Kennett Square, Pa.-based Genesis HealthCare, one of the largest post-acute care providers in the U.S., has agreed to transition operations of 19 facilities to New Generation Health, a healthcare consulting firm.
Transactions & Valuation Issues
Eight transactions involving hospitals and health systems that were announced, finalized or advanced since Jan. 29:
Cumberland-based Western Maryland Health System has merged with Pittsburgh-based UPMC after less than a year of negotiations.
The state won't seek to block Frisbie Memorial Hospital in Rochester, N.H., from joining Nashville, Tenn.-based HCA Healthcare, according to Fosters.com.
Altamonte Springs, Fla.-based AdventHealth plans to sell its hospital in San Marcos, Texas, to San Antonio-based Christus Santa Rosa.
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Two home healthcare providers, Aveanna Healthcare and Maxim Healthcare Services, have terminated their proposed acquisition agreement, the Federal Trade Commission announced last week.
VillageMD, a primary care provider based in Chicago, will acquire the Summit Medical Group of Arizona.
The sale of a struggling public hospital in Louisiana could close this summer, according to NOLA.com.
Three leadership changes were made in the healthcare merger division at the Federal Trade Commission, a director with the agency wrote in a blog post Jan. 29.
ProMedica, a 13-hospital system based in Toledo, Ohio, is trying to sell its hospital in Coldwater, Mich., according to The Toledo Blade.