UC San Diego Health and Escondido, Calif.-based Palomar Health are continuing to move forward with their planned joint powers authority as they await final approval from California’s Office of Health Care Affordability. In a statement shared Feb. 4 with Becker’s,…
Transactions & Valuation Issues
As Nashville, Tenn.-based HCA Healthcare continues to grow its Florida freestanding emergency department and outpatient footprint nationally, the health system is also expanding its urgent care center and freestanding ED footprint across Texas through two of the system’s subsidiaries. HCA’s…
Franklin, Tenn.-based Community Health Systems signed a definitive agreement on Jan. 20 to sell Crestwood Medical Center in Huntsville, Ala., to Huntsville (Ala.) Hospital Health System for $450 million. Since 2020, CHS has announced or completed the sale of 41…
Rapid City (S.D.) Medical Center signed a letter of intent Jan. 30 to join Monument Health, a Rapid City-based community health system. The parties plan to sign definitive agreements under the LOI and close the transaction this spring, according to…
Franklin, Tenn.-based Community Health Systems has completed two sales as part of its broader effort to reshape its portfolio and reduce debt through divestitures in select markets. Vanderbilt buys CHS’ stake in Tennessee hospital In one deal, the for-profit hospital…
Advertisement
Farmington, Conn.-based UConn Health has received an emergency certificate-of-need application approval from Connecticut’s Office of Health Strategy to acquire Waterbury (Conn.) Hospital from bankrupt Los Angeles-based Prospect Medical Holdings. OHS cleared the path Jan. 30 for UConn Health’s Waterbury Health…
Medical Facilities Corporation completed the sale of its 64% interest in Oklahoma Spine Hospital to SSM Health Care of Oklahoma. SSM and physician partners acquired 55.5% and 8.45% of equity securities, respectively, according to a Feb. 2 news release. The full transaction…
San Antonio-based University Health is expanding its outpatient footprint with a $50 million acquisition of two medical office towers tied to a recent hospital purchase, the San Antonio Express reported Jan. 26. In October, University Health closed its $71 million…
Franklin, Tenn.-based Community Health Systems is closer to exiting the Pennsylvania market after state regulators on Jan. 28 approved a plan for the for-profit system to sell its three hospitals to Tenor Health Foundation. The deal was first announced in…
The Pennsylvania Department of Health on Jan. 28 approved Franklin, Tenn.-based Community Health Systems’ plan to sell its three Pennsylvania hospitals to the Tenor Health Foundation. The approval comes after CHS, a for-profit system, signed a definitive agreement in October…