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

Hospital M&A update: 9 recent deals

Nine transactions involving hospitals and health systems have been announced, finalized or advanced since June 1:

1. LifePoint to acquire Kindred Healthcare
Brentwood, Tenn.-based LifePoint Health signed a definitive agreement to acquire Louisville, Ky.-based Kindred Healthcare.

2. Select Medical adds 7 critical illness recovery hospitals in series of transactions
Select Medical, an operator of long-term care and inpatient rehabilitation hospitals based in Mechanicsburg, Pa., will add seven critical illness recovery hospitals and eight outpatient clinics to its network through a series of transactions.

3. Ochsner to take over 7-hospital system
Rush Health Systems, a seven-hospital system in Meridian, Miss., signed an agreement to join New Orleans-based Ochsner Health.

4. Beaumont, Spectrum to form 22-hospital system in Michigan
Two Michigan health systems — Beaumont Health and Spectrum Health — signed a letter of intent to create a new 22-hospital system.

5. Tenet to sell 5 hospitals to Steward for $1.1B
Dallas-based Tenet Healthcare will sell five hospitals in Florida to Dallas-based Steward Health Care for $1.1 billion, the organizations said June 16. 

6. Primary care group buys Miami's University Health Care for $600M
Cano Health, a primary care provider for seniors and underserved communities, acquired Miami-based University Health Care for $600 million, the organization said June 14. 

7. 200-bed hospital to join Penn Highlands Healthcare
Monongahela Valley Hospital, a 200-bed facility in Wickerham Manor-Fisher, Pa., signed a definitive agreement to join DuBois, Pa.-based Penn Highlands Healthcare.

8. American Health Systems' takeover of North Carolina system advances
Randolph Health, a bankrupt single-hospital system based in Asheboro, N.C., received verbal approval from the North Carolina attorney general to join Roanoke, Va.-based American Healthcare System.

9. Rhode Island regulators approve sale of 2 hospitals, averting closure
Rhode Island regulators conditionally approved the sale of two privately owned hospitals in the state, ending an impasse that threatened to close the two facilities.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars