Transactions & Valuation Issues

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.

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. 

After failed merger attempts with Lifespan and unsuccessful acquisition talks with Partners HealthCare, Providence, R.I.-based Care New England is shifting its focus to staying independent, according to the Boston Business Journal.

The American Advanced Management Group has completed its purchase of Sonoma Specialty Hospital in Sebastopol, Calif., from the Palm Drive Health Care District, according to Sonoma West Times & News.

Centene Corp. and WellCare Health Plans received approvals from Illinois and New Jersey to merge, the organizations said Dec. 5.