The end of February into early March saw a wave of hospital transactions, signaling a shift in healthcare ownership and operations across the country.
Transactions & Valuation Issues
New York City-based NYU Langone Health has completed its merger with Patchogue, N.Y.-based Long Island Community Hospital, which will now be known as NYU Langone Hospital—Suffolk.
Franklin, Tenn.-based Community Health Systems has completed the sale of ShorePoint Health-Port Charlotte (Fla.) and certain assets of ShorePoint Health-Punta Gorda (Fla.) to Altamonte Springs, Fla.-based AdventHealth, effective March 1.
Ontario, Calif.-based Prime Healthcare has completed its acquisition of eight St. Louis-based Ascension hospitals in Illinois.
Nashville, Tenn.-based HCA Healthcare has completed the purchase of Lehigh Acres, Fla.-based Lehigh Regional Medical Center, from Ontario, Calif.-based Prime Healthcare.
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Yale New Haven Health (Conn.) officials said that a deal to acquire three Connecticut hospitals from Los Angeles-based Prospect Medical Holdings is now "impossible."
Fort Wayne, Ind.-based Parkview Health has signed a letter of intent to affiliate with Logansport (Ind.) Memorial Hospital, expanding its network in north central Indiana.
A consultant report filed with Georgia Attorney General Chris Carr's office by Warner Robbins, Ga.-based Houston Healthcare revealed that the system could close in one to two years without proper support, WMAZ reported Feb. 14.
Minneapolis-based Fairview Health Services has declined the proposed $1 billion merger between Duluth, Minn.-based Essentia Health and Minneapolis-based University of Minnesota.
Terre Haute, Ind.-based Union Health has submitted a new Certificate of Public Advantage application to acquire Terre Haute Regional Hospital, a 278-bed facility operated by Nashville, Tenn.-based HCA Healthcare.