St. Joseph Hospital Orange (Calif.) has sold one of its medical office buildings to IRA Capital, a California-based private equity firm.
Transactions & Valuation Issues
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.
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.
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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.
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.