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
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