Connecticut's Office of Health Strategy approved a merger between Northwell Health, a large New York-based health system, and Nuvance Health, which owns Danbury, Norwalk, Sharon and New Milford hospitals in Connecticut, as well as three hospitals in New York. The two systems now have to complete the step of formally joining the entities together under the Northwell Health banner. Northwell isn't directly paying to buy the Nuvance Hospitals, per se, resulting in a technical purchase price of $0. Instead, the New York-based health system has agreed to invest $1 billion in Nuvance's Connecticut and New York hospitals over the next five years, with annual reporting on the progress of those investments.
The deadline imposed by Crozer Health parent company Prospect Medical Holdings for some entity to provide $9 million more to keep Crozer afloat appeared to pass quietly on Wednesday. That deadline was set Tuesday during a federal bankruptcy court hearing by the attorney representing Prospect at those proceedings.
Indiana-based Beacon Health System has reached a definitive agreement to acquire the Ascension health care system in Southwest Michigan. The agreement, expected to close this summer, includes the acquisition of four hospitals, 35 outpatient clinics and an ambulatory surgery center. The hospitals being acquired are: Ascension Borgess Hospital in Kalamazoo; Ascension Borgess Allegan Hospital; Ascension Borgess-Lee Hospital in Dowagiac; and Ascension Borgess-Pipp Hospital in Plainwell.
Attorney General Pam Bondi announced on Tuesday that she will be directing prosecutors at DOJ to seek the death penalty for Luigi Mangione, the man who allegedly gunned down UnitedHealthcare CEO Brian Thompson last year.
NYU Langone Health on Monday named Dr. Alec Kimmelman as its next CEO and dean of New York University's Grossman School of Medicine. Kimmelman, who has been leading NYU Langone's Laura and Isaac Perlmutter Cancer Center since 2023, will step into his new role on Sep. 1, succeeding Dr. Robert Grossman, who is retiring after 18 years at the helm of the hospital.
Oregon Health & Science University's plan to acquire its financially distressed rival, Legacy Health, reflects a broader national trend: hospitals merging to stay competitive.