Three of the country’s largest nonprofit health systems are planning to sell hospitals and other assets as they work to streamline operations, sharpen their strategic focus and improve financial performance amid ongoing industry pressures. Chicago-based CommonSpirit sold CHI St. Alexius…
Transactions & Valuation Issues
Farmington, Conn.-based UConn Health has signed a letter of intent with Putnam, Conn.-based Day Kimball Hospital and Bristol (Conn.) Health for the two parties to join the health system. “This is an important step in strengthening partnerships that expand access…
Springfield, Mass.-based Baystate Health has signed a definitive agreement to acquire a financially challenged hospital in the city from Hartford, Conn.-based Trinity Health of New England. Pending regulatory approval, Baystate will acquire Mercy Medical Center, a 182-bed hospital, as well…
TPG has completed its acquisition of Optum UK, a subsidiary of UnitedHealth Group whose core asset is EMIS Group, a healthcare software company used by the United Kingdom’s NHS. The deal closed March 13, according to UK regulatory filings, and…
WVU Medicine is seeking to acquire a Pennsylvania hospital, and for-profit Quorum Health completed the sale of a Texas hospital. Here are hospital M&A moves Becker’s reported on during the week of April 20: 1. Brentwood, Tenn.-based Quorum Health completed…
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Tulsa, Okla.-based Saint Francis Health System has entered into an agreement to assume operations of MedWise Urgent Care, which operates nine locations across northeastern Oklahoma. Three things to know: 1. Saint Francis is buying the facilities from QuikTrip, a gas…
Quorum Health, a for-profit system headquartered in Brentwood, Tenn., on April 1 sold Scenic Mountain Medical Center to San Angelo, Texas-based Shannon Health System, a spokesperson for the system confirmed to Becker’s. Four things to know: 1. Shannon Health System…
Fulton County Medical Center in McConnellsburg, Pa., has signed a nonbinding letter of intent to join Morgantown, W.Va.-based West Virginia University Health System. FCMC is a 21-bed critical access hospital with more than 415 employees, according to an April 17…
Illinois regulators gave Prime Healthcare approval to acquire its 55th hospital, and an Indiana hospital signed a letter of intent to become Parkview Health’s 16th hospital. Here are three hospital M&A moves Becker’s reported during the week of April 13:…
Little Rock, Ark.-based Baptist Health reached a definitive agreement to acquire Magnolia (Ark.) Regional Medical Center. The deal, subject to customary regulatory approvals, is expected to be completed by July 12, according to an April 16 Baptist news release. On…