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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
Akron Extra Blog: By the end of 2021, the organization expects to have restored 60 homes in 48 months, offering residents affordable housing. Plus, your vote could help Boss Park win a grant, United Way's 211 program gets a boost, and more.
The Well CDC Set to Rehab and Restore 60 Homes in 48 Months, a Year Ahead of Schedule
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AKRON, Ohio, May 25, 2021 /PRNewswire/ Blending deep community partnership with intentional strategic initiatives and national philanthropic and placemaking funding support, The Well CDC, located in the heart of the Middlebury community in Akron, OH, has become a beacon for collective redevelopment in the United States, thanks to its largest initiative designed to restore housing.
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Once a thriving city hub, Middlebury saw local industry disintegrate, which led to a steady decline in population, high unemployment rates, and concentrated poverty. Middlebury became one of many case studies for rust belt neighborhoods that have suffered from sustained disinvestment.