Rochester, Minn.-based Mayo Clinic Health System has signed a definitive agreement to sell its hospice operations in Southwest Minnesota to St. Croix Hospice.
Transactions & Valuation Issues
Tenor Health Partners, a hospital turnaround company, has received bankruptcy court approval to purchase Dallas-based Steward Health Care's Sharon (Pa.) Regional Hospital for $1.9 million after the hospital closed Jan. 5.
The Federal Trade Commission has updated the Hart-Scott-Rodino Act's jurisdictional thresholds and filing fees for 2025, with the size-of-transaction threshold for reporting mergers and acquisitions increasing from $119.5 million to $126.4 million.
Mercy Health-Toledo (Ohio) will launch a network of urgent cares through the acquisition of 10 facilities, with new ownership effective April 1.
Four clinics formerly owned by Renton, Wash.-based Providence are slated to reopen Jan. 13 under the PeaceHealth name.
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The beginning of the new year is off to a busy start for hospital and health system mergers and acquisitions with several deals announced, advancing or finalized.
While average hospital margins stabilized last year, consolidation trends show health systems are still facing significant financial challenges.
Dayton (Ohio) Children's has acquired two pediatric offices, Springboro, Ohio-based Cornerstone Pediatrics and Sidney, Ohio-based Shelby Pediatrics.
Ontario, Calif.-based Prime Healthcare has lined up plans to acquire 12 hospitals this year and is open to the possibility of further acquisitions should the opportunities make sense.
Rady Children's Hospital-San Diego and Orange, Calif.-based Children's Hospital of Orange County have officially merged to form Rady Children's Health, a three-hospital system with multiple primary and specialty care centers.