Transactions & Valuation Issues

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.

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.

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.