Roanoke, Va.-based American Healthcare System has finalized its purchase of Randolph Health, a bankrupt, single-hospital system based in Asheboro, N.C., according to Triad Business Journal.
Transactions & Valuation Issues
Cano Health has acquired Doctor's Medical Center, a primary care network based in Miami with 18 centers throughout south Florida, for $300 million in cash.
Louisville, Ky.-based Baptist Health and Evansville, Ind.-based Deaconess Health System finalized an agreement to jointly operate a rural Kentucky hospital, effective Sept. 1, according to local news station WEHT.
Nashville, Tenn.-based HCA Healthcare finalized a deal to acquire 80 percent of Brookdale Senior Living's hospice, home health and outpatient therapy division.
The proposed merger between Michigan-based Beaumont Health and Spectrum Health to create the state's largest hospital system could give the providers leverage over Michigan insurers, according to the Detroit Free Press.
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Reno, Nev.-based Renown Healthcare announced July 2 it has established a new contract agreement with UnitedHealthcare. The deal comes after Renown and the payer terminated their in-network contract last month after negotiations failed to culminate in an agreement.
Perry Memorial Hospital, a 25-bed critical access hospital in Princeton, Ill., has officially joined OSF HealthCare in Peoria, Ill.
Ten transactions involving hospitals and health systems have been announced, finalized or advanced in the last two weeks:
When Hackensack (N.J.) University Health Network and Neptune, N.J.-based Meridian Health merged to form Hackensack Meridian Health on July 1, 2016, it was viewed as a merger of equals.
Harrington HealthCare System, a Southbridge, Mass.-based system comprising a 119-bed hospital, satellite location and three medical office buildings, joined Worcester, Mass.-based UMass Memorial Health on July 1.