Transactions & Valuation Issues

Nine transactions involving hospitals and health systems announced, finalized or advanced in the last two weeks:

An advisory group formed to consider bids for New Hanover Regional Medical Center in Wilmington, N.C., has voted unanimously to recommend the hospital pursue a partnership with Winston-Salem, N.C.-based Novant Health, according to The Charlotte Observer. 

Nine of the 14 healthcare transactions in the second quarter involved for-profit sellers, including for-profit health systems looking to reshape their portfolios, according to Kaufman Hall's M&A Quarterly Activity Report. 

The Brooklyn Hospital Center in New York City is partnering with New York Cancer & Blood Specialists to build a cancer care facility.

New Martinsville, W.V.-based Wetzel County Hospital officially joined the Morgantown-based West Virginia University Health System on July 1.

Kansas City, Mo.-based Saint Luke's Health System assumed management of Allen County Regional Hospital in Iola, Kan., on July 1, according to the Kansas City Business Journal. 

Franklin, Tenn.-based Community Health Systems has completed the sale of Northern Louisiana Medical Center in Ruston to Allegiance Health Management. 

Urbana, Ill.-based Carle Health has completed its $190 million acquisition of two hospitals from Advocate Aurora Health, which has dual headquarters in Downers Grove, Ill., and Milwaukee. 

Molina Healthcare completed its acquisition of some assets of YourCare Health Plan, the insurer said July 1. 

Mount Sinai Health System and Richmond University Medical Center, both based in New York City, have entered an academic and clinical partnership, according to the Staten Island Advance.