Elevance Health plans to acquire CareBridge for approximately $2.7 billion, aiming to enhance its Carelon home health business. CEO Gail Boudreaux emphasized that this acquisition will accelerate growth and improve healthcare spending management, while also integrating technology for long-term care services. Despite a recent decline in quarterly net income, Elevance is focused on investing in AI-driven solutions to enhance member and provider experiences.
The Federal Trade Commission has updated its pre-merger notification rules to enhance the detection of illegal mergers, particularly in the healthcare sector. The final rule mandates that companies provide more detailed information about their business operations and competitive landscape, addressing critical information gaps that hinder antitrust assessments. These changes aim to streamline the review process while reducing the burden on third parties involved in the merger evaluations.
Healthcare mergers and acquisitions surged in Q3 2024, with 27 deals announced, the highest since Q3 2017. Notably, four "mega mergers" involved sellers with revenues exceeding $1 billion, while total transacted revenue reached $13.3 billion, the highest in eight years. Despite financial challenges, established health systems are acquiring struggling hospitals, highlighting a trend of consolidation in the sector.
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