Quorum Health, a for-profit system headquartered in Brentwood, Tenn., on April 1 sold Scenic Mountain Medical Center to San Angelo, Texas-based Shannon Health System, a spokesperson for the system confirmed to Becker’s. Four things to know: 1. Shannon Health System…
Transactions & Valuation Issues
Fulton County Medical Center in McConnellsburg, Pa., has signed a nonbinding letter of intent to join Morgantown, W.Va.-based West Virginia University Health System. FCMC is a 21-bed critical access hospital with more than 415 employees, according to an April 17…
Illinois regulators gave Prime Healthcare approval to acquire its 55th hospital, and an Indiana hospital signed a letter of intent to become Parkview Health’s 16th hospital. Here are three hospital M&A moves Becker’s reported during the week of April 13:…
Little Rock, Ark.-based Baptist Health reached a definitive agreement to acquire Magnolia (Ark.) Regional Medical Center. The deal, subject to customary regulatory approvals, is expected to be completed by July 12, according to an April 16 Baptist news release. On…
HCA and Tenet’s hospital portfolios remain relatively unchanged in 2025, while Community Health System continued its years-long divestiture strategy. HCA Nashville, Tenn.-based HCA operated 190 hospitals as of Dec. 31, the same number as at the end of 2024. There…
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As health systems pursue growth in new markets, leaders say a consistent set of financial, demographic and strategic criteria guide decisions on where — and whether — to expand. At least 18 large systems have announced or plan to close…
Lebanon, Ind.-based Witham Health Services has signed a nonbinding letter of intent to join Fort Wayne, Ind.-based Parkview Health. The 60-bed independent county hospital said the decision to join Parkview comes after consideration by its board of trustees and executive…
The Illinois Health Facilities and Services Review Board approved Ontario, Calif.-based Prime Healthcare’s acquisition of Franciscan Health Olympia Fields (Ill.). The 214-bed hospital is expected to transition to Prime on May 1, according to an April 14 news release shared…
Renton, Wash.-based Providence has reached a definitive agreement to transfer Queen of the Valley Medical Center in Napa, Calif., and its affiliated ambulatory clinics to San Francisco-based NorthBay Health. The two parties signed a letter of intent for NorthBay to…
Large Catholic health systems and for-profit operators continued trimming hospital portfolios in the first quarter of 2026. Of the 22 announced hospital transactions announced in the first three months of 2026, six involved a for-profit seller and three involved a…