Sioux Falls, S.D.-based Sanford Health and Des Moines, Iowa-based UnityPoint Health have called off plans to merge into an $11 billion, 76-hospital system.
Transactions & Valuation Issues
A division of Nashville, Tenn.-based HCA Healthcare sold a 65-bed long-term acute care hospital to a Dallas-based specialty hospital operator.
Trillium Community Health Plan was dealt a blow late last week after Oregon officials notified the insurer that it cannot expand into the Portland, Ore., market, according to The Oregonian.
Nashville (Tenn.) General Hospital wants to open more satellite locations in the state, according to the Nashville Tennessean.
Citing an alleged breach of contract, Eureka Springs (Ark.) Hospital has terminated its management lease with Shreveport, La.-based Allegiance Health Management, according to local news station KY3.
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Huntsville (Ala.) Hospital Health System is forming a joint venture partnership with Urgent Team Family of Urgent Care & Walk-In Centers to build and operate a network of urgent care centers in Alabama, according to AL.com
Four for-profit hospital operators entered into several transactions in recent months. Some of the companies are selling off facilities to strengthen their hospital portfolios, while others are exploring ways to expand their reach.
Alexander City, Ala.-based Russell Medical will become part of the Birmingham, Ala.-based UAB Health System.
Springfield, Mass.-based Baystate Health has abandoned its plan to build a behavioral health hospital with US HealthVest after reports of substandard care surfaced at some of the for-profit company's facilities, according to Mass Live.
Several large hospitals and health systems announced plans this year to expand overseas.