PeaceHealth plans to sell its South Campus property in Bellingham, Wash., as part of a broader strategy to refocus resources on its primary care facilities and invest in future service delivery. The South Campus — formerly St. Luke’s Hospital —…
Transactions & Valuation Issues
Fort Wayne, Ind.-based Parkview Health has signed a letter of intent with Goshen (Ind.) Health to explore a partnership. The partnership would make Goshen Health Parkview’s largest hospital outside of Fort Wayne and establish it as a regional hub for…
Franklin, Tenn.-based Community Health Systems is continuing its portfolio reshaping strategy, with active plans to divest five hospitals across Alabama, Pennsylvania and Tennessee. This month, the for-profit health system signed a definitive agreement to sell Crestwood Medical Center in Huntsville,…
Saginaw, Mich.-based Covenant HealthCare and Marlette, Mich.-based Aspire Rural Health System signed a letter of intent Jan. 22 to explore a partnership that would enhance healthcare services in Michigan’s Thumb region. The nonbinding agreement would begin a formal exploration process…
Community Health Systems plans to sell an Alabama hospital for $450 million and CommonSpirit is in talks to sell more North Dakota hospitals to Altru. Here are four hospital M&A moves that Becker’s reported during the week of Jan. 19: …
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Chicago-based CommonSpirit Health is exploring the sale of seven hospitals in two different markets as it continues to restructure its national footprint and improve its operating performance. The nonprofit Catholic health system recently signed letters of intent for two separate…
Salt Lake City-based Intermountain Health has finalized its acquisition of Las Vegas-based Steinberg Diagnostic Medical Imaging. The outpatient radiology imaging company has 12 locations across the Las Vegas Valley, according to a Jan. 22 Intermountain news release. Care coordination integration…
South Lake Tahoe, Calif.-based Barton Health became the sole governing member of Carson Valley Health, effective Jan. 21. For 25 years, Barton Health and Renown Health jointly governed Gardnerville, Nev.-based critical access hospital under a dual membership model. The organizations…
Chicago-based CommonSpirit has signed a letter of intent to transfer ownership of three additional hospitals to Grand Forks, N.D.-based Altru Health System. The non-binding agreement includes CHI St. Alexius Health in Bismarck, CHI St. Alexius Health Turtle Lake and CHI…
Upland, Pa.-based Crozer-Chester Medical Center will reopen under new ownership after closing last spring due to financial distress. Chariot Equities, real estate investment & development company, and Allaire Health Services finalized their acquisition of the 64-acre Crozer campus after the…