WellCare sign denoting building

The multibillion-dollar merger between Tampa-based WellCare Health Plans and Centene Corp. closed on Thursday after meeting all regulatory requirements, the managed-care companies announced.

Aetna Deal Begins To Pay Off For CVS

Aug 8, 2019
CVS store

CVS Health swung back to a profit in the second quarter, thanks to an influx of health insurance revenue, and the company raised its 2019 forecast beyond Wall Street expectations.

CVS store

A $69 billion merger between CVS and Aetna has been approved by the Department of Justice. This will consolidate the number of prescription drug plans available to consumers in the short-term.

CVS Health is looking to create a national network of community medical clinics that will serve as "America's front door to quality health care."

That's the goal, according to a statement by CEO Larry Merlo on his company's deal for Aetna. It's an ambitious one for CVS, a company better known as a quick stop for Tylenol and a Coke.

Health insurance companies Aetna and Humana have called off their planned merger, citing a federal court ruling last month that blocked the deal.

"While we continue to believe that a combined company would create greater value for health care consumers through improved affordability and quality, the current environment makes it too challenging to continue pursuing the transaction," Aetna CEO Mark Bertolini said in a statement.

A federal judge has ruled against the proposed acquisition of the health insurance company Humana by its larger rival, Aetna.

The decision is a victory for former President Obama's Justice Department, which sued Aetna last year to block the $34 billion merger, NPR's Yuki Noguchi reported.

The suit alleged that the merger would hurt competition in the health care market, leading to higher prices for consumers and fewer services for Medicare patients.

South Florida’s Baptist Health hospital network is moving into Palm Beach County with the acquisition of two Bethesda Health hospitals in Boynton Beach, the South Florida Sun Sentinel reports.

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country's largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

Stethoscope on a pile of dollars.
Flickr Creative Commons

Florida consumers face the risk of higher insurance rates if the merger of health care giants Humana and Aetna goes through, the Tampa Bay Times reports.

A Health Management, Policy and Innovation analysis of an insurance company merger in Nevada saw consumer costs increase 14 percent, the Times reports.

Tampa General Hospital

Tampa General Hospital and Florida Hospital are partnering to build a $60-million “healthplex,” start a home care agency and offer hospice care, the Tampa Bay Times reports. 

Bert Fish Medical Center

Bert Fish Medical Center will negotiate exclusively with Florida Hospital on a merger, the Daytona Beach News-Journal reports.  A regional CEO with Florida Hospital characterized the approval from the Southeast Volusia Hospital District Board of Commissioners as the “engagement” before the marriage of the 112-bed public hospital to the larger hospital system. It’s the second time the two have tried a merger, the News-Journal reports.  

The new board of directors at Health Management Associates, Inc. has approved a merger with Community Health Systems, Inc., the Ocala Star-Banner reports. The $7.6-billion deal was announced in July, but soon after, several new members became part of the HMA board. The board unanimously approved the acquisition by CHS.