Washington, D.C., has reached a $375 million deal with King of Prussia, Pa.-based Universal Health Services to replace a troubled hospital in the region, according to The Washington Post.
Transactions & Valuation Issues
Yakima, Wash.-based Astria Health, which filed for Chapter 11 bankruptcy in 2019, has taken its hospitals off the market, according to KIMA.
Franklin, Tenn.-based Community Health Systems announced April 27 that it has signed definitive agreements to sell two hospitals in Texas and to divest its stake in a Florida hospital.
Brentwood, Tenn.-based Quorum Health, which operates 23 hospitals across the U.S., is selling its hospital in Galesburg, Ill., according to The Register-Mail.
Below are six hospital transactions or partnerships that have been delayed or called off since Jan. 1, beginning with the most recent:
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U.S. Rep. David Cicilline, D-R.I., the House antitrust chairman, is proposing a temporary ban on most mergers until the COVID-19 pandemic ends, according to Politico.
A bankruptcy judge has signed off on AHMC Healthcare's $40 million offer to buy two California hospitals from Verity Health, according to The Wall Street Journal.
Southfield, Mich.-based Beaumont Health is delaying its merger with Akron, Ohio-based Summa Health due to the COVID-19 pandemic, Beaumont CEO John Fox said during a news briefing April 21.
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell San Angelo (Texas) Community Medical Center.
Hospitals are facing extreme financial pressures due to COVID-19 that will have lasting effects on the healthcare merger and acquisition market, according to investment banking firm Juniper Advisory.