As private equity firms increasingly buy hospitals, several have used Birmingham, Ala.-based Medical Properties Trust for help.
Transactions & Valuation Issues
A Pennsylvania Court of Common Pleas judge ordered Tower Health to restart the sale process of two now-shuttered hospitals to a Texas turnaround firm, The Daily Local reported Feb. 14.
Northwestern Memorial HealthCare purchased the Hyatt Centric Hotel in Chicago in February to give patients and families an option to stay overnight when receiving care, a health system spokesperson told Becker's Feb. 14.
Los Angeles-based Prospect Medical Holdings has inked deals to sell its seven hospitals in Connecticut and Pennsylvania.
Dallas, Texas-based Signify Health, a value-based healthcare platform, agreed to acquire Kansas City, Mo.-based Caravan Health for $250 million.
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Wilmington, Del.-based ChristianaCare plans to acquire Springfield, Pa.-based Crozer Health from Los Angeles-based Prospect Medical Holdings after signing a letter of intent.
Fresno, Calif.-based Saint Agnes Medical Center and Madera (Calif.) Community Hospital have signed a nonbinding letter of intent to explore a potential affiliation, the Fresno Bee reported Feb. 9.
Yale New Haven (Conn.) Health System agreed Feb. 10 to acquire two Connecticut health systems from Los Angeles-based Prospect Medical Holdings.
Courts and the Federal Trade Commission should consider more than harm to competition when evaluating healthcare mergers; they should also consider the benefit to underserved communities, Phil Goldberg and Kateland Jackson of Shook, Hardy & Bacon wrote in a Bloomberg…
Iron Mountain, Mich.-based Dickinson County Healthcare — a one-hospital system with several clinics — has finalized its affiliation agreement with Marshfield (Wis.) Clinic Health System.