MultiPlan Inc. is merging with a special purpose acquisition company in an $11 billion deal that will take the health-care-services provider public. The company, currently owned by private-equity firm Hellman & Friedman, will merge with Churchill Capital Corp. III, a SPAC run by former Citigroup Inc. banker Michael Klein that went public in a February initial public offering, the companies said late Sunday.
If you think you’re immune to damage from a collection account on your credit report because you pay your bills on time, think again. Medical bills that you don’t know about could be hurting your credit—and the odds are not in your favor.
Universal Health Services Inc., a King of Prussia hospital operator, has reached a final agreement on its $127 million settlement of a long-running civil False Claims Act investigation of billing practices at about 30 of its psychiatric facilities, federal authorities and UHS said Friday.
Bayfront Health St. Petersburg, the city’s oldest hospital, will be sold. City Council on Thursday approved new lease terms for the facility, which is on city property. That decision clears the way for nonprofit Orlando Health to take over operations of the hospital from Community Health Systems Inc., the private company which currently owns the 480-bed hospital.