Transactions & Valuation Issues

The board for Desert Healthcare District and Foundation is working to "clarify and refine some language" around a noncompete clause in its hospital lease purchase agreement with Dallas-based Tenet Healthcare, according to a June 21 release shared with Becker's.

Cross-market mergers and acquisitions are becoming more prominent as health systems diversify their portfolios, strengthen bargaining power and pursue further economies of scale amid challenging financial headwinds.

Greenville, S.C.-based Prisma Health plans to enter a new state by acquiring Blount Memorial Hospital, a 304-bed community hospital in Maryville, Tenn.

Boston-based Arches Medical Partners'  physician group will leave CharterCare Provider Group, part of Los Angeles-based Prospect Medical Holding, and partner with Integra Community Care Network, part of Providence, R.I.-based Care New England Health System, according to a July 18 news…

A bipartisan group of legislators introduced a bill in the House of Representatives that would allow for new physician-owned hospitals.

Morristown, N.J.-based Atlantic Health System plans to form a joint venture with Premier Health Associates, a multispecialty group focusing on primary care across 16 locations in New Jersey and Pennsylvania.

The planned merger between Cincinnati-based grocery store chain Kroger and Boise, Idaho-based Albertsons will not interfere with pharmacy and healthcare service operations at the 579 stores the companies plan to sell to Keene, N.H.-based C&S Wholesale Grocers. 

Sioux Falls, S.D.-based Sanford Health and Marshfield (Wis.) Clinic Health System have signed a nonbinding agreement to merge into a 56-hospital system with more than 56,000 employees, including 4,300 providers. 

OhioHealth, based in Columbus, signed an agreement to sell certain assets of its outreach laboratory services business to Quest Diagnostics.

WellSpan Health has added 131-bed Evangelical Community Hospital in Lewisburg, Pa., to its network.