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20 mergers and acquisitions making headlines in October
Here is a summary of hospital and healthcare merger and acquisition-related transactions from October: -
UC San Diego Health to assume operations of community hospital
Tri-City Healthcare District has selected UC San Diego Health as its future healthcare partner, with the two organizations developing a joint powers agreement. -
U of Iowa Health to purchase Mercy Iowa City
Having originally failed in its bid to buy Mercy Iowa City hospital, the University of Iowa Health system is now set to take over the bankrupt facility. -
Catholic system, Singing River call off negotiations
Ocean Springs, Miss.-based Singing River Health System is back on the market after negotiations around its planned sale to Franciscan Missionaries of Our Lady Health System, a 10-hospital system, broke down, SuperTalk Mississippi Media reported Oct. 25. -
Hospital exploring Pennsylvania alliance affiliation
Kittanning, Pa.-based Armstrong County Memorial Hospital is weighing whether to become part of the Pennsylvania Mountains Care Network, a collaborative of independent community hospitals, the Pittsburgh Post-Gazette reported Oct. 26. -
Mercy Iowa City's sale delay harming community, orthopedic group says
Stalling by Mercy Iowa City hospital authorities over the facility's sale is causing employees to leave and patients to cancel procedures, according to the orthopedic group operating at the bankrupt hospital in an Oct. 25 report from The Gazette. -
6 notes on Risant Health 6 months later
It has been six months since Oakland, Calif.-based Risant Health agreed to acquire Danville, Pa.-based Geisinger Health to launch Risant Health. -
Yale New Haven resumes talks with state on 3-hospital Prospect deal
Yale New Haven (Conn.) Health has resumed negotiations with Connecticut officials about a proposed deal for the system to acquire three hospitals from Prospect Medical Holdings, the Connecticut Mirror reported Oct. 25. -
Ascension hospitals transferring to Henry Ford have $3.4B annual revenues
The Ascension-owned Michigan hospitals transferring to Detroit-based Henry Ford Health had a total revenue of $3.4 billion in fiscal 2023 and operated at a loss, according to an Oct. 25 filing detailing the proposed transaction. -
Sustained losses could threaten Mercy Iowa City purchase
Auction-winning bondholder Preston Hollow Community Capital says Mercy Iowa City hospital is handing over obligations to fund continued operating losses in a way that has caused an impasse in any eventual sale of the facility, according to an Oct. 25 report from The Gazette. -
Hospital execs still eyeing M&A opportunities
In a declining healthcare merger and acquisition market, hospital CFOs said that they are still monitoring opportunities to expand access to care but are remaining cautious. -
UPMC edges closer to Pennsylvania health system merger
Pittsburgh-based UPMC said it has entered into an integration and affiliation agreement with Washington (Pa.) Health System, according to an Oct. 23 filing. -
MercyOne emerging as key revenue driver for Trinity Health
Trinity Health may initially be losing money on the September 2022 acquisition of MercyOne, but the 16-medical-center network is fast becoming a key revenue source for the Livonia, Mich.-based health system, COO Ben Carter told investors. -
HCA has 'some work to do' to recover trust ahead of New Hampshire merger
The proposed acquisition by HCA Healthcare of Manchester, N.H.-based Catholic Medical Center will "merit a lot of close scrutiny," according to New Hampshire Attorney General John Formella in an Oct. 23 Maine Public Radio report. -
Why did the Presbyterian/UnityPoint merger really break down? Questions remain
When the two CEOs sat down in early March with Becker's to discuss the merits of the proposed $11 billion merger between Presbyterian Healthcare Services and UnityPoint Health, there was a lot of positivity in the air. -
Mercy Iowa City reaches impasse over final sale terms with auction winner
Bankrupt Mercy Iowa City hospital said it has reached an impasse to resolve a disagreement with the successful bidder for the 234-bed facility. -
U of Kansas Health, Liberty Hospital aim to partner
Liberty (Mo.) Hospital's board on Oct. 19 voted to pursue a partnership with the University of Kansas Health System in Kansas City. -
Salem Health acquires orthopedic group
Salem (Ore.) Health has acquired Hope Orthopedics, a Salem-based group, effective Sept 29, and hired most of its physicians and employees, according to the Salem Reporter. -
Baptist Memorial, Anderson Regional to form 24-hospital system
Two faith-based health systems, Memphis, Tenn.-based Baptist Memorial Health Care and Meridian, Miss.-based Anderson Regional Health System, plan to merge into a 24-hospital system in January. -
Henry Ford, Ascension Michigan to form JV: 10 things to know
Henry Ford Health and Ascension Michigan are entering a joint venture, in which Henry Ford would essentially fold Ascension's sites of care in the southeastern region of the state under its brand.
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