Columbia/HCA and Value Health Announce $1.3 Billion Merger

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News On January 15, 1997, Columbia/HCA Healthcare Corporation, Nashville, Tennessee, and Value Health, Inc., Avon, Connecticut, announced their plans to merge. The $1.3 billion transaction is expected to be completed in mid-1997. Under the proposed merger, Columbia will absorb Value Health's four business units: Value Behavioral Health, the nation's largest provider of managed behavioral health, which has more than 20 million members in private and public sector companies ValueRx, the largest U.S. independent pharmacy benefit management company. The division accounts for 80% of . . .