Issue link: https://beckershealthcare.uberflip.com/i/1412867
60 HEALTHCARE NEWS Primary care group buys Miami's University Health Care for $600M By Alia Paavola M iami-based Cano Health, a primary care provider for seniors and underserved communities, acquired Miami- based University Health Care for $600 million, the organi- zation said June 14. The deal, financed through cash on hand and a common equity is- sued to University's shareholders, includes $540 million in cash and $60 million in equity. Cano Health, backed by billionaire Barry Sternlicht, operates value- based primary care centers and supports affiliated medical practices that support primary care for seniors in Florida, Texas, Nevada and Puerto Rico. University Health Care has been providing comprehen- sive primary care in Florida for 25 years. The deal will grow Cano's presence in Florida, which will expand to 13 University Health Care facilities and add more than 300 staff and affiliate providers. "This transaction is a significant step forward for Cano Health and our patients, as it will allow us to bring our brand of affordable, high quality primary care to more patients in the Florida market and ac- celerate Cano Health's profitable growth," said Marlow Hernandez, MD, co-founder, chair and CEO of Cano Health. "University is a pre- mier provider of value-based care, and we are thrilled to welcome the world-class University team to the Cano Health family." n Walmart Health files plans to expand virtual care into 16 more states By Alia Paavola W almart Health's primary care medical group has filed pa- perwork to expand virtual care in 16 more states, Insider reported June 7. Walmart told Insider the filings are related to the retail giant's telehealth push, not for its physical primary care clinics. Walmart Health's deal to buy virtual care provider MeMD, announced in May, is pending. "We've expressed our interest in offering telehealth via an acquisi- tion that is pending regulatory clearance, and these filings are re- lated to that effort, not physical Walmart Health locations," a spokes- person told Insider. In April, Walmart's primary care group, MC Medical, registered to operate in 14 states: Alaska, Delaware, Hawaii, Kentucky, Louisiana, Mississippi, Missouri, Montana, New Hampshire, Ohio, Pennsylvania, South Carolina, Tennessee and Vermont. In May, MC Medical added Texas and Washington to the list, according to Insider. In contrast, Walmart's physical clinic locations are located in Arkan- sas, Georgia and Illinois, and it has plans to expand into Florida this year, according to the report. n 10 best, worst states for healthcare of people over 65 By Kelly Gooch M innesota is the best state for elderly health- care, and Oklahoma is the worst, according to an analysis by MedicareGuide, an insur- ance technology company. To determine states with the best and worst health- care for adults older than 65, analysts examined cost, access and quality in the 50 states and Washington, D.C., using 24 metrics ranging from prescription drug prices per capita to cancer mortality rate. Each metric was graded on a 100-point scale, with 100 being the best elderly healthcare at the most affordable cost. Analysts then determined each state's weighted aver- age across all metrics to calculate its overall score. Here are the 10 best states for healthcare of older adults, based on the analysis: 1. Minnesota 2. North Dakota 3. Massachusetts 4. California 5. Nebraska 6. Hawaii 7. Montana 8. Colorado 9. Iowa 10. Connecticut Here are the 10 worst states for healthcare of older adults, based on the analysis: 1. Oklahoma 2. Georgia 3. Washington, D.C. 4. Mississippi 5. Louisiana 6. West Virginia 7. North Carolina 8. Alabama 9. Tennessee 10. South Carolina n