1. CHS to sell additional hospitals worth $2B in revenue
Franklin, Tenn.-based Community Health Systems completed its 30-hospital divestiture plan Nov. 1. Company leaders revealed they expect to sell another group of its hospitals with combined revenue of $2 billion.
2. HCA bids $415M to purchase Indian River Medical Center
Nashville, Tenn.-based HCA Healthcare bid $415 million to purchase Vero Beach, Fla.-based Indian River Medical Center, the highest of eight bids to acquire the hospital.
3. CHS divests Florida hospital to HCA
Franklin, Tenn.-based Community Health Systems completed the sale of Highlands Regional Medical Center, a 126-bed hospital in Sebring, Fla., to Nashville, Tenn.-based HCA Healthcare.
4. 12 recent hospital transactions and partnerships
A list of healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of Nov. 6.
5. Advisory Board finalizes $1.3B deal with UnitedHealth’s Optum
Advisory Board shareholders approved a deal to sell the company’s healthcare division to Minnetonka, Minn.-based UnitedHealth Group’s Optum arm for $1.3 billion.
More articles on transactions and valuations:
McLaren Health Care to integrate Huron Medical Center
BJC HealthCare petitions to become sole owner of 2 Illinois hospitals
Virginia community’s sole medical facility set to close in December
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