Healthcare DIVE August 19, 2021
Dive Brief:
- Two Midwest healthcare organizations, Minnesota-based Medica and SSM Health, are launching a joint venture, the companies confirmed to Healthcare Dive following a Wednesday announcement.
- Medica, a nonprofit insurer, will invest an undisclosed sum in Dean Health Plan, a subsidiary of St. Louis-based SSM Health — one of the nation’s largest nonprofit health systems — to enhance services and products.
- The two will retain their separate brand identities and the agreement is expected to be finalized during the fourth quarter pending regulatory approvals.
Dive Insight:
Healthcare consolidation has continued at a steady pace even amid the volatility spurred by the COVID-19 pandemic.
Analysts expect hospitals, both for-profit and nonprofit, to continue M&A at a robust...
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