Parkview Health completes acquisition of Ovation Healthcare to scale shared operational services and support rural hospitals nationwide

FORT WAYNE, Ind. - Nov. 9, 2026 - Parkview Health has finalized its acquisition of Ovation Healthcare, completing a strategic transaction that creates a premier nationwide shared-services platform designed to strengthen community providers and improve healthcare affordability.

As the largest rural healthcare provider in Indiana, this acquisition is part of Parkview's broader strategy to protect access and build sustainable operational efficiency that improves affordability. The acquisition scales proven shared services, specifically revenue cycle management and information services, to lower administrative overhead and direct maximum resources into clinical care. Through its acquisition of Ovation, Parkview brings its operational depth to a network spanning 48 states, directly addressing critical resource gaps in rural healthcare and giving community hospitals the shared scale and infrastructure they need to remain solvent and open.

"Completing this transaction enables us to deploy proven operational solutions at a national scale," said Rick Henvey, CEO of Parkview Health. "Across rural America, community providers are confronting severe economic pressures and resource constraints that threaten local healthcare access. By uniting our operating capabilities with Ovation's expansive platform, we are delivering the shared infrastructure community hospitals require to stay open, while creating administrative efficiencies that reinforce our commitment to lower costs for the patients and families we serve locally."

The transaction accelerates Parkview's expanding shared services capabilities, building directly upon the successful launch of UpVia Health, which was created in 2025 to deliver operational support and back-office solutions to independent hospitals. UpVia and Ovation will unite their complementary operations under the Ovation Healthcare brand, extending that model to community healthcare systems nationwide.

"Finalizing this partnership opens an exciting new chapter for our client partners and the communities they serve," said Dr. Dwayne Gunter, CEO of Ovation Healthcare. "Ovation has spent decades dedicated to strengthening community healthcare through shared services. Combining our national reach with Parkview's operational depth provides community and rural hospitals with the administrative scale and specialized resources needed to maintain local decision autonomy, remain financially viable and deliver essential care close to home."

Building on Parkview's track record of reducing commercial reimbursement rates by more than $1.1 billion over the past five years and statewide cost reduction targets to lower commercial rates, this commercial platform reinforces the health system's commitment to lowering the cost of care locally while preserving essential healthcare access across the country. Operating sustainably in a lower-reimbursement environment requires continuous innovation.

"Sustainable healthcare delivery requires modernizing operations and rethinking how health systems achieve operational efficiency," said Rich Church, chief strategy officer at Parkview Health and executive chair at Ovation. "Parkview's acquisition of Ovation scales critical capabilities in revenue cycle management and information services to create meaningful administrative efficiencies. This platform directly reinforces our commitment to aggressive cost reductions while providing an essential operational foundation for community hospitals across the country."

For patients in Indiana and Ohio, Parkview's patient care delivery, billing practices and financial assistance policies remain unchanged.

Ovation Healthcare will continue to operate as an independent national organization with its own governing board, distinct mission and operational model.

About Parkview Health

Parkview Health is a nonprofit, community-focused health system serving Indiana and northwest Ohio with a mission to improve health and inspire well-being. Based in Fort Wayne, Parkview is northeast Indiana's largest employer with more than 20,000 co-workers.

Parkview Health includes 16 hospitals and an extensive network of primary care and specialty care physicians. The health system is making significant investments to expand access to care, including plans to build a new hospital in West Lafayette, expand services in Grant County, and strengthen partnerships with Riverview Health, Goshen Health and Witham Health Services.

At the same time, Parkview demonstrates leadership in addressing healthcare affordability, renegotiating contracts with major insurers to deliver more than $1.1 billion in hospital rate reductions through 2025 and securing a new long-term agreement with Anthem that extends reduced rates through 2029. In 2025, Parkview introduced Signature Care EPO+, a direct-to-employer health plan that can save employers up to 25% compared to commercial insurance. In the state's first review of employer-direct arrangements, Parkview's rates fell well below required benchmarks - reinforcing the health system's focus on high-quality, lower-cost care.

Parkview consistently earns multiple "A" Hospital Safety Grades from The Leapfrog Group, is ranked among Indiana's Best Hospitals by U.S. News & World Report, recognized by The Chartis Center for Rural Health, and received the Excellence in Patient Experience Award from NRC Health in 2026.

About Ovation Healthcare

Headquartered in Brentwood, Tennessee, Ovation Healthcare partners with more than 500 healthcare organizations across 48 states, from critical access hospitals to large health systems. For nearly 50 years, Ovation has strengthened community healthcare through a portfolio of shared services, including Leadership Advisory, Spend Management, Revenue Cycle Management and Technology Services, designed to provide scale and improve the operational and financial performance of hospitals and health systems. To learn more, visit OvationHC.com.