Justice Dept. Delays Ruling, Asks For More Info On Aetna-Humana Merger
Meanwhile, Modern Healthcare reports on Aetna's plans for its acquisition of Humana. In other news, Universal Health Services has agreed to buy Foundations Recovery Network.
The Wall Street Journal:
Justice Department Delays Ruling On Aetna-Humana Merger
Federal authorities reviewing the proposed Aetna- Humana merger have asked for more information, pushing back the deadline to rule on the deal. On Friday, the day the deadline was to expire, the companies said they had received a second request for information from the Justice Department. (Armental, 9/18)
Modern Healthcare:
Aetna Wants To Build Optum-Like Unit From Humana Deal
Medicare Advantage is the obvious prize Aetna has been eyeing in its acquisition of Humana. But Aetna also hopes to create a health services division with Humana's other assets. It's a sign that even the largest health insurance companies realize they must do more than just sell health insurance if they want to remain at the top of the food chain in the long term. UnitedHealth Group has embraced this model through its Optum subsidiary. (Herman, 9/18)
The Wall Street Journal:
Universal Health To Buy Addiction-Treatment Network
Hospital company Universal Health Services Inc. said Friday that it has agreed to buy privately-held Foundations Recovery Network LLC for about $350 million, adding a network of addiction-treatment centers to its portfolio. The transaction has been approved by the Federal Trade Commission and United Health expects to complete the deal in the coming weeks. (Beilfuss, 9/18)
The Associated Press:
Universal Health Services Buying Foundations For $350M
Universal Health Services, one of the largest hospital operators in the U.S., said Friday it will buy addiction treatment facility company Foundations Recovery Network for $350 million. Foundations provides treatment for adults who have both addiction and mental health disorders. It has two facilities in California, one in Northern Georgia and one in Memphis, Tennessee, along with eight outpatient centers. (9/18)