Transactions & Valuation Issues

Oakland, Calif.-based Kaiser Permanente has agreed to acquire Geisinger Health in a deal that will make the Danville, Pa.-based health system the first to join Risant Health, a new nonprofit organization created by the Kaiser Foundation Hospitals.

Lawmakers are reviving efforts to give the Federal Trade Commission authority to investigate nonprofit hospitals for anticompetitive behavior. 

Morgantown, W.Va.-based WVU Medicine is forming a new affiliation agreement with Spencer, W.Va.-based Roane General Hospital.

Dallas-based Tenet Healthcare is aiming to invest $250 million annually in outpatient facility mergers and acquisitions as margins in that sector remain "phenomenal."

Here are 18 planned hospital and health system sales Becker's has reported on in 2023:

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.