Brentwood, Tenn.-based Quorum Health, the 28-hospital spinoff of Franklin, Tenn.-based Community Health Systems, entered into a definitive agreement to sell a 45-bed hospital in Tennessee, the health system announced July 27.
Transactions & Valuation Issues
Maine Medical Center, a 637-bed facility in Portland, will buy local restaurant Pizza Villa as part of its $512 million expansion project, the Portland Press Herald reports.
Milwaukee-based Froedtert Health & the Medical College of Wisconsin acquired the former Wisconsin Heart Hospital in Wauwatosa from Ascension Wisconsin.
Highlands-Cashiers Hospital, a 24-bed acute care facility in Highlands, N.C., will stick with Asheville, N.C.-based Mission Health as Mission pursues a sale agreement with one of the nation's largest hospital chains, according to Blue Ridge Public Radio.
Fremont (Neb.) Health finalized its affiliation with Nebraska Methodist Health System, a three-hospital system in Omaha, July 23, according to Live Well Nebraska.
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Residents of Surprise Valley, Calif., are concerned a proposed deal to sell Cedarville, Calif.-based Surprise Valley Community Hospital may fall through, as the potential buyer has not been seen for weeks and the websites for his healthcare businesses have been…
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of July 16.
Mergers and acquisitions continue in healthcare as the industry sees more consolidation nationally and globally.
Private equity firm Apollo Global Management will purchase Brentwood, Tenn.-based LifePoint Health for $5.6 billion including debt, the two entities announced July 23.
The Massachusetts Health Policy Commission released its preliminary report on the proposed merger of Boston-based Beth Israel Deaconess Medical Center, Burlington, Mass.-based Lahey Health and three other healthcare organizations July 18, stating the merger would raise healthcare costs by tens…