Farmington, Conn.-based UConn Health, in partnership with the state, plans to invest around $250 million over the next five years in Waterbury (Conn.) Hospital. UConn Health received approval from the Connecticut General Assembly to purchase Waterbury Hospital, part of Los…
Transactions & Valuation Issues
Prospect Medical Holdings and Rhode Island Attorney General Peter Neronha reached a deal that will keep two of the state’s hospitals open through January as The Centurion Foundation works to secure financing to acquire the facilities, The Providence Journal reported…
From a new health system forming in Oklahoma to Prime Healthcare ending discussions to acquire two Rhode Island hospitals, here are four hospital M&A moves that Becker’s reported during the week of Dec. 1: 1. Prime Healthcare Foundation, the nonprofit…
Harrison County Hospital in Corydon, Ind., plans to affiliate with Evansville, Ind.-based Deaconess Health System, effective Jan. 1. The affiliation will bring expanded resources and stronger support for patients while allowing the hospital to remain locally owned and led, according…
Prime Healthcare Foundation, the nonprofit arm of Ontario, Calif.-based Prime Healthcare, has decided not to pursue the acquisition of two Rhode Island hospitals owned by bankrupt Prospect Medical Holdings. Prime was approached by Rhode Island officials in November regarding the…
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Five new health systems have launched under fresh brands this year after passing their respective hurdles and closing conditions: 1. Two Lawton, Okla.-based hospitals — Comanche County Memorial Hospital and Southwestern Medical Center — on Dec. 1 merged to form…
Two Lawton, Okla.-based hospitals — Comanche County Memorial Hospital and Southwestern Medical Center — have officially merged to form Memorial Health System of Southwest Oklahoma, marking the completion of a major regional health system combination. The announcement came Dec. 2…
A lease between Tulsa, Okla.-based Saint Francis Health System and Bristow (Okla.) Hospital Authority was approved Nov. 25 by the Bristow City Council. Under the transition, Saint Francis will take over Bristow-based Carrus Lakeside Hospital in February 2026 to ensure…
Estes Park (Colo.) Health officially joined Aurora, Colo.-based UCHealth Dec. 1 as UCHealth Estes Valley Medical Center. “This not only gives us financial stability and additional access to resources and subject matter experts, but also assistance in recruiting and retaining…
Ontario, Calif.-based Prime Healthcare’s nonprofit public charity, Prime Healthcare Foundation, has received state approval to acquire Lewiston-based Central Maine Healthcare. “As this transaction continues through the regulatory and closing process, we remain committed to our mission of saving hospitals, ensuring…