February 16, 2023
M&A | Tea Leaves
  • CommonSpirit Health, a Chicago-based nonprofit system, is buying five hospitals to extend its western U.S. footprint, despite a challenging operating environment that continues to weigh on the health care industry. CommonSpirit said on Wednesday it will acquire Steward Health Care’s Utah locations, which include¬†more than 35 clinics and five hospitals for an undisclosed amount. (Article here)
  • Elevance Health has added specialty pharmacy BioPlus to its portfolio of businesses,. BioPlus will operate as part of CarelonRx, Elevance Health’s pharmacy benefit manager.. BioPlus provides specialty pharmacy services to patients with chronic conditions, including cancer, multiple sclerosis and hepatitis C, and covers more than 100 limited-distribution drugs, according to Elevance Health. (Articles here, here, and here)