Transactions & Valuation Issues

Medical office merger and acquisition activity was up 13.7 percent in the first quarter of 2023, despite a slowdown predicted in the healthcare merger and acquisition sector for 2023, globest.com reported April 19.

New Orleans-based LCMC Health has filed a lawsuit against the Federal Trade Commission, the Department of Justice and U.S. Attorney General Merrick Garland, seeking clarification on whether a state's acquisition approval can preempt federal merger review, according to nola.com.

Mobile, Ala.-based University of South Alabama confirmed it is buying Ascension Providence Hospital in the city in an $85 million transaction that includes the hospital's clinics.

Winston-Salem, N.C.-based Atrium Health Wake Forest Baptist has taken a step forward in its controversial application for a new $246.5 million hospital in Greensboro, N.C.

Charleston (W.Va.) Area Medical Center has filed a letter of intent with the West Virginia Health Care Authority to purchase a majority share of Charleston Surgical Hospital, health system said in a statement shared with Becker's.

Some of the United States' largest and most reputable health systems are expanding their international presence, taking their mission statements and high-quality healthcare services and operations to Europe, South America, Asia and Africa, among other parts of the world. 

Mobile, Ala.-based University of South Alabama Health is reportedly planning to acquire Ascension Providence Hospital, according to an April 17 report from NBC affiliate WPMI.

The Oregon Health Authority on April 13 approved Roseville, Calif.-based Adventist Health's acquisition of the Mid-Columbia Medical Center in the Dalles, Ore., according to the Columbia Community Connection.

Lumberton, N.C.-based UNC Health Southeastern is transitioning two of its business areas, seeking to sell a long-term care facility and transferring its current outpatient hospice program.

Salt Lake City-based Intermountain Health is partnering with two Idaho hospitals as a minority investor.