Transactions & Valuation Issues

Nashville, Tenn.-based HCA Healthcare plans to acquire five Utah hospitals from Dallas-based Steward Health Care.

Prime Healthcare hospitals in New Jersey are terminating their contracts with UnitedHealthcare over reimbursement rates the system claims are lower than those offered by Medicaid.

Mergers and acquisitions improved patient care outcomes for rural hospitals, a new study published in JAMA Network Open suggests.

Ten transactions involving hospitals and health systems have been announced, finalized or advanced since Sept. 1:

Premera Blue Cross and Wenatchee, Wash.-based health system Confluence Health have reached a multi-year contract.

Redding, Calif.-based Shasta Regional Medical Center is cutting its contract with Anthem short because of alleged contract violations, the provider said. 

Brentwood, Tenn.-based Quorum Health plans to sell its 49-bed hospital in Williamston, N.C., to Dallas-based Affinity Health Partners, a Quorum spokesperson confirmed to Becker's Hospital Review on Sept. 16. 

Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have signed a letter of intent to merge, the organizations announced Sept. 16. 

Before Susquehanna Health joined Pittsburgh-based UPMC in 2016, it shut down partnership discussions with Danville, Pa.-based Geisinger, according to court filings cited by the Patriot-News.

Private equity firm KKR and real estate investor Cornerstone Companies will establish a joint venture to acquire and develop a portfolio of healthcare properties, the companies said Sept. 15.