Nashville, Tenn.-based Ascension Saint Thomas signed a definitive agreement to add Three Rivers Hospital in Waverly, Tenn., to its health system, Nashville Business Journal reported Dec. 14.
Transactions & Valuation Issues
Broomfield, Colo.-based SCL Health and Franklin, Tenn.-based Acadia Healthcare have formed a joint venture, which will build a 144-bed freestanding behavioral health hospital in the Denver area.
Recent policy changes by the Federal Trade Commission could hurt rural hospitals in the U.S., many of which are struggling financially, Ken Summers, former chair of the Health and Environment Committee in the Colorado House of Representatives, wrote Dec. 13…
West Des Moines, Iowa-based UnityPoint Health is exploring a deal to sell three of its hospitals in central Illinois to Urbana, Ill.-based Carle Health.
Highlands Hospital, a 64-bed facility in Connellsville, Pa., signed a definitive agreement to join DuBois, Pa.-based Penn Highlands Healthcare.
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Healthcare deal volumes grew by 56 percent in the 12 months through Nov. 15 compared with the same period in 2020, especially in physician medical groups, managed care and rehabilitation subsectors, a recent PwC report found.
Three for-profit hospital operators entered into several transactions this year.
There were several hospital mergers, acquisitions and partnerships that, at some point in their lifetime, were called off in the past year.
Seven transactions involving hospitals and health systems have been announced, finalized or called off since Nov. 22:
States with stronger merger review authorities tend to be tougher on hospital partnerships than states with weaker authorities, but medical prices still increase, a December Health Affairs study found.