Renton, Wash.-based Providence is exploring strategic options for its insurance arm, Providence Health Plan, including a potential sale, the system said in a March 19 news release shared with Becker’s. Executive Vice President and CFO Greg Hoffman, who is retiring…
Transactions & Valuation Issues
In the wake of Washington, D.C.-based Risant Health’s acquisition of Danville, Pa.-based Geisinger Health, the organizations are requesting reduced capital requirements for Geisinger’s insurance business, according to a Jan. 16 filing with the Pennsylvania Insurance Department. Risant is a nonprofit…
Sacramento, Calif.-based Sutter Health and Minneapolis-based Allina Health have signed a letter of intent for Allina to join the health system, creating a combined nonprofit organization spanning California, Minnesota and Wisconsin. The proposed transaction would create a system with 39…
From an Arkansas system reaching an agreement to add its 13th hospital to Prospect Medical Holdings offloading its final Crozer Health hospital, here are four hospital M&A moves that Becker’s reported during the week of March 9: 1. The Tallahassee…
The Tallahassee City Commission approved the transfer of city-owned Tallahassee (Fla.) Memorial HealthCare assets to Florida State University, also in Tallahassee, March 11, clearing the path for the development of an integrated academic health center. The city commissioner accepted the…
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Wichita, Kan.-based Ascension Via Christi has signed a letter of intent to purchase the land and improvements associated with the former Rock Regional Hospital in Derby, Kan. The proposed acquisition reflects Via Christi’s intent to restore inpatient services at the…
Shuttered Springfield (Pa.) Hospital was purchased by KQT Aikens Partners for $1 million March 11, making it the last of Upland, Pa.-based Crozer Health’s four facilities to be sold. Los Angeles-based Prospect Medical Holdings, Crozer Health’s parent company, also sold…
Jacksonville, Fla.-based Baptist Health has partnered with Compass Surgical Partners, Coastal Health and local physicians to operate Middleburg Surgery Center in Jacksonville. The partnership has taken ownership of the 5,500-square-foot ASC, a multispecialty facility which supports procedures in orthopedics, urology,…
From Community Health Systems closing a deal that saw it exit Pennsylvania, to Baptist Memorial Health Care acquiring its 25th hospital, here are 10 hospital mergers and acquisitions completed in 2026: 1. The Centurion Foundation, an Atlanta-based nonprofit organization, completed…
Montrose (Colo.) Regional Health has signed a letter of intent with Grand Junction, Colo.-based Community Hospital to explore the creation of a tax-exempt, nonprofit entity to improve healthcare across western Colorado and eastern Utah. The proposed entity would let the…