Magee (Miss.) General Hospital and South Central Regional Medical Center in Laurel plan to merge this summer, formalizing a partnership that has been developing since 2023. The two Mississippi hospitals have been collaborating under an administrative services agreement since July…
Transactions & Valuation Issues
South Bend, Ind.-based Beacon Health System has signed a definitive agreement to acquire Ascension Michigan’s southwest region, which includes four hospitals, 35 outpatient clinics and an ambulatory surgery center. The hospitals include: “Expanding our reach deeper into southwest Michigan broadens…
Winston-Salem, N.C.-based Novant Health has made a string of recent acquisitions to expand its footprint across the Carolinas, with its latest acquisition signaling a deepening focus on outpatient care. In its newest transaction, Novant Health, in partnership with MedQuest Associates,…
Doylestown (Pa.) Health has officially joined the University of Pennsylvania Health System and will now be known as Penn Medicine Doylestown Health along with its affiliates. Doylestown Hospital, a 245-bed teaching hospital, will become Penn Medicine’s seventh hospital, according to…
The County of Santa Clara, Calif., has assumed ownership and operations of Regional Medical Center in San Jose, Calif., effective April 1. The hospital is now part of San Jose, Calif.-based Santa Clara Valley Healthcare, which operates the county’s public…
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Durham, N.C.-based Duke University Health System has completed its $284 million acquisition of Lake Norman Regional Medical Center and related businesses in Mooresville, N.C., from subsidiaries of Franklin, Tenn.-based Community Health Systems. Duke finalized the acquisition April 1. The 123-bed…
Tulepo-based North Mississippi Health Services has signed a long-term lease agreement to operate Northwest Regional Health in Winfield, Ala., effective May 1. Northwest Regional Health, a 49-bed acute care facility, will be NMHS’ second hospital in Marion County. The health…
Doylestown (Pa.) Health will officially join the University of Pennsylvania Health System on April 1, marking a significant expansion of Penn Medicine’s reach into Philadelphia’s northern suburbs. The transaction follows regulatory reviews and approvals from the Pennsylvania Attorney General’s Office…
West Reading, Pa.-based Tower Health has sold Brandywine Hospital, a 171-bed hospital, to a subsidiary of real estate developer Regal Builders, a spokesperson for the system confirmed to Becker’s. “This transaction enhances our financial position by increasing liquidity while removing…
The University of Pennsylvania Health System in Philadelphia has denied reports that it is in negotiations to acquire Upland-based Crozer Health but it is involved in discussions to maintain access to care in the community, a spokesperson for the system…