Farmington, Conn.-based UConn Health has received an emergency certificate-of-need application approval from Connecticut’s Office of Health Strategy to acquire Waterbury (Conn.) Hospital from bankrupt Los Angeles-based Prospect Medical Holdings. OHS cleared the path Jan. 30 for UConn Health’s Waterbury Health…
Transactions & Valuation Issues
Medical Facilities Corporation completed the sale of its 64% interest in Oklahoma Spine Hospital to SSM Health Care of Oklahoma. SSM and physician partners acquired 55.5% and 8.45% of equity securities, respectively, according to a Feb. 2 news release. The full transaction…
San Antonio-based University Health is expanding its outpatient footprint with a $50 million acquisition of two medical office towers tied to a recent hospital purchase, the San Antonio Express reported Jan. 26. In October, University Health closed its $71 million…
Franklin, Tenn.-based Community Health Systems is closer to exiting the Pennsylvania market after state regulators on Jan. 28 approved a plan for the for-profit system to sell its three hospitals to Tenor Health Foundation. The deal was first announced in…
The Pennsylvania Department of Health on Jan. 28 approved Franklin, Tenn.-based Community Health Systems’ plan to sell its three Pennsylvania hospitals to the Tenor Health Foundation. The approval comes after CHS, a for-profit system, signed a definitive agreement in October…
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PeaceHealth plans to sell its South Campus property in Bellingham, Wash., as part of a broader strategy to refocus resources on its primary care facilities and invest in future service delivery. The South Campus — formerly St. Luke’s Hospital —…
Fort Wayne, Ind.-based Parkview Health has signed a letter of intent with Goshen (Ind.) Health to explore a partnership. The partnership would make Goshen Health Parkview’s largest hospital outside of Fort Wayne and establish it as a regional hub for…
Franklin, Tenn.-based Community Health Systems is continuing its portfolio reshaping strategy, with active plans to divest five hospitals across Alabama, Pennsylvania and Tennessee. This month, the for-profit health system signed a definitive agreement to sell Crestwood Medical Center in Huntsville,…
Saginaw, Mich.-based Covenant HealthCare and Marlette, Mich.-based Aspire Rural Health System signed a letter of intent Jan. 22 to explore a partnership that would enhance healthcare services in Michigan’s Thumb region. The nonbinding agreement would begin a formal exploration process…
Community Health Systems plans to sell an Alabama hospital for $450 million and CommonSpirit is in talks to sell more North Dakota hospitals to Altru. Here are four hospital M&A moves that Becker’s reported during the week of Jan. 19: …