The Chippewa Valley Health Cooperative, an independent nonprofit organization, has acquired the former St. Joseph’s Hospital building in Chippewa Falls, Wis., from Hospital Sisters Health System. Last year, Springfield, Ill.-based HSHS closed St. Joseph’s and Sacred Heart Hospital in Eau…
Transactions & Valuation Issues
South Bend, Ind.-based Beacon Health System has completed its acquisition of Ascension Southwest Michigan, according to a July 1 news release shared with Becker’s. The locally owned, nonprofit health system signed a definitive agreement to acquire ASM’s four hospitals, 35…
St. Louis-based Ascension has acquired full ownership of Cedar Park (Texas) Medical Center for $436 million in cash. Five things to know: 1. Franklin, Tenn.-based Community Health Systems sold its 80% ownership stake in the 126-bed hospital to Ascension Seton,…
Bethlehem, Pa.-based St. Luke’s University Health Network’s has finalized its acquisition of Grand View Health in Sellersville, Pa. The organizations signed a letter of intent Sept. 5, signed a definitive agreement Dec. 31 and completed the deal July 1 following…
From the Ohio attorney general giving conditional approval to a venture capital firm’s plan to acquire Summa Health to a scrapped merger in Missouri, here are four hospital M&A moves Becker’s reported during the week of June 16: 1. Rolla,…
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Rolla, Mo.-based Phelps Health and Salem (Mo.) Memorial Hospital District have ended discussions about a potential affiliation after a year of exploratory talks, The Salem News reported June 20. The decision follows an extensive due diligence phase, review of contractual…
The Indiana Health Department will decide in the coming weeks whether to approve the merger of two Terre Haute hospitals in what would be the last deal of its kind, Inside Indiana Business reported June 18. Union Health is seeking…
Ohio Attorney General Dave Yost has given conditional approval for venture capital firm General Catalyst to acquire Akron, Ohio-based Summa Health. In November, Summa reached a $485 million definitive agreement to join General Catalyst subsidiary Health Assurance Transformation Corp. Under…
Sandusky, Ohio-based Firelands Health is now the sole owner of The Bellevue (Ohio) Hospital. Firelands Health completed its acquisition of the hospital in May after a bankruptcy court approved Bellevue’s Chapter 11 reorganization plan and member substitution agreement, according to…
St. Louis-based Ascension said June 17 that it has entered an agreement to acquire AmSurg, an ASC operator with more than 250 facilities across 34 states. Six things to know: 1. The move will significantly expand the Catholic nonprofit system’s…