From CHS striking a deal to sell another hospital to General Catalyst signing a definitive agreement with Summa Health, here are 11 hospital M&A moves reported by Becker's since Nov. 1:
Transactions & Valuation Issues
Franklin, Tenn.-based Community Health Systems has completed or lined up multiple hospital sales this year as part of its divestiture plan, which aims to take in about $1 billion by offloading hospitals across various markets.
More details have emerged regarding Evansville, Ind.-based Deaconess Health System's plan to acquire Hopkinsville, Ky.-based Jennie Stuart Health.
Franklin, Tenn.-based Community Health Systems continues to make progress on its $1 billion divestiture plan and aims to sell Merit Health Biloxi (Miss.), a 153-bed acute care hospital, to Gulfport, Miss.-based Memorial Health System.
Alhambra, Calif.-based Astrana Health has entered into a $745 million definitive agreement to acquire certain assets and businesses from Los Angeles-based Prospect Health System.
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The third quarter of 2024 saw a significant increase in hospital and health system mergers and acquisitions compared to the previous quarter as well as the third quarter of 2023, according to an Oct. 31 report published by Cain Brothers,…
Akron, Ohio-based Summa Health has reached a $485 million definitive agreement to join Health Assurance Transformation Corp., according to a Nov. 7 news release.
California Attorney General Rob Bonta has conditionally approved a pediatric hospital merger under which Children's HealthCare of California, the parent company of Children's Hospital of Orange County and CHOC at Mission Hospital, and Rady Children's Hospital and Health Center, the…
The 30-year lease purchase agreement between Desert Healthcare District and Dallas-based Tenet Healthcare for Palm Springs, Calif.-based Desert Regional Medical Center was approved by voters Nov. 5.
Hospital consolidation is accelerating as health systems navigate rising costs, staffing challenges and the need for scale to stay competitive .