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Sentara Healthcare and Cone Health represent the latest in a series of scuttled merger proposals, but it isn t expected to slow M&A activity, industry observers said.
Sentara and Cone abandoned their plans Wednesday to build a more than $11 billion system spanning North Carolina to Virginia amidst internal opposition as well as criticism from community members and state regulators. Around a dozen proposed mergers between relatively healthy not-for-profit systems haven t closed over the past three years as doctors have protested and regulators have become increasingly wary of consolidation. I do think it s reflective of this new attitude toward consolidation in healthcare where more than ever, enforcers are suspicious of systems that are growing and skeptical of the benefits they claim they ll bring, said Ken Field, an attorney with Jones Day who works on healthcare antitrust and competition issues. It s almost as if we re starting from a position of disapproval as
Piedmont to buy 4 Georgia hospitals from HCA in $950M deal
May 3, 2021
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ATLANTA (AP) One of Georgia s largest hospital systems is seeking to get getting bigger, buying two hospitals in Macon, one in Cartersville and one in Snellville for $950 million.
Piedmont Healthcare announced the purchase Monday from HCA Healthcare. The move would give Piedmont 15 acute care hospitals statewide, as it jockeys with other major Atlanta-area health systems for size and market power.
If regulators approve, Piedmont would buy 310-bed Eastside Medical Center in Snellville, 310-bed Coliseum Medical Centers and 103-bed Coliseum Northside in Macon, and 119-bed Cartersville Medical Center. The deal also includes two inpatient psychiatric hospitals, one in Macon and one in Snellville.