Transactions & Valuation Issues

For the past few decades, health systems have struggled to find ways to boost revenue amid growing financial stress. The pressure on hospitals has steadily built up over the years, especially in wake of the pandemic. The answer for many…

Labcorp and Quest Diagnostics are snapping up lab assets from several health systems. Here are seven deals that Becker's has reported in 2024: 

Bethlehem, Pa.-based St. Luke's University Health Network is in talks to acquire Grand View Health in Sellersville, Pa., The Philadelphia Inquirer reported Sept. 16. 

Tucson, Ariz.-based Northwest Urgent Care, a subsidiary of Community Health Systems, has signed a definitive agreement to acquire 10 urgent care centers in the state from Carbon Health, Carbon Health, a primary and urgent care provider headquartered in San Francisco.

Toledo, Ohio-based ProMedica has signed a definitive asset purchase agreement with Insight Health System, under which Insight will acquire Coldwater (Mich.) Regional Hospital.

Quest Diagnostics has completed the acquisition of certain laboratory assets from Minneapolis-based Allina Health.

From Community Health Systems looking to exit Pennsylvania, to HCA seeking to acquire a New Hampshire health system, here are five deals involving publicly traded for-profit health systems that have yet to close: 

New Hyde Park, N.Y.-based Northwell Health's merger with Danbury, Conn.-based Nuvance Health received approval from New York State, acting through the Public Health and Health Planning Council.

U.S. Bankruptcy Court Judge Christopher Lopez approved the sale of three Dallas-based Steward Health Care hospitals in Florida to Orlando (Fla.) Health for $439.42 million in cash ina Sept. 10 court hearing. 

Oakland, Calif.-based Kaiser Permanente and Chicago-based CommonSpirit Health have expanded collaboration through a long-term agreement in Colorado.