Transactions & Valuation Issues

Mistakes are magnified in frothy capital markets when transaction prices and deal multiples are high.

McLaren Health Care, a 14 hospital system in Grand Blanc, Mich., has signed a letter of intent to acquire St. Luke's Hospital in Maumee, Ohio. 

Lafayette (La.) General Health and Jennings (La.) American Legion Hospital have signed a letter of intent to merge.

University of Louisville (Ky.) tried to partner with two other systems to help it buy Louisville-based Jewish Hospital and KentuckyOne Health's other assets, according to a new policy brief obtained by the Louisville Business First.

Brentwood, Tenn.-based Quorum Health has received a nonbinding proposal letter from KKR & Co., a New York City-based private equity firm, according to a Securities and Exchange Commission filing.

Passport Health Plan is among the losers in a bid to help manage Kentucky's $8 billion-a-year Medicaid business, according to the Courier Journal.

CVS Health will acquire a subsidiary of Centene Corp. in Illinois, the organizations said Dec. 2.

Mendocino Coast District Hospital directors approved an agreement that would allow Roseville, Calif.-based Adventist Health to operate the Fort Bragg, Calif.-based hospital for the next 30 years, according to The Advocate News.

Los Angeles-based Prospect Medical Holdings says it cannot consider a $50 million acquisition offer from Ontario, Calif.-based Prime Healthcare Services because it has already entered into another deal, according to the Journal Inquirer.

CVS Health-owned Aetna is considering selling its Coventry workers' compensation unit, three people familiar with the matter told The PE Hub Network.