Transactions & Valuation Issues

Dallas-based Tenet Healthcare will sell its urgent care business to FastMed Urgent Care, the companies said Dec. 18. 

Two Iowa hospitals are looking to combine into one organization to obtain a new federal classification that will result in greater reimbursement. 

Lake Health, a Concord, Ohio-based health system with three hospitals, is joining Cleveland-based University Hospitals, the organizations said Dec. 17.

Cleveland Clinic Florida purchased 44 acres of land in Port St. Lucie, Fla., for $5.7 million, according to TCPalm.

Palos Heights, Ill.-based Palos Health will join Chicago-based Northwestern Medicine on Jan. 1. 

Centene signed a definitive agreement to acquire Pantherx, a Pittsburgh-based pharmacy specializing in drugs to treat rare diseases, the insurer said Dec. 15. 

An investment group completed its purchase of Astria Regional Medical Center in Yakima, Wash., and a neighboring medical office building on Dec. 15, according to the Yakima Herald.

Several large hospitals and health systems announced plans this year to expand overseas.

Tufts Health Plan has to divest one of its subsidiaries so its merger with Harvard Pilgrim Health Care can move forward, according to the Department of Justice. UnitedHealth Group has already come through as the buyer.

Concord (N.H.) Hospital was the sole bidder to buy LRGHealthcare, a two-hospital system in Laconia, N.H., out of bankruptcy, according to the Laconia Daily Sun.