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July 19, 2018

GPO News
  • Vizient Inc applauds FDA's Biosimilar Action Plan
  • Manufacturer News
  • B. Braun to acquire bloodlines business of NxStage Medical Inc
  • GE, Lagos state government sign agreement on power, healthcare, skills development
  • Hospital and IDN News
  • CHS to sell Sparks Health System to Baptist Health
  • UnitedHealth explores acquisition of Tenet's Conifer business
  • Regional Health CEO resigns more than a year after 95 physicians call for his removal
  • Avera Health COO to retire at the end of July
  • GPO News
    Vizient Inc applauds FDA's Biosimilar Action Plan
    "Vizient Inc enthusiastically supports the US Food and Drug Administration’s (FDA) newly unveiled 11-part Biosimilar Action Plan (BAP). Vizient has long been a vocal proponent of biosimilar approval, adoption and use and continues to provide education to encourage understanding of this developing market.
    "Vizient endorses the FDA’s actions and agrees with its statement that patients “are the primary beneficiaries of this virtuous cycle of innovation and competition” that has been realized via the generic approval process and is now starting to..." (click here to read the full statment)
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    Manufacturer News
    B. Braun to acquire bloodlines business of NxStage Medical Inc
    B. Braun Medical Inc. (Bethlehem, PA) signed an agreement to acquire the bloodlines business operated under the Medisystems name by NxStage Medical Inc (Lawrence, MA), a medical technology company. This acquisition will allow B. Braun to more broadly promote Streamline’s benefits as part of the company’s transformative system of products, which includes the Dialog hemodialysis machine and the Diacap PRO dialyzer. The acquisition is subject to FTC approval and contingent upon the closing of the pending merger of NxStage with a subsidiary of Fresenius Medical Holdings Inc. The B. Braun acquisition of the bloodlines business is expected to take place in 2018.
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    GE, Lagos state government sign agreement on power, healthcare, skills development
    GE the Lagos State Government (Nigeria) have agreed to pool their resources for the development of critical infrastructure in the state in the areas of Power, Healthcare, and Skills Development. The agreement aims to record areas of mutual interest and participation between both parties, streamline the relationship and set out the terms and conditions of collaboration. Under the healthcare sector, GE will focus on working with the state government to upgrade primary, secondary, and tertiary healthcare centers across the state whilst developing an efficient financing solution that will help Primary Healthcare SMEs get much needed access to funding. There will also be a strong focus on capacity development through several clinical, biomedical and leadership training programs for health workers in Lagos state.
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    Hospital and IDN News
    CHS to sell Sparks Health System to Baptist Health
    Community Health Systems Inc (CHS) (Franklin, TN) announced that subsidiaries of the company have signed a definitive agreement to sell the two-hospital Sparks Health System and related businesses, including physician clinic operations and outpatient services, to Baptist Health (Little Rock, AR). The transaction is expected to close in Q4 2018, subject to customary regulatory approvals and closing conditions. When the transaction is complete, CHS affiliates will continue to operate six hospitals in Arkansas. Both the 492-bed Sparks Regional Medical Center (Ft. Smith, AR) and the 103-bed Sparks Medical Center (Van Buren, AR) are among the additional planned divestitures discussed on the company’s Q1 2018 earnings call.
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    UnitedHealth explores acquisition of Tenet's Conifer business
    UnitedHealth Group (Minnetonka, MN) is reportedly one of the companies exploring an acquisition of Tenet Healthcare's (Dallas, TX) healthcare management subsidiary, Conifer Health Solutions. In 2017, Tenet enlisted financial and legal advisers to explore the potential sale of Conifer, which provides medical billing and care management services to hospitals and physician practices. Tenet may ultimately decide not to sell Conifer, which accounted for about 8% of Tenet's revenue in 2017. If it enters into a deal, analysts have estimated Tenet could value Conifer at $2 billion or more, according to The Wall Street Journal.
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    Regional Health CEO resigns more than a year after 95 physicians call for his removal
    Regional Health (Rapid City, SD) CEO Brent Phillips stepped down from his role, effective immediately, due to a personnel issue. The Regional Health board of directors named Paulette Davidson, Regional Health's COO, as acting president and CEO of Regional Health. The decision comes after the board expressed "full confidence" in Phillips in April 2017 after 95 physicians at Rapid City Regional Hospital called for his removal. The physicians made several complaints against Phillips' management style and raised concerns about perceived misallocation of hospital resources. At the time, the board fully endorsed and supported Phillips, who had been president and CEO of the health system since January 2015.
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    Avera Health COO to retire at the end of July
    Avera Health (Sioux Falls, SD) COO Fred Slunecka is retiring July 27. Slunecka became COO of the health system in 2010. He has worked for Avera for 36 years, previously serving as regional president of Avera McKennan Hospital & University Health Center (Sioux Falls). David Flicek, president and CEO of Avera McKennan and chief administrative officer of Avera Medical Group, will assume Slunecka's COO duties during the search for a permanent successor.
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