Owens & Minor, a medical device distributor, entered into a definitive agreement to acquire the surgical and infection prevention business from Halyard Health, a medical technology and device manufacturer, for $710 million.
Transactions & Valuation Issues
Franklin, Tenn.-based Community Health Systems has sold Merit Health Northwest Mississippi, a 181-bed hospital in Clarksdale, to Clinton, Tenn.-based Curae Health.
Four rural Oklahoma hospitals sued Blue Cross Blue Shield of Oklahoma for allegedly breaching contract amid an ongoing rate dispute, The Oklahoman reports.
Empower iHCC, a for-profit company based in Miami, beat out six other healthcare organizations to place the winning bid for Morehead Memorial Hospital in Eden, N.C., according to the Triad Business Journal.
Kansas City-based University of Kansas Health System and Nashville, Tenn.-based Ardent Health Services closed on their joint acquisition of St. Francis Health, a 378-bed hospital in Topeka, Kan., Nov. 1.
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A Bismarck, N.D.-based Mid Dakota Clinic physician took the stand Tuesday to voice her opposition to the health system's proposed merger with Sioux Falls, S.D.-based Sanford Health, stating the majority of her patients do not support the deal, according to…
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past month.
Brentwood, Tenn.-based Quorum Health has divested 72-bed L.V. Stabler Memorial Hospital in Greenville, Ala., to the Health Care Authority of the City of Greenville-L.V. Stabler Hospital, a public corporation.
Franklin, Tenn.-based Community Health Systems has completed the sale of Highlands Regional Medical Center, a 126-bed hospital in Sebring, Fla., to Nashville, Tenn.-based HCA Healthcare.
The Willmar, Minn.-based Rice Memorial Hospital board of directors approved a series of agreements Oct. 30 to create a regional healthcare entity in partnership with Willmar-based ACMC Health and St. Cloud, Minn.-based CentraCare Health, according to the West Central Tribune.