A joint venture between two real estate investment groups has resulted in the purchase of an outpatient facility in Rhode Island largely operated by Providence-based Lifespan Health, according to an Aug. 3 Boston Real Estate Times report.
Transactions & Valuation Issues
Cincinnati Children's has acquired primary care practice Pediatric Associates of Cincinnati, Cincinnati Business Courier reported Aug. 7.
Private equity investment in the healthcare sector is booming, and Democratic lawmakers are concerned, according to a report in The Wall Street Journal.
University of Iowa plans to acquire Mercy Iowa City, a 234-bed, financially troubled hospital that is resisting an investment firm's takeover, according to a news release shared with Becker's.
Boston-based Tufts Medicine is selling its outreach laboratory business for an undisclosed amount to Labcorp as the first step to a broader partnership, Boston Business Journals reported Aug. 3.
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Kalispell, Mont.-based Logan Health, a six-hospital system, and Billings Clinic will merge Sept. 1 after receiving regulatory approval, according to an Aug. 3 news release.
Modesto, Calif.-based American Advanced Management has written a letter of intent to operate the bankrupt Hazel Hawkins Memorial Hospital.
CooperCompanies, a global medical device company headquartered in Pleasanton, Calif., has terminated its $875 million proposed acquisition of Cook Medical Holdings' reproductive health business.
Cape Girardeau, Mo.-based SoutheastHealth has signed a definitive agreement to join St. Louis-based Mercy, a 42-hospital system.
Centennial, Colo.-based Centura Health is folding into CommonSpirit Health, with the Chicago-based system now managing 20 of its hospitals with plans to retire the Centura brand.