Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

3 recent healthcare partnerships and transactions

The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of July 2.

1. WellSpan, Summit Health to affiliate: 3 takeaways
Summit Health, a two-hospital system in Chambersburg, Pa., and six-hospital system WellSpan Health in York, Pa., signed an affiliation agreement, WellSpan announced June 29.

2. Humana, 2 private equity firms close $4.1B Kindred sale
Humana, TPG Capital and Welsh, Carson, Anderson & Stowe completed their acquisition of Louisville, Ky.-based post-acute care provider Kindred Healthcare for $4.1 billion in cash, including assumption of debt.

3. Shuttered 128-bed California hospital sells for $33M
Los Angeles-based Pacific Alliance Medical Center, which closed last November due to costs related to retrofitting its facilities to meet the state's seismic standards, was recently purchased by a physician group for $33 million.

More articles on transactions and valuations:
Amazon's PillPack acquisition creates potential roadblock for Rite Aid-Albertsons deal
Global M&A on pace to reach record-breaking $4.8T in 2018
California hospital may reopen within 4 months under Adventist Health

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Content

Featured Webinars

Featured Whitepapers