Shares of health-care companies rose amid further merger intrigue.
Two major hospital systems are in talks about a possible merger that would create the largest U.S. owner of hospitals, as a series of deals shape up to further consolidate control of the health-care landscape. Two of the largest hospital chains in the U.S., Ascension and Providence St. Joseph Health, both nonprofits, have entered negotiations on a potential merger that would create the largest chai, according to people familiar with the discussions. A deal would create an entity with 191 hospitals in 27 states and annual revenue of $44.8 billion, substantially larger than the current market leader, HCA Healthcare, The Wall Street Journal reported.
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(END) Dow Jones Newswires
December 11, 2017 16:33 ET (21:33 GMT)