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PE firm inks 11-hospital real estate deal for $859M
Australian private equity firm HMC Capital has inked a $859 million deal to acquire 11 U.S. hospital properties from Birmingham, Ala.-based Medical Properties Trust, the Financial Review reported March 29. -
CVS Health closes Signify acquisition
CVS Health has completed its $8 billion acquisition of Signify Health, adding more than 10,000 clinicians to its network, the companies announced March 29. -
Pennsylvania health system said to be pondering merger
Washington (Pa.) Health System — one of only three independent health systems in the Pittsburgh area — may be considering a merger, the Pittsburgh Post-Gazette reported March 28. -
Mercy inks deal to operate 17th critical access hospital
St. Louis-based Mercy has finalized a lease agreement to operate and manage the county-owned Perry County Memorial Hospital in Perryville, Mo., with the organizations expected to integrate this fall. -
Insight acquires Iowa hospital that closed Oct. 1
Flint, Mich.-based Insight, a health network that includes two hospitals and multiple ASCs, has completed the acquisition of Blessing Health Keokuk (Iowa), which closed Oct. 1, according to ABC affiliate KHQA. -
10-hospital Catholic system to acquire Singing River Health System
Baton Rouge, La.-based Franciscan Missionaries of Our Lady Health System will work with the Jackson County Board of Supervisors to acquire Singing River Health System, which has hospitals in Ocean Springs, Pascagoula and Gulfport, Miss. -
CVS to close Signify Health deal this week
CVS Health plans to complete its $8 billion acquisition of Signify Health this week, closing out a definitive agreement reached in September 2022, the companies announced March 27. -
Texas hospital district to sell former hospital to highest bidder
The Jasper (Texas) Hospital District board voted to sell the former Dickerson Memorial Hospital and its associated properties, kjas.com reported March 22. -
Talks approved for U of Tennessee Medical Center to explore Blount Memorial takeover
The Blount County (Tenn.) Commissioners approved a resolution, 11 to 5, that will allow Mayor Ed Mitchell to enter talks with Knoxville-based University of Tennessee Medical Center concerning the future of Blount Memorial Hospital, NBC affiliate WBIR reported March 22. -
Illinois system that closed hospital discussing sale to 'larger health system,' CEO says
Spring Valley, Ill.-based St. Margaret's Health is in talks with a larger health system about a potential sale and has hired investment bankers to ensure it gets the most value out of a possible deal, Shaw Local News Network reported March 21. -
Private equity in healthcare a mixed bag, Harvard Business Review says
A Harvard Business Review analysis of 42 hospital-leveraged buyouts from 2003 to 2017 urged policy discussions on private equity in healthcare to move beyond a "good" or "bad" framing. -
Hospital M&A can help expand and protect care, AHA says
As hospitals deal with the financial fallout of the COVID-19 pandemic, some are exploring mergers with bigger systems, a move that the American Hospital Association says can "expand and preserve access to care. -
Atlantic Health acquires 11-location practice
Morristown, N.J.-based Atlantic Health System has acquired Thompson Healthcare & Sports Medicine, which has more than 75 providers at 11 locations across central and southern New Jersey. -
California billboards denounce hospital mergers
Billboards along California roadways are calling for more oversight of healthcare mergers, the Public News Service reported March 14. -
Covenant Health scraps health system acquisition
Tewksbury, Mass.-based Covenant Health has called off its plan to acquire Day Kimball Healthcare, a health system based in Putnam, Conn., The Connecticut News Project reported March 14. -
3-hospital system for sale receives multiple bids
Multiple proposals have been submitted by companies seeking to buy Singing River Health System, with the Jackson County Board of Supervisors setting a deadline of April 14 to select the best bid and begin negotiations with that group, according to the Sun Herald. -
SUNY Upstate spent $10M on consultants amid failed merger: Report
Syracuse, N.Y.-based SUNY Upstate University Hospital spent $10 million bringing in outside consultants to advise on the now-failed merger with Syracuse-based Crouse Health, syracuse.com reported March 13. -
Public has until end of March to comment on planned Parkview acquisition by UCHealth
The planned acquisition of Pueblo, Colo.-based Parkview Health System by UCHealth is now entering the public comment stage with a deadline for such comments of March 31, the Pagosa Daily Post reported March 13. -
UPMC completes acquisition of Ireland hospital
Pittsburgh-based UPMC has completed the acquisition of Sports Surgery Clinic, an independent hospital specializing in orthopedic surgery in Dublin, Ireland. -
Minnesota attorney general issues subpoenas as Sanford-Fairview merger talks inch forward
Minnesota Attorney General Keith Ellison has issued subpoenas to Sioux Falls, S.D.-based Sanford Health, its CEO Bill Gassen confirmed at a March 8 state Senate hearing. Mr. Ellison's investigation into Sanford's proposed merger with Minneapolis-based Fairview Health Services has entered a new phase — one that requires sworn statements from certain individuals involved, MPR News reported.
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