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For-profit health systems' selling spree continues
The Franklin, Tenn.-based Community Health Systems announced April 18 it entered into a definitive agreement to sell 351-bed Tennova Healthcare-Cleveland (Tenn.) to Hamilton Health Care System in Dalton, Ga., for $160 million in cash. -
Queens Health System to buy psychiatric hospital from Sutter
Honolulu-based Queen's Health System plans to complete its acquisition of an 88-bed psychiatric hospital from Sacramento, Calif.-based Sutter Health later this year. -
Five Key Analyses for Healthcare Financial Due Diligence
In today’s complex healthcare environment, mergers and acquisitions (M&A) are proving to be more challenging than ever, with heightened governmental regulations impacting both the operation of an entity and the purchase and sale of an entity. -
UC San Diego Health operations deal with California hospital slows to crawl
Tri-City Healthcare District in Oceanside, Calif., and UC San Diego Health are still working on plans for a joint power agreement that was expected to be completed by the end of March, The San Diego Union-Tribune reported April 21. -
Labcorp completes acquisition of Providence, Baystate outreach lab businesses
In two separate deals, Labcorp completed acquisitions of outreach laboratory businesses from Renton, Wash.-based Providence and Springfield, Mass.-based Baystate Health. -
CHS to sell Tennessee hospital
Community Health Systems is preparing to sell off a 351-bed hospital in Tennessee. -
Idaho group adds providers, ENT practice from shuttered Saltzer Health
Boise, Idaho-based Primary Health Medical Group has added multiple providers and acquired an ear, nose and throat practice from Nampa, Idaho-based Saltzer Health, a Salt Lake City-based Intermountain Health physician group that closed March 29. -
Georgia physician group joins Atrium Health Floyd
Rome, Ga.-based Harbin Clinic, a private physician group, has joined Rome, Ga.-based Atrium Health Floyd, a health system part of Charlotte, N.C.-based Advocate Health. -
Physician Practice Transactions: Headwinds & Tailwinds in 2024
Throughout VMG Health’s client base, we are privileged to work with many major players across the physician practices landscape—from solo practitioners and independent physician groups to large platform practices, private equity (PE)–backed physician practice rollups, and those affiliated with large health systems. -
Medical Properties Trust offloads 5 Steward Utah hospitals for $1B
Medical Properties Trust, one of the world's largest hospital real estate owners, has offloaded five Dallas-based Steward Health Care-operated Utah hospitals for around $1.1 billion in total cash proceeds. -
New York neurosurgeon group joins Northwell Health
Bay Shore, N.Y.-based NeuroCare Long Island, a four-person neurosurgeon group, is now part of New Hyde Park, N.Y.-based Northwell Health and will perform surgeries at Bay Shore-based South Shore University Hospital. -
Hospital M&A hits 4-year high
The first quarter of the year marks the strongest merger and acquisition activity among hospitals and health systems since 2020, according to analysis from Kaufman Hall. -
Tower to outsource 675 employees to Ensemble Health
West Reading, Pa.-based Tower Health has partnered with Cincinnati-based Ensemble Health Partners to manage the health system's revenue cycle operations. -
Pennsylvania lawmakers push state to approve UPMC-Washington Health merger
Members from the Washington County (Pa.) legislative delegation have called on Gov. Josh Shapiro to work with the state Attorney General Michelle Henry to help complete the merger between Pittsburgh-based UPMC and Washington (Pa.) Health System. -
Prime Healthcare wraps acquisition of 5 Medical Properties Trust facilities for $350M
Ontario, Calif.-based Prime Healthcare has completed a $350 million acquisition of five facilities in California and New Jersey from Medical Properties Trust, one of the world's largest hospital real estate owners. -
Kansas universities partner to support rural healthcare
Kansas City-based University of Kansas Health System and Manhattan-based Kansas State University have partnered to focus on rural healthcare through the K-State 105 initiative. -
After 3 deals, California has 7 fewer for-profit hospitals
Seven California hospitals that were owned by two of the largest for-profit health systems in the U.S. are now in the hands of nonprofit systems. -
The Queen's Health System acquires Hawaii hospital
The Queen's Health System in Honolulu has purchased Wahiawa (Hawaii) General Hospital. -
For-profit and big systems are shedding hospitals. Who is stepping up?
As the financial challenges for hospitals mount, big systems have become sellers. -
Hospital M&A volume jumps in Q1; $10B in target volume
The number of hospital and health systems mergers and acquisitions announced in the first quarter was substantially higher than the same period in 2023, according to an April 1 report by Cain Brothers, a division of Key Banc Capital Markets.
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