Brentwood, Tenn.-based LifePoint Health and Greenville, S.C.-based Prisma Health have terminated an agreement for Prisma to acquire three hospitals and a freestanding emergency room from LifePoint.
Transactions & Valuation Issues
The number of hospital and health system merger and acquisition deals declined in the first quarter of this year, but the average transaction size soared, according to an analysis from healthcare industry consultant Kaufman Hall.
CommonSpirit Health, a 137-hospital network based in Chicago, has entered a joint venture with women's health startup Tia.
Salina (Kan.) Regional Health Center will take over management and operations of Memorial Health System in Abilene, Kan., next year, according to an April 6 announcement.
Morgantown-based West Virginia University Health System comprises 16 hospitals after adding two new community hospitals, the health system announced April 7.
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Eight transactions involving hospitals and health systems have been announced, finalized or advanced in the last week:
The only remaining independent hospital on Long Island is in talks to join New York City-based NYU Langone Health, the organizations said last week.
Mercy Hospital & Medical Center in Chicago and nonprofit Insight Chicago have finalized a deal that will keep the 170-year-old safety-net hospital open, the organization said April 3.
SSM Health Oklahoma assumed operations of Midwest City, Okla.-based AllianceHealth Midwest Hospital April 1, according to the Shawnee News-Star.
Brentwood, Tenn.-based LifePoint Health sold its majority interest in Capital Medical Center in Olympia, Wash., to Tacoma, Wash.-based MultiCare.