Major health systems are shedding hospitals and funneling the proceeds into ASCs. Tenet, Ascension and Community Health Systems have collectively divested dozens of hospitals in recent years, redirecting billions toward outpatient growth. Tenet Healthcare Dallas-based Tenet Healthcare offers perhaps the…
Transactions & Valuation Issues
Quorum Health, a for-profit system headquartered in Brentwood, Tenn., has signed a definitive agreement with nonprofit health system Healthside Partners to transition Quorum into a nonprofit organization spanning 11 hospitals across nine states. With the transition, Quorum plans to expand…
Sacramento, Calif.-based Sutter Health and Minneapolis-based Allina Health have signed a definitive agreement formalizing plans to create a combined nonprofit health system spanning California, Minnesota and Wisconsin. Six things to know: 1. The transaction would create a system with 39…
Vancouver, Wash.-based PeaceHealth and Eugene (Ore.) Emergency Physicians have reached a three-year agreement for several PeaceHealth hospitals in the region after months of controversy surrounding its emergency department staffing contract. According to a news release shared with Becker’s May 20,…
New York City-based Maimonides Health warned in a May 14 financial filing that there is substantial doubt about its ability to continue operating within the next year amid ongoing financial pressures. “The medical center’s expenses continue to grow due to…
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From Community Health Systems closing a deal that saw it exit Pennsylvania, to Prime Healthcare acquiring its 55th hospital, here are 16 hospital mergers and acquisitions completed in 2026: 1. Ontario, Calif.-based Prime Healthcare completed its acquisition of Franciscan Health…
Ontario, Calif.-based Prime Healthcare has completed its acquisition of Franciscan Health Olympia Fields (Ill.), a Prime spokesperson confirmed to Becker’s May 8. Olympia Fields, a 214-bed hospital, is Prime’s ninth in Illinois and 55th overall. In March 2025, the health…
Sioux Falls, S.D.-based Sanford Health and Robbinsdale, Minn.-based North Memorial Health said May 8 they have signed a definitive agreement to come together as a single nonprofit health system, the latest major healthcare combination involving a Minnesota organization. Eight things…
Atrium Health and WakeMed announced merger plans and UPMC signed a definitive agreement that would see it enter a new state. Here are five hospital M&A moves Becker’s reported during the week of May 4: 1. Sioux Falls, S.D.-based Sanford…
Ardent Health President and CEO Marty Bonick said the for-profit system is optimistic about M&A opportunities, but “we are being very conservative and prudent in terms of where we’re going into.” “Given the macro uncertainties in healthcare, we want to…