aid plan to sell pharmacies to CVS

The U.S. Bankruptcy Court of New Jersey has approved a plan for Rite Aid to sell 64 of its stores to CVS Health and the prescription files of 625 Rite Aid pharmacies across 15 states, with more details about the deal to be revealed in the coming weeks,…

CareSource finalizes Commonwealth Care Alliance Acquisition

Nonprofit managed care organization CareSource has finalized its acquisition of Commonwealth Care Alliance (CCA), a nonprofit healthcare services organization that offers health plans and care delivery programs designed for people with pressing health …

Duke buys CHS hospital for $284 million

Duke University Health System in Durham, North Carolina has completed a $284 million acquisition of Lake Norman Regional Medical Center from Franklin, Tennessee-based Community Health Systems.

DispatchHealth, Medically Home merge into single home healthcare provider

DispatchHealth and Medically Home have entered into a definitive agreement to merge, creating a single provider of medical care at home.
Once the deal closes, Medically Home will become part of DispatchHealth. The combined entity will extend care into …

Teladoc acquires Catapult Health for $65 million

Teladoc Health has signed a definitive agreement to acquire preventive care company Catapult Health for $65 million, and will leverage the latter’s at-home diagnostic testing capabilities and clinical support model, Teladoc said.

Commure acquires digital care navigator Memora Health

Healthcare technology company Commure has acquired digital care navigation platform Memora Health for an undisclosed amount, the company recently announced.

Lawsuit seeks to halt Deaconess’ planned hospital acquisition

A group called Save Jennie Stuart has filed a lawsuit seeking to stop Deaconess Health’s planned acquisition of Jennie Stuart Medical Center in Hopkinsville, Kentucky.

Addus Homecare buttons up $350 million Gentiva acquisition

Addus Homecare, a provider of home care services, has completed a $350 million acquisition of the personal care operations of Gentiva, which provides hospice, palliative and personal care services in the seven-state service area of Arizona, Arkansas, C…

Cencora expanding services with $4.6B Retina acquisition

Drug distributor Cencora has entered into a definitive agreement to acquire Retina Consultants of America, a management services organization (MSO) of retina specialists, from Webster Equity Partners for about $4.6 billion in cash.

Elevance planning CareBridge acquisition estimated at $2.7 billion

Elevance Health announced plans to acquire home health company CareBridge during its most recent earnings call, with Elevance Health CEO Gail Boudreaux saying it will serve as the foundation for subsidiary Carelon’s home health business.
“We’re excited…