Rockford, Ill.-based Mercyhealth has signed a purchase agreement with pastor Melvin Brown, PhD, and his wife, Sheila Brown, for its shuttered Javon Bea Hospital-Rockton in Rockford. The hospital closed in early July after Mercyhealth filed a “temporary suspension of services”…
Transactions & Valuation Issues
Scottsdale, Ariz.-based HonorHealth has signed an agreement to acquire Evernorth Care Group, a subsidiary of The Cigna Group. Evernorth Care Group operates 18 clinics in the greater Phoenix area and provides integrated primary care services to nearly 80,000 patients. “Evernorth…
Cincinnati-based TriHealth has completed the acquisition of Clinton Memorial Hospital, a 140-bed facility in Wilmington, Ohio, marking its sixth acute care hospital. The facility will be renamed TriHealth Clinton Regional Hospital and serve as a hub for the system’s specialized…
UnityPoint Health completes acquisition of MercyOne hospital West Des Moines, Iowa-based UnityPoint Health completed its acquisition of Sioux City, Iowa-based MercyOne Siouxland Medical Center on Sept. 1. The hospital will now be called UnityPoint Health – St. Luke’s – Downtown,…
The healthcare industry is once again recalibrating after President Donald Trump revoked a Biden-era executive order aimed at limiting hospital consolidation. While some health system leaders see the move as a green light for growth and regional alignment, others remain…
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A Tennessee health system struck a deal to acquire its 25th hospital and Temple Health increased its ownership stake in a Philadelphia hospital. Here are two health system M&A moves Becker’s reported during the week of Aug. 18: 1. The…
The Oktibbeha County Board of Supervisors has signed a definitive asset purchase agreement for the sale of OCH Regional Medical Center in Starkville, Miss., to Memphis, Tenn.-based Baptist Memorial Health Care. The signing, announced Aug. 18, follows the board’s May…
Philadelphia-based Temple Health has acquired Redeemer Health’s 20% stake in Chestnut Hill Hospital, giving the academic system an 80% ownership interest in the hospital. “This was a planned transaction that comes approximately two and a half years after Chestnut Hill…
President Donald Trump on Aug. 13 revoked Executive Order 14036, a 2021 directive issued under the Biden administration aimed at promoting competition across the U.S. economy, including healthcare. Five things to know: 1. Executive Order 14036 (Promoting Competition in the…
Large hospitals spent more on capital projects last year to stay competitive while small hospitals tightened their budgets, according to Moody’s. The ratings firm tracked financial data for 209 hospitals across the U.S., finding the gap in capital spending grew…