Shakeups & Breakups

Memorial Hermann's facilities would leave the BCBSTX networks on March 1, 2022 if a new contract agreement cannot be reached.

GE plans to spin off the health-care unit by early 2023.

JPMorgan Securities is providing sell-side financial advice on the process and the company has already received first round bids.

The Murfreesboro, Tennessee-based REIT is planning to pare down its portfolio managed by Bickford Senior Living, going from 42 communities as of Sept. 30 to 35 or 36.

The decision to shut down the partnership was based on changes in strategy among the five participating systems and reductions in Medicare participation, among other factors.

Politan Capital Management, a newly established hedge fund led by veteran activist Quentin Koffey, has a roughly $900 million stake in Centene.

The move lets the hospital's operator — and the city — avoid paying tens of millions of dollars for seismic repairs at the property.

65 of 90 properties have already changed hands.

“This closure results from a combination of forces affecting the health care industry, including nationwide staffing shortages and the ongoing COVID-19 crisis,” YVM officials said.

The company will focus on expanding the acquired asset’s footprint in select markets in North Carolina and Virginia in 2022 as it paves the way for a hospice spin off to capitalize on high market valuations.