U.S. Bankruptcy Court Judge Christopher Lopez approved the sale of Dallas-based Steward Health Care's Odessa (Texas) Regional Medical Center and Big Spring, Texas-based Scenic Mountain Medical Center to Brentwood, Tenn.-based Quorum Health during an Oct. 11 hearing.
Transactions & Valuation Issues
Columbia, Mo.-based Boone Health and local officials are expected to sign a letter of intent Oct. 14 for a new critical access hospital in Mexico, Mo.
The Federal Trade Commission voted 5-0 to finalize changes to premerger notifications under the Hart-Scott-Rodino Act, which requires organizations to report large transactions to the FTC and Justice Department for antitrust review.
Evansville, Ind.-based Deaconess Health System's planned acquisition of Hopkinsville, Ky.-based Jennie Stuart Health has received backlash from Save Jennie Stuart, a group urging the system's board to either slow or end the acquisition, Hoptown Chronicle reported Oct. 9.
Mechanicsburg, Pa.-based Select Medical plans to run a new Temple, Texas-based inpatient rehabilitation hospital when it opens in late first quarter of 2025.
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Honolulu-based The Queen's Health Systems has acquired Ewa Beach, Hawaii-based Kahi Mohala, a behavioral health hospital, from San Francisco-based Sutter Health.
Oakland, Calif.-based Kaiser Permanente and Denver-based HCA HealthOne, part of Nashville, Tenn.-based HCA Healthcare, have expanded their relationship to provide additional healthcare access in central Denver.
Charlotte, N.C.-based Novant Health has completed the sale lease transaction of 20 facilities in Charlotte, Wilmington, N.C., and Winston-Salem, N.C., to Remedy Medical Properties and Kayne Anderson Real Estate.
Four of the largest for-profit health systems in the country have entered into multiple transactions this year as part of strategic plans to strengthen their hospital portfolios, offload certain facilities or explore ways to expand their reach.
U.S. Bankruptcy Court Judge Christopher Lopez approved Scottsdale-based HonorHealth's purchase of three Dallas-based Steward Health Care Arizona hospitals during an Oct. 3 hearing.