Ontario, Calif.-based Prime Healthcare plans to acquire nine Illinois hospitals and various post-acute facilities from St. Louis-based Ascension for a base purchase price of $375.8 million, a spokesperson for the health system confirmed to Becker's.
Transactions & Valuation Issues
WoodBridge Healthcare, a nonprofit organization, has received the necessary approvals to borrow $180 million for the acquisition of CommonWealth Health, a three-hospital system in Pennsylvania, from Franklin, Tenn.-based Community Health Systems.
Aurora, Colo-based UCHealth signed a letter of intent on Oct. 3 for Estes Park (Colo.) Health to join UCHealth in 2025.
Columbia, Mo.-based Boone Health and local officials signed a letter of intent Oct. 14 to develop a Medicare-certified critical access hospital in Mexico, Mo.
Quest Diagnostics, a laboratory services business, has completed its purchase of select laboratory assets from Columbus-based OhioHealth.
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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.
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.