Franklin, Tenn.-based Community Health Systems announced June 25 that it has signed a definitive agreement to sell Bayfront Health St. Petersburg (Fla.) to Orlando (Fla.) Health.
Transactions & Valuation Issues
CommonSpirit Health announced June 24 that it has partnered with Paladina Health to offer direct-to-employer primary care in regions served by CommonSpirit.
Brentwood, Tenn.-based Quorum Health has completed its divestiture of Galesburg (Ill.) Cottage Hospital, according to WGIL.
New Orleans-based Ochsner Health has entered into a strategic partnership agreement with Gulfport, Miss.-based Singing River Health System.
Orlando (Fla.) Health and Lafayette, La.-based LHC Group have signed a definitive agreement to form a joint venture to provide home health and community-based healthcare services in Florida.
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Penn State Health has signed a definitive agreement to acquire Holy Spirit Health System in Camp Hill, Pa., from Geisinger Health.
About 40 parties said they were interested in submitting bids to purchase, lease or manage the University of Toledo (Ohio) Medical Center, according to the Toledo Blade.
Duluth, Minn.-based Essentia Healthcare reached an agreement to assume operations of Moose Lake, Minn.-based Mercy Hospital in August, according to CBS Duluth.
Fourteen transactions involving hospitals and health systems announced, finalized or advanced since June 1:
Louisville, Ky.-based Kindred Healthcare and Landmark Medical Center in Woonsocket, R.I., a subsidiary of Ontario, Calif.-based Prime Healthcare, have entered into a definitive agreement to form a joint venture that would own and operate a rehabilitation hospital.