Trinity Health Mid-Atlantic has abandoned its plan to buy Tower Health's Chestnut Hill Hospital in Philadelphia, according to the Philadelphia Inquirer.
Transactions & Valuation Issues
Elkins, W.Va.-based Davis Health System has taken over operations of Webster County Memorial Hospital in Webster Springs, W.Va., WDTV reported Jan. 6.
Kearney (Neb.) Regional Medical Center joined Lincoln, Neb.-based Bryan Health on Jan. 1, expanding the system's number of employees by 850 to more than 6,300.
Transaction volume for hospital mergers and acquisitions decreased by 33 percent in 2021, compared to 2020, according to an analysis by brokerage firm H2C Securities shared with Becker's.
Elizabeth-based Trinitas Regional Medical Center has joined West Orange-based RWJBarnabas Health, both in New Jersey, as the system's 12th hospital.
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Ten transactions involving health systems and hospitals have been announced, advanced or finalized since Dec. 22.
Hattiesburg, Miss.-based Forrest General Hospital has acquired Richton, Miss.-based Perry County General Hospital, a 22-bed critical access facility, after Forrest Health signed a letter of agreement.
Winfield, Ala.-based Northwest Medical Center has become a member of the University of Alabama at Birmingham Health System after entering into a management agreement, which went into effect Jan. 1.
Evanston, Ill.-based NorthShore University HealthSystem and Naperville, Ill.-based Edward-Elmhurst Health have finalized their merger.
Marlton, N.J.-based Virtua Health and Glassboro, N.J.-based Rowan University inked an agreement to create a new academic health system in South Jersey, the organizations said Jan. 4.