Transactions & Valuation Issues

Greenberg Advisors, a Rockville, Md.-based mergers and acquisitions adviser to the healthcare industry, celebrated its 10-year anniversary in March.

Brentwood, Tenn.-based Duke LifePoint Healthcare and UnitedHealthcare reached an agreement for the health system's employed physicians after a four-month lapse, according to ABC 13 WLOS.

U.S. Bankruptcy Court Judge Ernest Robles has given the OK for Santa Ana Calif.-based KPC Group to acquire four hospitals from nonprofit hospital chain Verity Health, KPC Group announced.

In the1990s, healthcare systems merged at unsustainable rates. Today, with dropping inpatient volumes, systems are exploring multiple ways to stay relevant, such as entering the outpatient space, rethinking partnerships and expanding access to care through technology.

In the first quarter of 2019, the quarterly volume of announced acute care hospital merger and acquisition activity reached its lowest point since the fourth quarter of 2009, according to an analysis by Ponder & Co.

Ripley, W. Va.-based Jackson General Hospital is set to be the fifth hospital to join the West Virginia University Health System in two years, according to WVMetroNews.com.

The total number of healthcare mergers and acquisitions hit a record high in 2018, and several deals have closed so far this year. 

Fort Bragg, Calif.-based Mendocino Coast District Hospital's board of directors will seek a potential lease or sale, the hospital's interim CEO said April 11, according to the Fort Bragg Advocate-News.

Elite Medical Center, a Las Vegas-based acute care hospital that some experts say is operating similarly to a 24/7 freestanding emergency room, doesn't contract with any payers, according to the Milbank News.

Brentwood, Tenn.-based Quorum Health has completed the sale of Scenic Mountain Medical Center, a 146-bed hospital in Big Spring, Texas, to Dallas-based Steward Health Care.