Greenville, S.C.-based Prisma Health expects its acquisition of Maryville, Tenn.-based Blount Memorial Hospital to close Dec. 1 after receiving approval from the Blount County Commission.
Transactions & Valuation Issues
Sioux Falls, S.D.-based Sanford Health is acquiring Black Hills Surgical Hospital in Rapid City, a physician-owned surgical hospital.
Bethlehem, Pa.-based St. Luke's University Health Network's planned acquisition of Grand View Health in Sellersville, Pa., is underway.
Prospect Medical Holdings, a for-profit health system headquartered in Los Angeles, plans to sell 10 of its 16 hospitals amid financial challenges and an ongoing investigation by the Justice Department.
November started with a flurry of hospital mergers and acquisitions.
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From CHS striking a deal to sell another hospital to General Catalyst signing a definitive agreement with Summa Health, here are 11 hospital M&A moves reported by Becker's since Nov. 1:
Franklin, Tenn.-based Community Health Systems has completed or lined up multiple hospital sales this year as part of its divestiture plan, which aims to take in about $1 billion by offloading hospitals across various markets.
More details have emerged regarding Evansville, Ind.-based Deaconess Health System's plan to acquire Hopkinsville, Ky.-based Jennie Stuart Health.
Franklin, Tenn.-based Community Health Systems continues to make progress on its $1 billion divestiture plan and aims to sell Merit Health Biloxi (Miss.), a 153-bed acute care hospital, to Gulfport, Miss.-based Memorial Health System.
Alhambra, Calif.-based Astrana Health has entered into a $745 million definitive agreement to acquire certain assets and businesses from Los Angeles-based Prospect Health System.