Amsurg Corp., the operator of 242 U.S. ambulatory surgery centers, agreed to buy Sheridan Healthcare for $2.35 billion to add the country’s biggest provider of anesthesia services. Amsurg shares soared.
Kindred Healthcare Inc., a provider of long-term medical care, made an unsolicited offer to buy Gentiva Health Services Inc. for about $533 million in a cash- and-stock deal that would expand services for an aging U.S. population.
UnitedHealth Group Inc., the biggest U.S. health insurer, said profit fell 7.8 percent, hurt by cuts to its Medicare Advantage program for elderly and disabled Americans. The shares declined the most in six months.
Health insurers under pressure to keep premiums low are eliminating some hospitals from coverage in a cost-cutting strategy that threatens to freeze out centers that provide specialized care, limiting patient options.
Community Health Systems Inc. ’s unsolicited $3.3 billion offer for Tenet Healthcare Corp . may prompt rival suitors as it seeks to become the largest U.S. hospital operator. Tenet’s shares rose 55 percent.
Amedisys Inc., Gentiva Health Services Inc. and other in-home health-care providers tumbled in New York trading after the U.S. Medicare program announced plans to cut company payments by 1.5 percent on average in 2014.