ChristianaCare signed a letter of intent in February to acquire Crozer Health from Prospect Medical Holdings. The health systems announced Aug. 18 that the deal will not move forward.
Transactions & Valuation Issues
The Federal Trade Commission highlighted the pitfalls of using Certificates of Public Advantage in a new policy paper and fact sheet.
Tacoma, Wash.-based MultiCare Health System and Yakima (Wash.) Valley Memorial Hospital have extended the timeline for merger discussions, the Yakima Herald-Republic reported Aug. 14.
New York City-based Oliver Wyman released findings on private equity deals in healthcare based on data from the first half of 2022.
There were several hospital mergers, acquisitions, affiliations and partnerships that, at some point in their lifetime, were called off in the past year.
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Orangeburg, S.C.-based Regional Medical Center is planning a partnership with Charleston-based Medical University of South Carolina to enhance healthcare access across the state, according to an Aug. 9 report from News 19.
St. Augustine, Fla.-based Flagler Health+ announced that the board of trustees and leadership team began a formal process to explore joining a 'like-minded health system,' according to an Aug. 9 press release from the organization.
Beijing-based social media giant ByteDance has acquired one of China's largest private hospital chains for about $1.5 billion, according to an Aug. 9 report from Bloomberg.
Three nonprofit hospitals have partnered to purchase Philadelphia-based Chestnut Hill Hospital, The Philadelphia Inquirer reported Aug. 8.
Mercy Iowa City was offered $605 million by University of Iowa Health Care last year for ownership of the hospital, The Gazette reported Aug. 5.