Transactions & Valuation Issues

Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell Spokane, Wash.-based Rockwood Health System to Tacoma, Wash.-based MultiCare for $425 million.

Mundelein, Ill.-based Medline won three contracts from the Department of Defense to help drive greater standardization across all DOD medical treatment facilities.

Tampa, Fla.-based WellCare Health Plans will acquire White Planes, N.Y.-based Universal American for $10 per share, or approximately $600 million in total, according to Forbes.

Fitch Ratings reports more nontraditional buyers, particularly foreign capital and private equity firms, are looking to acquire healthcare real estate as real estate investment trusts' increasingly look to pare down their portfolios.

After embarking on a successful partnership with Providence Tarzana (Calif.) Medical Center in 2015, Children's Hospital Los Angeles is expanding its partnership with Renton, Wash.-based Providence Health & Services, according to Kaiser Health News.

Deerfield, Ill.-based Walgreens will transition the ownership of three retail health clinics in northeast Florida to Jacksonville, Fla.-based Baptist Health beginning in May 2017, according to Drug Store News.

Columbus, Ohio, resident John Johnson, MD, is in the process of buying the former Massillon, Ohio-based Doctors Hospital for $465,000. Dr. Johnson plans to reopen the facility in late 2017 as an outpatient and drug treatment clinic, according to IndeOnline.

Boston-based Beth Israel Deaconess Medical Center and Burlington, Mass.-based Lahey Health are discussing a possible merger. This is the fourth time the institutions have attempted to combine operations in the past five years, according to The Boston Globe.

Durham, N.C.-based Mosaic Health Solutions and Portland, Ore.-based Cambia Health Solutions merged their capital investment arms to form a new healthcare investment company, Echo Health Ventures, headquartered in Seattle.

New Orleans-based Ochsner Health System and the Louisiana Workforce Commission are accepting applications for their free medical assistant training program in spring 2017, according to The Times-Picayune.