From two Oklahoma hospitals signing an agreement to form a new health system to a possible new academic medical center emerging in Florida, here are six hospital M&A moves Becker’s reported during the week of Sept. 15: 1. Hartford (Conn.)…
Transactions & Valuation Issues
Valhalla, N.Y.-based Westchester Medical Center Health Network and Cincinnati-based Bon Secours Mercy Health have agreed to end their joint venture partnership involving Bon Secours Charity Health System. Under the agreement, WMCHealth will assume full ownership and operational control of multiple…
Littleton (N.H.) Regional Healthcare signed a letter of intent on Sept. 12 with Lebanon, N.H.-based Dartmouth Health to become a member of the system. The process will now move forward with a regulatory review of the transaction from the New…
Farmington-based UConn Health is in talks to purchase three hospitals — Bristol Hospital, Day Kimball Hospital and Waterbury Hospital — for nearly $400 million, according to CT Mirror. No letter of intent has been signed and no structural arrangements have…
Tallahassee-based Florida State University and Tallahassee Memorial HealthCare have struck an agreement that will transform the hospital into an academic medical center. The parties signed a memorandum of understanding that formally establishes a framework for a comprehensive academic medical center,…
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Hospitals and health systems across the country are facing one of the most financially difficult stretches in recent memory. With reimbursement under pressure, inflation continuing to drive up costs and labor challenges reshaping the workforce, many executives are rethinking the…
St. Cloud, Minn.-based CentraCare has completed a new medical education building in partnership with the University of Minnesota Medical School. Design firm HGA led the conversion of a former administrative facility into the new CentraCare – University of Minnesota Medical…
Two hospitals in Lawton, Okla., have agreed to combine to form a new health system called Memorial Health System of Southwest Oklahoma. Comanche County Memorial Hospital’s proposed acquisition of Southwestern Medical Center was approved by the former’s board of directors…
Hospital M&A strategy is diverging as certain national and regional health systems pursue contrasting paths. On one side, several national health systems have shifted into divestiture mode — selling hospitals to reduce debt, improve margins and redeploy capital into higher-return…
Investors purchased a closed Pennsylvania facility, and a Washington hospital is exploring a potential affiliation with UW Medicine. Here are two hospital M&A moves Becker’s reported on during the week of Sept. 8: 1. Port Angeles, Wash.-based Olympic Medical Center…