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…
Transactions & Valuation Issues
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…
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…
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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…
Charleston, S.C.-based MUSC Health is moving closer to acquiring majority ownership of Georgetown, S.C.-based Tidelands Health, with the deal expected to close this fall. The proposed expansion cleared several regulatory hurdles in August, receiving approvals from the Joint Bond Review…
Rockford, Ill.-based Mercyhealth has signed a purchase agreement with pastor Melvin Brown, PhD, and his wife, Sheila Brown, for its shuttered Javon Bea Hospital-Rockton in Rockford. The hospital closed in early July after Mercyhealth filed a “temporary suspension of services”…
Scottsdale, Ariz.-based HonorHealth has signed an agreement to acquire Evernorth Care Group, a subsidiary of The Cigna Group. Evernorth Care Group operates 18 clinics in the greater Phoenix area and provides integrated primary care services to nearly 80,000 patients. “Evernorth…