Atlus Community Healthcare, a portfolio company of private equity firm ZT Corporate, acquired Exceptional Emergency Center, a system of 14 emergency rooms across Texas.
Transactions & Valuation Issues
State regulators are set to consider Peoria, Ill.-based OSF Healthcare's application to purchase the shuttered St. Margaret's Health-Peru (Ill.) hospital Aug. 15, local news outlet WCBU reported June 1.
St. Louis-based BJC HealthCare and Kansas City, Mo.-based Saint Luke's Health System, two financially stable organizations with their own strong brands, intend to form an integrated academic health system by the year's end.
The long-awaited incorporation of Exeter (N.H.) Health Resources into Cambridge, Mass.-based Beth Israel Lahey Health has taken a major step forward after the New Hampshire attorney general's office agreed to the transaction.
Doylestown (Pa.) Health took a step closer to selling its Pine Run retirement community, with a Dec. 30 deadline to complete the transaction, according to a June 13 filing.
Advertisement
Many health system mergers today are "all about leverage" when negotiating with payers, rather than significant cost savings or increasing market share, Charlie Shields, CEO of Kansas City, Mo.-based University Health, told the Kansas City Business Journal.
Merger and acquisition transactions can often lead to job cuts, but that is not anticipated to be the case with Sayre, Pa.-based Guthrie Clinic's acquisition of the Our Lady of Lourdes Memorial Hospital system based in Binghamton, N.Y.
Here is a summary of hospital and healthcare merger and acquisition-related transactions from May:
Fort Wayne, Ind.-based Parkview Health System is to acquire Bryan, Ohio-based Community Hospitals and Wellness Centers, according to a June 8 filing.
Columbia-based University of Missouri Health Care signed a letter of intent to acquire Jefferson City, Mo.-based Capital Region Medical Center.