Des Moines, Iowa-based UnityPoint Health and Albuquerque, New Mexico-based Presbyterian Healthcare Services are no longer working toward a merger, the systems announced.
The cross-market deal, first announced back in March, would have yielded a 48-hospital system with about $11 billion in annual revenue.
The announcement did not specify why the organizations called off the deal, though Maxwell told the Albuquerque Journal that regulatory approvals didn’t play a role in the decision, Fierce Healthcare reports.
Concurrent with deal’s unraveling came reports that UnityPoint’s president and CEO, Clay Holderman, has departed is leaving the organization. Scott Kizer, previously president and chief legal officer, has reportedly stepped into the gap and is listed on UnityPoint’s website as the current top executive. Read more.
