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.
Transactions & Valuation Issues
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.
Advertisement
Midland-based MyMichigan Health has completed the acquisition of St. Louis-based Ascension's Michigan locations in Standish, Tawas and Saginaw.
Franklin, Tenn.-based Community Health Systems on Aug. 1 completed the sale of Tennova Healthcare-Cleveland (Tenn.) to Vitruvian Health in Dalton, Ga.
The Jackson-based West Tennessee Healthcare board of trustees has approved a resolution for an innovative integration model to be pursued with Paris, Tenn.-based Henry County Medical Center, according to a July 30 news release shared with Becker's.
Charlottesville, Va.-based UVA Health has completed the purchase of Warrenton, Va.-based Piedmont Family Practice.
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell its three Pennsylvania hospitals to affiliates of WoodBridge Healthcare, a nonprofit organization led by healthcare veteran Joshua Nemzoff.