Elkin, N.C.-based Hugh Chatham Health has joined Atrium Health Wake Forest Baptist, which will invest $100 million into its newest member. Hugh Chatham Health includes an 81-bed acute care hospital, a medical group with more than 70 providers across 25…
Transactions & Valuation Issues
Alhambra, Calif.-based Astrana Health acquired Los Angeles-based Prospect Health System on July 1 for $708 million. Astrana, formerly known as Apollo Medical Holdings, entered into a $745 million definitive agreement for the company in November. The purchase includes Prospect Health…
Altamonte Springs, Fla.-based AdventHealth has acquired Bond Clinic of Winter Haven, Fla., a 90-provider physician group that comprises 28 specialties. AdventHealth purchased the group’s multi-specialty assets and care sites across Polk County, Florida, according to a July 2 news release.…
Seven hospitals changed hands on July 1 through four completed M&A deals, including an Indiana system’s acquisition of four Michigan hospitals from Ascension: 1. Bethlehem, Pa.-based St. Luke’s University Health Network acquired Sellersville, Pa.-based Grand View Health. Grand View is…
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…
Advertisement
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,…
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…