After a brief post-pandemic lull, hospital consolidation is accelerating again, with large health systems expanding across state lines, absorbing independent hospitals and reshaping regional care markets. From portfolio resets and strategic exits to cross-market mergers and billion-dollar investments, these moves…
Transactions & Valuation Issues
Greenville, S.C.-based Prisma Health is poised to become a 27-hospital, multiregion health system through its proposed partnership with Chattanooga, Tenn.-based Erlanger Health. The organizations signed a nonbinding letter of intent July 22 for Erlanger, a seven-hospital system, to join Prisma.…
Knox Community Hospital, a 99-bed hospital located in Mount Vernon, Ohio, signed a non-binding letter of intent to join Kettering (Ohio) Health. The agreement follows a search led by Knox Community Hospital’s board of trustees and hospital and physician leadership…
Intermountain Health and AdventHealth are pursuing a Denver-area joint venture that closely resembles the model Henry Ford Health and Ascension used to combine certain assets and facilities in Michigan under one operating system while preserving elements of both organizations. Altamonte…
Dallas-based Tenet Healthcare now expects to exceed $300 million in full-year M&A spending in 2026, executives said on the for-profit system’s July 24 second-quarter earnings call. Tenet had previously projected $250 million in M&A spending in 2026. Chairman and CEO…
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Erlanger’s board of directors along with CEO Jim Coleman decided several months ago it was time to seek a partner. Not because the Chattanooga, Tenn.-based health system was struggling – quite the opposite. Erlanger was in a strong financial position,…
Brentwood, Tenn.-based Surgery Partners has entered into an agreement to sell its ownership interests in two Idaho hospitals to Salt Lake City-based Intermountain Health, which is an existing partner in the facilities. Under the agreement, Intermountain will acquire Surgery Partners’…
Erlanger Health signed a non-binding letter of intent to join Prisma Health, and AdventHealth and Intermountain Health are seeking to form a joint venture combining their greater Denver-area hospitals. Here are five hospital M&A moves Becker’s reported during the week…
Ogdensburg, N.Y.-based North Star Health Alliance said it plans to develop a strategic partnership with Rochester (N.Y.) Regional Health to help restore the bankrupt system’s long-term financial and operational stability. North Star’s boards of directors conducted a potential partner evaluation…
Jackson-based University of Mississippi Medical Center received bankruptcy court approval July 17 to take over Greenwood (Miss.) Leflore Hospital, effective Aug. 1. The two parties signed a letter of intent in early March to explore the potential takeover. The Mississippi…