Rural Health Care Organization In Indiana, Parkview Health, To Acquire Shared Services Provider Ovation Healthcare

Parkview Health, a rural health system in Indiana, signed an agreement to acquire Ovation Healthcare, which provides shared services to hospitals, health systems, and physician practices. Financial terms were not disclosed. The transaction is expected to close in the coming weeks, subject to regulatory review and approvals.

After the transaction closes, the companies plan to combine their operations and use the Ovation Healthcare brand. Ovation will operate as a separate health care services organization with its own governing board, and Parkview Health will become its owner.

Parkview, Indiana’s largest rural health care provider organization, plans to contribute administrative and . . .