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…
Transactions & Valuation Issues
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…
Cincinnati-based TriHealth has completed the acquisition of Clinton Memorial Hospital, a 140-bed facility in Wilmington, Ohio, marking its sixth acute care hospital. The facility will be renamed TriHealth Clinton Regional Hospital and serve as a hub for the system’s specialized…
UnityPoint Health completes acquisition of MercyOne hospital West Des Moines, Iowa-based UnityPoint Health completed its acquisition of Sioux City, Iowa-based MercyOne Siouxland Medical Center on Sept. 1. The hospital will now be called UnityPoint Health – St. Luke’s – Downtown,…
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The healthcare industry is once again recalibrating after President Donald Trump revoked a Biden-era executive order aimed at limiting hospital consolidation. While some health system leaders see the move as a green light for growth and regional alignment, others remain…
A Tennessee health system struck a deal to acquire its 25th hospital and Temple Health increased its ownership stake in a Philadelphia hospital. Here are two health system M&A moves Becker’s reported during the week of Aug. 18: 1. The…
The Oktibbeha County Board of Supervisors has signed a definitive asset purchase agreement for the sale of OCH Regional Medical Center in Starkville, Miss., to Memphis, Tenn.-based Baptist Memorial Health Care. The signing, announced Aug. 18, follows the board’s May…
Philadelphia-based Temple Health has acquired Redeemer Health’s 20% stake in Chestnut Hill Hospital, giving the academic system an 80% ownership interest in the hospital. “This was a planned transaction that comes approximately two and a half years after Chestnut Hill…
President Donald Trump on Aug. 13 revoked Executive Order 14036, a 2021 directive issued under the Biden administration aimed at promoting competition across the U.S. economy, including healthcare. Five things to know: 1. Executive Order 14036 (Promoting Competition in the…