La Crosse, Wis.-based Emplify Health by Gundersen and Viroqua, Wis.-based Vernon Health signed a letter of intent to explore an affiliation to strengthen their long-term partnership and community care. The letter of intent opens discussion between the two parties and…
Transactions & Valuation Issues
Dental service organizations are no longer an emerging model: They are a permanent and expanding part of the dental landscape. According to the American Dental Association Health Policy Institute, DSO affiliation among U.S. dentists increased from 7.2% in 2015 to…
Centurion Foundation, a charitable 501(c)(3) organization, has acquired North Providence, R.I.-based Our Lady of Fatima Hospital and Providence, R.I.-based Roger Williams Medical Center from bankrupt Los Angeles-based Prospect Medical Holdings. “The path to achieving this outcome was neither easy nor…
Franklin, Tenn.-based Community Health Systems is continuing its portfolio reshaping strategy, with plans to divest nine hospitals across multiple states — Alabama, Tennessee, Arkansas and Pennsylvania — for more than $1.2 billion this year. CHS on Feb. 1 completed the…
Sutter Health, a 27-hospital system headquartered in Sacramento, Calif., is accelerating efforts to expand beyond its home state, pursuing acquisitions, partnerships and investments aimed at building a broader national footprint. The strategy comes into focus with Sutter’s proposed acquisition of…
Advertisement
Two health systems seek to combine into a 39-hospital system, and one of the largest health systems in the U.S. is exploring the sale of its health plan. Here are two hospital M&A moves that Becker’s reported during the week…
Renton, Wash.-based Providence is exploring strategic options for its insurance arm, Providence Health Plan, including a potential sale, the system said in a March 19 news release shared with Becker’s. Executive Vice President and CFO Greg Hoffman, who is retiring…
In the wake of Washington, D.C.-based Risant Health’s acquisition of Danville, Pa.-based Geisinger Health, the organizations are requesting reduced capital requirements for Geisinger’s insurance business, according to a Jan. 16 filing with the Pennsylvania Insurance Department. Risant is a nonprofit…
Sacramento, Calif.-based Sutter Health and Minneapolis-based Allina Health have signed a letter of intent for Allina to join the health system, creating a combined nonprofit organization spanning California, Minnesota and Wisconsin. The proposed transaction would create a system with 39…
From an Arkansas system reaching an agreement to add its 13th hospital to Prospect Medical Holdings offloading its final Crozer Health hospital, here are four hospital M&A moves that Becker’s reported during the week of March 9: 1. The Tallahassee…