Nashville, Tenn.-based HCA Healthcare doesn’t plan any significant changes to its market footprint, but the system will be “opportunistic” if acquisition opportunities emerge, CEO Sam Hazen said. Mr. Hazen discussed the system’s market strategy during HCA’s Oct. 27 third-quarter earnings…
Transactions & Valuation Issues
Private equity–backed physician management platforms (PPMs) are entering a new chapter. As sponsor-to-sponsor transactions slow and hold periods lengthen, strategic health systems may be an increasingly viable—albeit complex—exit option. Selling to a health system is fundamentally different from selling to…
On Oct. 26, Cincinnati-based Bon Secours Mercy Health agreed to acquire Brentwood, Tenn.-based Surgery Partners through its affiliate HealthSpan Partners in a take-private deal valued at about $5.7 billion including debt. The transaction would add more than 200 ASCs, surgical…
New York City-based Redesign Health and ARC Global, the innovation platform founded at Sheba Medical Center in Israel, plan to merge to create a broader health system-focused innovation platform. The combined organization will work with health systems to develop, deploy…
HealthSpan Partners, an affiliate of Cincinnati-based Bon Secours Mercy Health, signed a definitive agreement Oct. 26 to acquire Brentwood, Tenn.-based Surgery Partners. The all-cash deal values Surgery Partners at about $5.7 billion including debt, according to a news release shared…
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Nonprofit health systems will increasingly pursue mergers and acquisitions with partners they already know, rather than large, transformational deals with unfamiliar organizations, according to Moody’s “Healthcare Quarterly” report published Oct. 21. The report, shared with Becker’s, also found that for-profit…
Integris Health agreed to become part of Kaiser Permanente’s Risant Health, and Hackensack Meridian Health signed a definitive agreement to add Hunterdon Health. Here are three hospital M&A moves that Becker’s reported during the week of Oct. 19: 1. Oklahoma…
Greensboro, N.C.-based Cone Health plans to acquire three pharmacy businesses in Reidsville, N.C., expanding its retail pharmacy footprint and adding long-term care pharmacy services. The agreement includes Carolina Apothecary, Belmont Pharmacy and Rx Care, which have served Rockingham County residents…
After a brief post-pandemic lull, hospital consolidation is accelerating again, with large health systems expanding across state lines, absorbing independent hospitals and reshaping regional care markets. From portfolio resets and strategic exits to cross-market mergers and billion-dollar investments, these moves…
Horizon Blue Cross Blue Shield of New Jersey has agreed to acquire multispecialty physician group Summit Health’s New Jersey operations, including CityMD urgent care sites in the state, the insurer confirmed to Becker’s. “We are excited by the opportunity to…