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.
Transactions & Valuation Issues
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.
Franciscan Health Crown Point (Ind.) and Ann & Robert H. Lurie Children's Hospital of Chicago have formed a partnership for neonatal care.
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Nine health system and hospital deals have been canceled this year, whether it be a scrapped merger or acquisition or the unwinding of a partnership.
Six merger and acquisition deals involving hospitals and health systems have been announced, completed or called off so far this month:
Two New Jersey health systems — Saint Peter's Healthcare System and RWJBarnabas Health — received approval from state regulators to merge.
Dartmouth Health and Manchester, N.H.-based GraniteOne Health are canceling their proposed merger after the state Attorney General's Office said the move would violate the New Hampshire constitution, according to VTDigger.
New Hampshire Attorney General John Formella released a report May 13 from the Charitable Trusts Unit objecting to the proposed merger between Lebanon, N.H.-based Dartmouth Health and Manchester, N.H.-based GraniteOne Health.