Franklin, Tenn.-based Community Health Systems on April 1 sold Crestwood Medical Center — a 180-bed hospital in Huntsville, Ala. — to Huntsville Hospital Health System for $459 million. Six things to know: 1. The deal includes all of the assets…
Transactions & Valuation Issues
The sale of Tallahassee (Fla.) Memorial HealthCare from the city to Florida State University was approved by the university’s board of trustees, with the Florida Board of Governors following suit shortly after, the Tallahassee Democrat reported March 26. Four things…
La Crosse, Wis.-based Emplify Health by Gundersen and Viroqua, Wis.-based Vernon Health signed a letter of intent to explore an affiliation to strengthen their long-term partnership and community care. The letter of intent opens discussion between the two parties and…
Dental service organizations are no longer an emerging model: They are a permanent and expanding part of the dental landscape. According to the American Dental Association Health Policy Institute, DSO affiliation among U.S. dentists increased from 7.2% in 2015 to…
Centurion Foundation, a charitable 501(c)(3) organization, has acquired North Providence, R.I.-based Our Lady of Fatima Hospital and Providence, R.I.-based Roger Williams Medical Center from bankrupt Los Angeles-based Prospect Medical Holdings. “The path to achieving this outcome was neither easy nor…
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Franklin, Tenn.-based Community Health Systems is continuing its portfolio reshaping strategy, with plans to divest nine hospitals across multiple states — Alabama, Tennessee, Arkansas and Pennsylvania — for more than $1.2 billion this year. CHS on Feb. 1 completed the…
Sutter Health, a 27-hospital system headquartered in Sacramento, Calif., is accelerating efforts to expand beyond its home state, pursuing acquisitions, partnerships and investments aimed at building a broader national footprint. The strategy comes into focus with Sutter’s proposed acquisition of…
Two health systems seek to combine into a 39-hospital system, and one of the largest health systems in the U.S. is exploring the sale of its health plan. Here are two hospital M&A moves that Becker’s reported during the week…
Renton, Wash.-based Providence is exploring strategic options for its insurance arm, Providence Health Plan, including a potential sale, the system said in a March 19 news release shared with Becker’s. Executive Vice President and CFO Greg Hoffman, who is retiring…
In the wake of Washington, D.C.-based Risant Health’s acquisition of Danville, Pa.-based Geisinger Health, the organizations are requesting reduced capital requirements for Geisinger’s insurance business, according to a Jan. 16 filing with the Pennsylvania Insurance Department. Risant is a nonprofit…