West Reading, Pa.-based Tower Health and Drexel University completed the $50 million acquisition of St. Christopher's Hospital for Children in Philadelphia on Dec. 15.
Transactions & Valuation Issues
St. Peter's Healthcare System, a Catholic hospital system in New Brunswick, N.J., is exploring a merger with West Orange, N.J.-based RWJBarnabas Health.
Tenet Healthcare, a 65-hospital chain based in Dallas, entered into a definitive agreement Dec. 12 to sell its hospitals and other facilities in the Memphis, Tenn., area to Methodist Le Bonheur Healthcare.
At least four hospitals based in Chicago are in talks to merge into one organization, according to Crain's Chicago Business.
Corona Calif.-based KPC Group missed the court-appointed deadline to purchase four hospitals from El Segundo, Calif.-based Verity Health, which entered Chapter 11 bankruptcy in August 2018.
Advertisement
West Virginia University Medicine, a nine-hospital system in Morgantown, and The Health Plan terminated their agreement to merge.
New York Life Insurance is emerging as a top potential buyer of Cigna's nonmedical group insurance products, according to The Wall Street Journal.
Here are seven transactions involving hospitals and health systems that were announced, finalized or moved forward in the last three weeks:
Gainesville, Fla.-based UF Health will acquire Central Florida Health, a two hospital system in Leesburg, Fla.
Wellington (Fla.) Regional Medical Center, owned by for-profit hospital operator Universal Health Services, has acquired 35 acres of land in Florida for $12.3 million, according to the South Florida Business Journal.