Providence CEO Rod Hochman declared "old-school M&A is dead," emphasizing a shift away from traditional hospital acquisitions. Instead, Providence is focusing on collaboration and transformation, exemplified by its role in Longitude Health, a partnership aimed at addressing key healthcare challenges. The health system is also expanding into ambulatory care and enhancing revenue cycle management through strategic partnerships.
The University of Alabama at Birmingham Health System Authority has completed a $450 million acquisition of Ascension St. Vincent's Health System, adding five hospitals to its network. This strategic move enhances UAB Health's capacity and reach in the healthcare sector.
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