Terre Haute, Ind.-based Union Health has withdrawn its certificate of public advantage agreement for its proposed merger with Terre Haute Regional Hospital, a 278-bed facility operated by Nashville, Tenn.-based HCA Healthcare.
Transactions & Valuation Issues
Grand Blanc, Mich.-based McLaren Health Care has acquired Park Medical Centers, which operates 10 clinics in the Detroit metro area.
Franklin, Tenn.-based Community Health Systems has entered into a definitive agreement to sell ShorePoint Health Port Charlotte (Fla.) and certain assets of ShorePoint Health Punta Gorda to AdventHealth.
Nashville, Tenn.-based HCA Healthcare entered into an asset purchase agreement on Oct. 3 to purchase Ontario, Calif.-based Prime Healthcare's Lehigh Acres, Fla.-based Lehigh Regional Medical Center.
Grand Junction, Colo.-based Mind Springs Health has signed a management agreement with South Miami, Fla.-based Larkin Health System.
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Community Health Systems President and CFO Kevin Hammons said the Franklin, Tenn.-based system could be looking at acquisition opportunities in the future as it nears its $1 billion divestiture goal.
Greenville, S.C.-based Prisma Health expects its acquisition of Maryville, Tenn.-based Blount Memorial Hospital to close Dec. 1 after receiving approval from the Blount County Commission.
Sioux Falls, S.D.-based Sanford Health is acquiring Black Hills Surgical Hospital in Rapid City, a physician-owned surgical hospital.
Bethlehem, Pa.-based St. Luke's University Health Network's planned acquisition of Grand View Health in Sellersville, Pa., is underway.
Prospect Medical Holdings, a for-profit health system headquartered in Los Angeles, plans to sell 10 of its 16 hospitals amid financial challenges and an ongoing investigation by the Justice Department.