South Lake Tahoe, Calif.-based Barton Health became the sole governing member of Carson Valley Health, effective Jan. 21. For 25 years, Barton Health and Renown Health jointly governed Gardnerville, Nev.-based critical access hospital under a dual membership model. The organizations…
Transactions & Valuation Issues
Chicago-based CommonSpirit has signed a letter of intent to transfer ownership of three additional hospitals to Grand Forks, N.D.-based Altru Health System. The non-binding agreement includes CHI St. Alexius Health in Bismarck, CHI St. Alexius Health Turtle Lake and CHI…
Upland, Pa.-based Crozer-Chester Medical Center will reopen under new ownership after closing last spring due to financial distress. Chariot Equities, real estate investment & development company, and Allaire Health Services finalized their acquisition of the 64-acre Crozer campus after the…
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell Crestwood Medical Center in Huntsville, Ala., to Huntsville (Ala.) Hospital Health System for $450 million. The deal includes all of the assets tied to the 180-bed hospital and…
Los Angeles-based Prospect Medical Holdings said it plans to move forward with a $1 million sale of its shuttered Springfield (Pa.) Hospital to KQT Aikens Partners 2 after the original bidder failed to close the transaction. Prospect, which sought Chapter…
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California’s two largest nonprofit health systems are positioning themselves for major expansion and strategic growth this year, with newly appointed leaders focused on mergers, acquisitions and national partnerships. Oakland-based Kaiser Permanente named Jim Marcotte vice president of mergers and acquisitions…
Salem (Ore.) Health Hospitals and Clinics and Stayton, Ore.-based Santiam Hospital and Clinics have signed a definitive agreement to partner, pending state approval. The organizations announced Jan. 19 that they will submit a formal request to the Oregon Health Authority.…
From Prime striking a deal to acquire its ninth Illinois hospital to the Nebraska Board of Regents approving a plan that would give the university sole ownership of Nebraska Medicine, here are five hospital M&A moves that Becker’s reported during…
Ontario, Calif.-based Prime Health Care entered into an asset purchase agreement Jan. 16 with Mishawaka, Ind.-based Franciscan Alliance to acquire its Franciscan Health Olympia Fields (Ill.), making it the system’s ninth hospital in Illinois. Under the proposed transaction, Franciscan Health…
Health systems will continue to “look beyond traditional inpatient services for new growth opportunities,” in 2026, according to a Jan. 15 report from Kaufman Hall. Kaufman Hall said that health systems are increasingly pursuing non-acute and capability-based partnerships. The firm…