While the healthcare industry has historically been ripe for mergers and acquisitions activity, a recent report by Morgan Stanley analysts published in October and cited by Business Insider suggests health companies' high valuations and the wealth of readily available funding…
Transactions & Valuation Issues
The number of healthcare mergers and acquisitions deals exceeded 250 in Q3, continuing the trend for the fifth consecutive quarter, according to a recent report by PricewaterhouseCoopers.
A Texas hospital that unexpectedly closed earlier this year has found a new operator, according to the Houston Chronicle.
More than 100,000 patients could be affected if a price dispute between Aetna and Miami-based Mount Sinai Medical Center goes unresolved, according to the Miami Herald.
Former Missouri Gov. Jay Dixon told residents of Asheville, N.C., to express any concerns regarding Nashville, Tenn.-based HCA Healthcare's $1.5 billion acquisition of Mission Health sooner rather than later, according to the Citizen Times.
A Toledo, Ohio-based ProMedica spokesperson confirmed the organization is backing away from proposing to acquire Summa Health, a three-hospital system in Akron, Ohio, The Blade reports.
The board of Grand Junction, Colo.-based Community Hospital has entered into a formal agreement to discuss the possibility of joining Centennial, Colo.-based Centura Health, according to The Business Times.
Ridgewood, N.J.-based Valley Hospital settled with Horizon Blue Cross and Blue Shield of New Jersey the day before a trial was set to begin on allegations that the insurer pushed smaller community hospitals out of the market, according to NJ.com.
Altamonte Springs, Fla.-based Adventist Health System quietly placed one of its hospitals that was severely damaged last year by Hurricane Irma on sale for $2.5 million, according to The Daytona Beach News-Journal.
Farmington-based UConn Health is searching for a potential partnership to boost its financial future, according to HartfordBusiness.com.