Charleston, S.C.-based Roper St. Francis Healthcare has shared plans to sell Charleston-based Roper Hospital to the Medical University Hospital Authority, a component of the Medical University of South Carolina, according to an Aug. 10 news release.
Transactions & Valuation Issues
Merger and acquisition activity is rebounding after a drop in deal volume during the pandemic, with many large health systems growing their hospital portfolios or planning to add more hospitals in the coming quarters.
Los Angeles-based Prospect Medical Holdings and CHA Partners have signed a letter of intent for CHA to acquire Upland, Pa.-based Crozer Health, a spokesperson for the system confirmed to Becker's.
Novant Health is looking to acquire a 200-provider urgent care group from Blue Cross and Blue Shield of South Carolina.
Dallas-based Tenet Healthcare has agreed to sell its 70% majority ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.
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There were 5 mergers and acquisitions completed Aug. 1 that affected 40 hospitals, including one deal that created one of the largest nonprofit systems in the U.S.
San Francisco-based UCSF Health has acquired two Dignity Health hospitals.
Philadelphia-based Jefferson and Allentown, Pa.-based Lehigh Valley Health Network completed their merger Aug. 1.
Philadelphia-based Jefferson and Allentown, Pa.-based Lehigh Valley Health Network have completed their merger to form a 32-hospital system with more than 700 care sites.
Dartmouth Health in Lebanon, N.H., is integrating Valley Regional Hospital into its network.