Transactions & Valuation Issues

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. 

The Northern Michigan University Foundation has sold the former Marquette (Mich.) Hospital site to Veridea Group, a design and development management firm, for $2.5 million.  

St. Louis-based Mercy has acquired Ascension's Via Christi Hospital in Pittsburg, Kan.

Modesto, Calif.-based Stanislaus Surgical Hospital will suspend operations indefinitely, effective Sept. 14, and lay off all 160 employees, a spokesperson for the hospital confirmed to Becker's.

Detroit-based Henry Ford Health and Ascension Michigan plan to close their proposed joint venture Sept. 30 and launch on Oct. 1.