Transactions & Valuation Issues

The price of merger and acquisition insurance, which inflated amid a busy deal-making season last year, is starting to drop, The Wall Street Journal reported April 13.  

Tampa (Fla.) General Hospital and Kindred Behavioral Health, part of Brentwood, Tenn.-based LifePoint Health, have formed a joint venture partnership to construct and operate Tampa General Behavioral Health Hospital.

Edison, N.J.-based Hackensack Meridian Health and Englewood (N.J.) Health have dropped their merger plans, a spokesperson for Hackensack Meridian told Becker's.

Driven by the COVID-19 pandemic, the healthcare industry continued to see fewer mergers and acquisitions in the first quarter of 2022, with only 12 transactions recorded, according to an April 7 Kaufman Hall report.

Eight deals involving health systems and hospitals have been announced, finalized or blocked since March 16. 

Recently formed healthcare group Pajaro Valley Health Care District needs to gather at least $20 million by July to purchase the bankrupt Watsonville (Calif.) Community Hospital, Santa Cruz Sentinel reported April 4.

Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have finalized a merger put in motion in December. With the deal completed, April 5 marked the first official workday under the combined organization. Marc Harrison, MD, president and CEO…

Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have completed their merger after the Colorado attorney general's office signed off on the deal March 31. 

Highlands Hospital in Connellsville, Pa., officially joined DuBois, Pa.-based Penn Highlands Healthcare April 1 after receiving regulatory approvals, becoming the system's eighth hospital.

Jennings (La.) American Legion Hospital joined New Orleans-based Ochsner Health on April 1. The hospital was renamed Ochsner American Legion Hospital.