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…
Transactions & Valuation Issues
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,…
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…
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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…
Port Angeles, Wash.-based Olympic Medical Center and Seattle-based UW Medicine have signed a letter of intent to explore a possible affiliation. The parties will next conduct a financial and operational assessment of the hospital to provide “an in-depth study of…
A hospital that was part of now-shuttered Upland, Pa.-based Crozer Health has been bought by a group of private investors for $1 million, The Philadelphia Inquirer reported Sept. 5. Ridley Park, Pa.-based Taylor Hospital closed April 26 after a bankruptcy…
An Ohio system added its sixth hospital and HonorHealth struck a deal to acquire a medical group from Cigna. Here are five health system M&A moves Becker’s reported during the week of Sept. 1: 1. Charleston, S.C.-based MUSC Health is…