Nashville, Tenn.-based HCA Healthcare has finalized its acquisition of BetterMed, an urgent care practice with 12 locations, Richmond BizSense reported June 3.
Transactions & Valuation Issues
Providence, R.I.-based Care New England is considering "three to four" bids it received to merge with another system, The Boston Globe reported June 3.
The Federal Trade Commission unanimously voted to block two separate hospital transactions, one involving Saint Peter's Healthcare System and RWJBarnabas Health and the other involving HCA Healthcare and Steward Health Care System, the agency announced June 2.
Gulf Coast, Miss.-based Singing River Health System's board of trustees voted June 1 to "pursue a fully integrated model or sale" with another healthcare organization.
Green Bay, Wis.-based Bellin Health and La Crosse, Wis.-based Gundersen Health System are exploring a merger with a final decision expected in weeks.
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Despite high interest rates and uncertainty from the Russian invasion of Ukraine, healthcare mergers and acquisitions maintained a steady pace in April, Bloomberg Law reported.
Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health have signed a letter of intent to form a five-hospital system that would generate more than $1 billion in revenue.
George Washington University has sold its 20 percent minority interest of George Washington University Hospital to Universal Health Services, making the health system the sole owner of the hospital.
Providence, R.I.-based Care New England could have plans for a merger by next month, its outgoing CEO told WPRI on May 25.
Dallas-based Tenet Healthcare will manage a new 54-bed hospital in Port St. Lucie, Fla., which was approved by the city council May 23 and could open in 2024, TCPalm reported May 25.