March 3, 2023
M&A | Tea Leaves
  • Iowa-based UnityPoint Health and New Mexico-based Presbyterian Healthcare Services announced Thursday that they have signed a letter of intent “to explore the formation of a new health care organization,” a merge that would create an organization with roughly $11 billion in annual revenue.The combined nonprofit organization would have 48 hospitals, a health insurance plan offered through Presbyterian, and 40,000 employees. The deal represents the latest consolidation play connecting cross-state health systems in an effort to spread the costs related to managing technology, purchasing supplies, and workforce recruitment over a broader organization. (Articles here and here)