Transactions & Valuation Issues

While a bankruptcy judge in Delaware approved the sale of shuttered Hahnemann University Hospital's residency program, physicians from the system's children's hospital rallied in Philadelphia for a nonprofit buyer.

A bankruptcy court judge ruled Sept. 5 that a group of six health systems in the Philadelphia area can buy Hahnemann University Hospital's residency program for $55 million, according to The Philadelphia Inquirer. 

Now that site neutrality is on everyone’s mind, Avanza is regularly called upon by hospitals and health systems to assist in converting provider-based entities, i.e., hospital outpatient department (HOPD), to freestanding, and often joint-ventured, ambulatory surgery centers (ASCs).

The American Hospital Association released a report stating that hospital acquisitions allow providers to provide better care at a lower cost to patients.

Brentwood, Tenn.-based Quorum hit an impasse in negotiations with a physician-led management company that is seeking to buy MetroSouth Medical Center in Blue Island, Ill., and save it from closure, according to a local news report in The Beverly Review.

A contract dispute between UnitedHealth Group and physician staffing company TeamHealth could indirectly affect hospitals and other providers, according to credit rating agency Moody's Investors Service.

Two Washington, D.C.-based children's health systems received regulatory approval to integrate, the organizations said Sept. 3.

KPC Global, a Santa Ana, Calif.-based hospital operator, submitted a last-minute filing Aug. 29 to participate in a bankruptcy hearing that could determine the fate of Philadelphia-based Hahnemann University Hospital's residency program, according to Philadelphia Business Journal.

Moda Health will reenter the ACA's individual health insurance exchange in Alaska after exiting the market in 2016, according to The Cordova Times. 

After a springtime lull, the healthcare industry saw transaction volumes bounce back in July, according to Bloomberg Law.