Anthem's deal with Aspire Health marks another in a slew of provider purchases by insurers aiming to reduce costs by shifting care away from costly inpatient settings.
The driving force behind the marriage of the No. 3 health insurer and the pharmacy giant is the appeal of steering patients to lower-cost care via 1,100 CVS walk-in clinics. Nearly 70% of the U.S. population lives within 3 miles of a CVS pharmacy.
David Cordani doesn't view Cigna as merely a health insurer. The Bloomfield, Conn.-based company, he said, is in the business of delivering "health services." The proposed $54 billion purchase of Express Scripts falls in line with that, he argued.
A new filing with the Securities and Exchange Commission shows why Cigna and Express Scripts decided to join forces in the wake of their breakups with health insurer Anthem.
The Detroit Medical Center has sold its retail and outpatient pharmacies to Walgreens Co. as part of a pharmacy reorganization. The deal encompasses seven specialty pharmacy sites and one mail-order business, Crain's has learned.
The foundation was created using the proceeds from the sale of the church's not-for-profit health plan, Fidelis Care, to publicly traded Centene Corp. for $3.75 billion.
Suburban Chicago community hospital Little Company of Mary announced the retirements of its CEO and chief financial officer, weeks after a merger with Rush health system was called off.
The not-for-profit Chicago-area health systems, which announced their courtship more than two years ago and have delayed their trip down the aisle more than once, have asked Illinois regulators for permission to merge.
EHR vendor Allscripts will integrate patient-engagement company HealthGrid's tools into its own patient-engagement platform.
While telehealth provider American Well has focused mostly on the outpatient market, its acquisition of acute-care telemedicine firm Avizia will boost its presence in hospitals.
Tenet plans to ride USPI's continued growth as it looks to reduce its hospital footprint and offload its revenue-cycle management business, Conifer Health Solutions.
Humana and two private equity firms plan to create the hospice-care giant by combining Curo Health Services and Kindred at Home.