Franklin, Tenn.-based Community Health Systems signed a definitive agreement on Jan. 20 to sell Crestwood Medical Center in Huntsville, Ala., to Huntsville (Ala.) Hospital Health System for $450 million. Since 2020, CHS has announced or completed the sale of 41…
Transactions & Valuation Issues
Rapid City (S.D.) Medical Center signed a letter of intent Jan. 30 to join Monument Health, a Rapid City-based community health system. The parties plan to sign definitive agreements under the LOI and close the transaction this spring, according to…
Franklin, Tenn.-based Community Health Systems has completed two sales as part of its broader effort to reshape its portfolio and reduce debt through divestitures in select markets. Vanderbilt buys CHS’ stake in Tennessee hospital In one deal, the for-profit hospital…
Farmington, Conn.-based UConn Health has received an emergency certificate-of-need application approval from Connecticut’s Office of Health Strategy to acquire Waterbury (Conn.) Hospital from bankrupt Los Angeles-based Prospect Medical Holdings. OHS cleared the path Jan. 30 for UConn Health’s Waterbury Health…
Medical Facilities Corporation completed the sale of its 64% interest in Oklahoma Spine Hospital to SSM Health Care of Oklahoma. SSM and physician partners acquired 55.5% and 8.45% of equity securities, respectively, according to a Feb. 2 news release. The full transaction…
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San Antonio-based University Health is expanding its outpatient footprint with a $50 million acquisition of two medical office towers tied to a recent hospital purchase, the San Antonio Express reported Jan. 26. In October, University Health closed its $71 million…
Franklin, Tenn.-based Community Health Systems is closer to exiting the Pennsylvania market after state regulators on Jan. 28 approved a plan for the for-profit system to sell its three hospitals to Tenor Health Foundation. The deal was first announced in…
The Pennsylvania Department of Health on Jan. 28 approved Franklin, Tenn.-based Community Health Systems’ plan to sell its three Pennsylvania hospitals to the Tenor Health Foundation. The approval comes after CHS, a for-profit system, signed a definitive agreement in October…
PeaceHealth plans to sell its South Campus property in Bellingham, Wash., as part of a broader strategy to refocus resources on its primary care facilities and invest in future service delivery. The South Campus — formerly St. Luke’s Hospital —…
Fort Wayne, Ind.-based Parkview Health has signed a letter of intent with Goshen (Ind.) Health to explore a partnership. The partnership would make Goshen Health Parkview’s largest hospital outside of Fort Wayne and establish it as a regional hub for…