Transactions & Valuation Issues

After announcing plans to partner last December, Olivia, Minn.-based RC Hospital & Clinics has officially joined Bloomington, Minn.-based HealthPartners. 

Fort Bragg, Calif.-based Mendocino Coast District Hospital has joined Roseville, Calif.-based Adventist Health, according to the Fort Bragg Advocate News.

Hoag Memorial Hospital Presbyterian, a two-hospital network based in Newport Beach, Calif., is trying to sever its ties to Renton, Wash.-based Providence. 

Nashville, Tenn.-based HCA Healthcare has acquired two Florida hospitals from Franklin, Tenn.-based Community Health Systems. 

Change Healthcare acquired the pharmaceutical information technology firm eRx Network for $212.9 million, the company announced May 4.

Ten transactions involving hospitals and health systems announced, finalized or advanced since April 14:

The date that St. Luke's Health System will take over Allen County Regional Hospital in Iola, Kan., has been pushed back due to the COVID-19 pandemic, according to the Iola Register.

Molina Healthcare entered into a definitive agreement to acquire a managed care unit within Magellan Health, the companies said April 30. 

Health insurance startup Bright Health closed its acquisition of Brand New Day, a California-based Medicare Advantage health plan, on April 30.

West Virginia University Health System, an 11-hospital system based in Morgantown, has received a certificate of need from the state and signed a long-term lease to assume operation of Wetzel County Hospital in New Martinsville, W.Va.