Santa Clara (Calif.) County's board of supervisors voted unanimously to appropriate $315 million toward its efforts to acquire East San Jose, Calif.-based Regional Medical Center from HCA Healthcare and restore services, the San Jose Spotlight reported Sept. 24.
Transactions & Valuation Issues
When an independent hospital is acquired by a multi-hospital health system, costs are generally reduced by cutting support staff and prices typically increase. Regardless of ownership status, hospitals tend to raise prices after acquisition, especially when joining a health system…
Hopkinsville, Ky.-based Jennie Stuart Health has signed a non-binding letter of intent to join Deaconess Health System, an 18-hospital system headquartered in Evansville, Ind.
Nonprofit organization WoodBridge Healthcare intends to use bond financing debt to acquire a three-hospital system in Pennsylvania from Community Health Systems, The Scranton Times-Tribune reported Sept. 23.
Katherine Shaw Bethea Hospital, an 80-bed facility in Dixon, Ill., has received approval to join Peoria, Ill.-based OSF HealthCare.
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Christus Health Ark-La-Tex, part of Irving, Texas-based Christus Health, is assuming operations of Dallas-based Steward Health Care's Wadley Regional Medical Center in Texarkana, Texas.
San Angelo, Texas-based Shannon Medical Center has acquired River Crest Hospital from King of Prussia, Pa.-based Universal Health Services, a spokesperson for UHS confirmed to Becker's.
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.