Watsonville (Calif.) Community Hospital could soon be under new management after enough funding was raised to support the Pajaro Valley Healthcare District Project's bid to purchase the facility, news channel KSBW reported Aug. 23.
Transactions & Valuation Issues
An asset management company has urged Miami-based Cano Health's board of directors to find a strategic buyer.
Several hospitals and health systems are pursuing merger and acquisition deals, and a few transactions have been called off in recent months.
Gautier, Miss.-based Singing River Health System's administration is asking Jackson County leaders to sell the hospital, which has been owned by the county for almost a century, due to financial troubles, the Sun Herald reported Aug. 18.
Lahey Hospital and Medical Center in Burlington, Mass., has signed a letter of intent with Worcester, Mass.-based UMass Chan Medical School to collaborate on a regional medical campus.
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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.
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.