Transactions & Valuation Issues

Charlotte, N.C.-based Atrium Health is looking to change a state law allowing the health system to expand its footprint across the state, according to The Charlotte Observer.

Nashville, Tenn.-based Monroe Carell Jr. Children's Hospital at Vanderbilt entered into a management services agreement to operate neonatal intensive care unit services at two Chattanooga, Tenn.-based Erlanger Health System hospitals, Erlanger announced June 11.

Chicago-based Northwestern Medicine and Crystal Lake, Ill.-based Centegra Health System signed a definitive agreement to merge, Northwestern announced June 12.

June 11, 2018 - Guilford, CT – Medpricer, the leading purchased services cost management solution for the healthcare industry, today announced a new partnership with UCHealth, a nationally-recognized health care system based in Colorado.

Cleveland Clinic is expected to close on its acquisition of Vero Beach, Fla.-based Indian River Medical Center in September or October, officials said June 8, according to TCPalm.

The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of June 4.

New York City-based private equity firm KKR & Co. has entered a definitive agreement to acquire Envision Healthcare, a Nashville, Tenn.-based physician services provider, in an all-cash transaction for approximately $9.9 billion, including the assumption of debt.

Local residents voted to sell bankrupt Surprise Valley Hospital in Cedarville, Calif., to a 34-year-old entrepreneur who runs two labs in Denver, according to a California Healthline report.

UnitedHealthcare, the insurance arm of UnitedHealth Group, will acquire Peoples Health, a Metairie, La.-based Medicare Advantage plan, for an undisclosed amount, according to The New Orleans Advocate.

Toledo, Ohio-based ProMedica has reportedly begun the process to acquire Toledo-based HCR ManorCare, the second-largest post-acute and long-term care provider in the U.S., according to The Daily Reporter.