Des Moines, Iowa-based UnityPoint Health and Sioux Falls, S.D.-based Sanford Health said advice from a consulting organization influenced their decision to merge, according to the Times-Republican.
Transactions & Valuation Issues
Rochester, Minn.-based Mayo Clinic has added Saudi German Hospital Cairo in Egypt to the Mayo Clinic Care Network, a select group of independent health systems that have access to Mayo Clinic's knowledge and medical expertise.
The total number of healthcare mergers and acquisitions hit a record high in 2018, and dozens of deals have been announced so far this year.
Aspirus, a rural health system in Wausau, Wis., signed a letter of intent with Divine Savior Healthcare in Portage, Wis., the organizations announced July 10.
Berkeley Research Group has closed a deal to acquire the equity ownership of Chicago-based Prism Healthcare Partners.
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A report in The Wall Street Journal discusses the strategy used by Amazon's internal business development team — a team that has closed $20 billion in deals since January 2017.
Milwaukee and Downers Grove, Ill.-based Advocate Aurora Health signed a deal with One Medical, a membership-based primary care network, to become its "preferred health system partner" in Illinois and open new clinics in the area.
Beaumont Health, an eight-hospital system based in Southfield, Mich., has signed a letter of intent to acquire Summa Health, a four-hospital system based in Akron, Ohio.
Sound Physicians, a national healthcare organization providing hospital medicine, emergency medicine, critical care, population health, telemedicine, and physician advisory services, acquired iNDIGO Health Partners, a leading provider of hospitalist, telemedicine, and post-acute services in Michigan.
AHMC Healthcare, a Southern California-based integrated health system, is the new owner of Parkview Community Hospital Medical Center in Riverside, Calif.