Below are 10 hospital transactions or partnerships that have been delayed or called off since Jan. 1, beginning with the most recent:
Transactions & Valuation Issues
Hudson Regional Hospital in Secaucus, N.J., has reached an agreement with a land owner to acquire and operate two New Jersey hospitals owned by CarePoint Health, according to NJ.com. The agreement undercuts negotiations that already were underway between CarePoint and…
Prospect Medical Group will double in size when it completes the acquisition of three medical practices later this year.
St. Joseph Hospital Orange (Calif.) has sold one of its medical office buildings to IRA Capital, a California-based private equity firm.
A real estate investment fund has acquired East Ohio Regional Hospital in Martins Ferry and plans to reopen the facility later this year, according to The Intelligencer.
Advertisement
A court ordered Blue Cross Blue Shield of Texas to pay more than $108 million in damages and attorney fees to two closed rural Texas hospitals.
The COVID-19 pandemic has pushed back UMass Memorial Health Care's acquisition of Harrington HealthCare, a Southbridge, Mass.-based system comprising a 119-bed hospital, satellite location and three medical office buildings, according to MassLive.
Louisville, Ky.-based Baptist Health's acquisition of Hardin Memorial Health in Elizabethtown, Ky., will be finalized by Sept. 1, about three months earlier than previously expected.
St. Augustine, Fla.-based Flagler Health+ has signed a letter of intent with Gainsville-based University of Florida Health to collaborate on a comprehensive health campus in Florida.
Three for-profit hospital operators entered into several transactions in recent months. Some of the companies are selling facilities to strengthen their hospital portfolios, while others are exploring ways to expand their reach.