Nonprofit and for-profit health systems and providers will continue to see more mergers and acquisitions in 2021, according to a Moody's Investor Services report released April 21.
Transactions & Valuation Issues
The New Hampshire attorney general's office will allow Concord (N.H.) Hospital to acquire LRGHealthcare, a two-hospital system in Laconia, N.H., out of bankruptcy, according to an April 20 announcement.
Tampa (Fla.) General Hospital, a 1,007-bed nonprofit academic medical center, has partnered with Sheba Medical Center, the largest hospital in Israel.
University of Miami Health System, a three-hospital system, has entered an affiliation agreement with San Francisco-based One Medical to provide coordinated care in South Florida.
Lake Health, a three-hospital system based Concord, Ohio, officially joined Cleveland-based University Hospitals.
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There were several hospital mergers that, at some point in their lifetime, were called off in the past year.
West Reading, Pa.-based Tower Health is looking for a partner to buy the entire system, putting the future of St. Christopher's Hospital for Children at risk, according to The Philadelphia Inquirer.
Hoag Memorial Hospital Presbyterian in Newport Beach, Calif., is seeking to end its affiliation with Providence, a Catholic health system based in Renton, Wash. Hoag filed a lawsuit last year to split from the 51-hospital system, and the two organizations…
MidMichigan Health in Midland is looking to acquire the 49-bed War Memorial Hospital in Sault Ste. Marie, Mich., according to a recent news release.
UnitedHealthcare Community Plan of Hawaii signed a contract to manage parts of the state's Medicaid program for five and a half years, according to a statement released on April 6.