Some of the largest healthcare merger and acquisition deals in 2022 involved cross-market transactions, and this trend is expected to continue in 2023, a report from Kaufman Hall said.
Transactions & Valuation Issues
Morgantown, W.Va.-based WVU Medicine will acquire Welch (W.Va.) Community Hospital after the McDowell County Commission approved the takeover, according to the Bluefield Daily Telegraph.
Hospital and health system mergers and acquisitions are projected to regain momentum in the following years as providers adapt to tougher financial conditions and look for strategic partnerships either to scale or stay afloat, according to a Kaufman Hall report…
Healthcare transaction revenues hit all-time highs in 2022, according to an analysis from Kaufman Hall.
John Muir Health has entered into a definitive agreement with Tenet Healthcare to acquire sole ownership of San Ramon (Calif.) Regional Medical Center.
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Emeryville, Calif.-based care platform Canopy Health has added Hayward, Calif.-based St. Rose Hospital to its network.
Unionized healthcare workers and the Minneapolis-based University of Minnesota are continuing to push back against a proposed merger between Fairview Health Services, also based in Minneapolis, and Sioux Falls-based Sanford Health.
Gainesville-based Northeast Georgia Health System will acquire Habersham Medical Center in mid-2023 after a deal was finalized late on Jan. 10, the health system said in a news release.
Eden Prairie, Minn.-based Optum secured its second partnership agreement in a matter of days with a healthcare system to take over its revenue cycle management and information technology operations.
University of Chicago Medicine and AdventHealth began 2023 with closure of their joint venture, leaving UChicago Medicine with controlling interest in four AdventHealth hospitals in Illinois.