Transactions & Valuation Issues

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.

Columbus-based OhioHealth signed a nonbinding letter of intent with Lancaster, Ohio-based Fairfield Medical Center on Sept. 6.