As healthcare merger and acquisition activity continued to increase in 2018, the average size of organizations participating in mergers also grew, according to Kaufman Hall's "2018 M&A in Review: A New Healthcare Landscape Takes Shape."
Transactions & Valuation Issues
Delano (Calif.) Regional Medical Center has signed an agreement to join Roseville, Calif.-based Adventist Health, though the deal still requires approval from the FTC and the California attorney general.
The Lee County Hospital Authority will sever ties with Americore, a Fort Lauderdale, Fla.-based startup that has not followed through on its commitment to reopen Lee County (Va.) Regional Medical Center, according to WJHL.
Uniontown (Penn.) Hospital will ends its six-year clinical affiliation with Pittsburgh-based UPMC and instead look to forge a partnership with Morgantown, W. Va.-based WVU Medicine, according to the Pittsburgh Post-Gazette.
The top U.S. city for healthcare mergers and acquisitions is Boston, according to an analysis by Mergermarket.
Advertisement
Cleveland Clinic unveiled new names for four Florida hospitals it acquired Jan. 1.
Philadelphia-based Thomas Jefferson University signed an agreement with Temple University, also in Philadelphia, to create an exclusive 90-day window to negotiate the acquisition of Temple University Health System's Fox Chase Cancer Center.
Ascension Wisconsin, the Glendale, Wis.-based branch of the Catholic hospital giant, is partnering with microhospital operator Emerus to open several small, neighborhood hospitals throughout the state in the next two years.
Health systems across the U.S. are looking for ways to improve the overall health of the communities they serve while cutting costs. One emerging trend to reconcile these seemingly competing goals is investing in primary care and express care sites.
Healthcare mergers and acquisitions activity is expected to rebound in 2019, increasing to $331 billion, according to a recent report from law firm Baker McKenzie and cited by CNBC.