West Virginia plans to sell four of its long-term care facilities to Marx Development Group, a privately held, full-service real estate development firm based in Fresh Meadows, N.Y., West Virginia Gov. Patrick Morrisey announced Aug. 12 during a news conference…
Transactions & Valuation Issues
Brentwood, Tenn.-based Quorum Health has withdrawn from a proposed deal to operate the financially struggling Bay Area Hospital in Coos Bay, Ore. The organizations announced Aug. 8 that Quroum, a for-profit hospital management company, terminated its nonbinding letter of intent…
Columbus-based OhioHealth will open its new Canal Winchester Health Center on Aug. 12. The three-story, 40,000-square-foot facility will offer 24/7 emergency care, primary care, diagnostic services, women’s health, sports medicine and rotating specialty care, according to an Aug. 11 press…
CHS is making another attempt to exit the Pennsylvania market and UnitedHealth Group struck a deal with the Justice Department to allow its acquisition of a home health and hospice care provider to move forward. Here are three healthcare M&A…
Nonprofit organization Tenor Health Foundation has signed a letter of intent with Community Health Systems to acquire Commonwealth Health, a three-hospital system in Scranton, Pa., spokespersons for both organizations confirmed with Becker’s. Seven things to know: 1. The news comes…
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DeSoto Memorial Hospital, a 49-bed community hospital in Arcadia, Fla., is seeking a buyer or strategic partner to ensure long-term sustainability and maintain services for its community. Five things to know: 1. Multiple transaction types are being considered: The DeSoto…
A California city council greenlit the transfer of a hospital to a healthcare district, and Christus health struck a deal to sell a shuttered hospital. Here are the two hospital M&A moves that Becker’s reported during the week of July…
El Centro (Calif.) City Council approved the transfer of El Centro Regional Medical Center to the Imperial Valley Healthcare District, the Calexico Chronicle reported July 29. Five things to know: 1. The asset transfer agreement approved by city council outlines…
Irving, Texas-based Christus Health has shared plans to sell its former San Antonio-based Christus Santa Rosa Hospital—Medical Center to University Health, also in San Antonio, for $71 million. The decision comes after a unanimous vote from the Bexar County Hospital…
UC San Diego Health and Escondido, Calif.-based Palomar Health have entered into exclusive talks to create a joint powers authority, with the goal of coordinating and enhancing care access across North San Diego County. A letter of intent for the…