The Valley Health System, a six-hospital system in Las Vegas owned by King of Prussia, Pa.-based Universal Health Services, acquired a seventh hospital, according to an Aug. 2 news release.
Transactions & Valuation Issues
Atlanta-based Northside Hospital has solidified a new contract agreement with UnitedHealthcare, effective Aug. 1.
In a recent press release, VMG announced Wayne Pryor as Managing Director in the Financial Due Diligence Division in the Nashville office.
Wausau, Wis.-based Aspirus Health has acquired seven hospitals, 21 physician clinics and air and ground ambulances from Ascension Wisconsin, part of St. Louis-based Ascension.
Nashville, Tenn.-based HCA Healthcare has completed the sale of four Georgia hospitals to Atlanta-based Piedmont Healthcare, a Piedmont spokesperson confirmed to Becker's on Aug. 2.
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The Medical University of South Carolina on Aug. 1 finalized its acquisition of three hospitals, a freestanding emergency room and affiliated physician practices owned by Brentwood, Tenn.-based LifePoint Health, according to The Post and Courier.
Dallas-based Tenet Healthcare completed the sale of five hospitals in Florida, the organization said Aug. 2.
Braden Health, which operates a network of hospitals across the U.S., plans to buy more struggling or closed rural hospitals in Tennessee, according to News Channel 5.
West Reading, Pa.-based Tower Health plans to remain independent and has signed a letter of intent to develop a strategic alliance with Philadelphia-based Penn Medicine, the system announced July 30.
The MetroHealth System and Case Western Reserve University extended their education and research affiliation for another decade, the Cleveland-based organizations said July 29.