Franklin, Tenn.-based Community Health Systems has sold two Florida hospitals to Altamonte Springs, Fla.-based AdventHealth.
Transactions & Valuation Issues
Brentwood, Tenn.-based Quorum Health expects to complete the divestiture of a 106-bed hospital in California in coming months.
Priority Health, an insurer in Grand Rapids, Mich., is merging with Detroit-based insurer Total Health Care, according to the Grand Rapids Business Journal.
The board of Sarah D. Culbertson Memorial Hospital, a 22-bed rural hospital based in Rushville, Ill., voted to sell a senior assisted-living apartment complex for financial reasons, according to the Journal Star, a newspaper based in Peoria, Ill.
Allegan (Mich.) General Hospital, a 25-bed hospital, will join Ascension Michigan on Sept. 1.
Advertisement
A potential buyer says Brentwood, Tenn.-based Quorum Health refuses to negotiate a sale of MetroSouth Medical Center in Blue Island, Ill., which Quorum plans to close in September, according to the Chicago Sun-Times.
The Massena, N.Y., town board voted unanimously on Aug. 26 to sell Massena Memorial Hospital, according to WWNY.
Medical Properties Trust, a real estate investment trust, has completed two transactions that involve 24 hospitals and a total investment of about $2 billion.
The merger of Sandy Springs, Ga.-based Northside Hospital and Lawrenceville, Ga.-based Gwinnett Medical Center will be official Aug. 28.
Columbia, Mo.-based Boone Hospital Center said it will move forward independently after ending its 30-year operating agreement with St. Louis-based BJC HealthCare at the end of 2020, according to local TV station KOMU.