Phoenix-based Banner Health has signed an asset purchase agreement to sell Banner Lassen Medical Center in Susanville, Calif., to an affiliate of Brentwood, Tenn.-based Quorum Health. The transaction is expected to close in December, pending regulatory approvals, according to a…
Transactions & Valuation Issues
From two New Jersey systems exploring a potential merger, to UNC Health planning to take over a North Carolina hospital, here are five hospital M&A moves Becker’s reported during the week of June 22: 1. Encore Medical Center in Bryant,…
Encore Medical Center in Bryant, Ark., will join Little Rock-based University of Arkansas for Medical Sciences Health after the University of Arkansas board of trustees approved the system’s plan to lease and operate the facility. Encore Medical Center, a 53-licensed-bed,…
Optum is speaking with multiple large New York health systems to sell some specialties in the state, the company confirmed to Becker’s June 24. The UnitedHealth Group subsidiary is considering the sale of certain specialties, including orthopedics, general surgery and…
Many hospital leaders are getting the M&A sequence wrong, and executives who have sat on both sides of the deal table say the consequences are predictable: costly integrations, misaligned cultures and acquisitions that strain balance sheets without a clear path…
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Nashville, Tenn.-based HCA Healthcare has agreed to sell 31 home health and hospice agencies across eight states to Deaconess Associations Incorporated, a Cincinnati-based company that manages a diversified portfolio of $1 billion in healthcare services, programs, investments and community grant…
Today, sweeping consolidations do not define payer M&A. Instead, discipline, precision and — in the nonprofit world — the right partner all take precedence. Becker’s spoke with Deblina Ghosh, a principal focused on health at consulting firm EY-Parthenon, about the trends she is…
Hopkinsville, Ky.-based Jennie Stuart Health has acquired six physician practices and clinics, adding to its growing provider network. The acquisitions include Generations Primary Care, MDVIP, Hopkinsville Family Care, Western Kentucky Pulmonary Clinic, Elkton Clinic and Crofton Clinic, according to a…
Schenectady, N.Y.-based Ellis Medicine is evaluating strategic partnership options, and Albany (N.Y.) Med Health System confirmed June 22 that it has submitted a response to Ellis Medicine’s formal request for proposals. The development came the same day Ellis and Albany-based…
Flemington, N.J.-based Hunterdon Health and Edison, N.J.-based Hackensack Meridian Health signed a letter of intent June 22 to explore a proposed merger between the two nonprofit health systems. The news followed a vote by both systems’ respective boards of trustees…