Despite a desire to expand its hospital presence in Palm Beach County, Fla., Cleveland Clinic largely has been shut out, according to My Palm Beach Post.
Transactions & Valuation Issues
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the month of July:
The $78 million sale of bankrupt Kennewick, Wash.-based Trios Health has been pushed back several days, according to the Tri-City Herald.
King of Prussia, Pa.-based Universal Health Services has acquired the Danshell Group, which owns 25 facilities that provide disability and autism services in the U.K.
Franklin, Tenn.-based Community Health Systems completed the sale of 425-bed Munroe Regional Medical Center in Ocala, Fla., to Altamonte Springs, Fla.-based Adventist Health System on Aug. 1.
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Brentwood, Tenn.-based LifePoint Health has completed the sale of three Louisiana hospitals to Allegiance Health Management in Shreveport, La.
Morristown, N.J.-based Atlantic Health System is partnering with Optum's MedExpress to coordinate care with 11 of the company's urgent care centers in northern New Jersey, the organizations said June 28.
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of July 23:
The U.S. health services industry saw more than 200 deals occur during the second quarter of 2018 — a trend that has occurred for the 15th consecutive financial quarter, according to a recent report from professional services firm PwC.
Toledo, Ohio-based ProMedica acquired Toledo-based HCR ManorCare, the second largest provider of post-acute services and long-term care in the nation, for $4.4 billion through a joint venture with Welltower, a real estate investment trust.