Burlington, N.C.-based Labcorp has shared plans to acquire select assets from Fort Wayne, Ind.-based Parkview Health’s outreach laboratory services under a new strategic agreement. The transaction, which is expected to close in 2026, is exclusively for Parkview’s nonemergent outreach laboratory…
Transactions & Valuation Issues
Farmington, Conn.-based UConn Health has submitted a $13 million bid to take over Waterbury (Conn.) Hospital, part of Los Angeles-based Prospect Medical Holdings, according to a Nov. 11 news release. Prospect Medical owned three Connecticut hospitals, including Waterbury, and has…
Noblesville, Ind.-based Riverview Health and Fort Wayne, Ind.-based Parkview Health finalized a managed services agreement on Nov. 11 to enhance Riverview’s care commitment in Hamilton County, Ind. Under the partnership, the two parties will work to expand service access, support…
The planned partnership between Aurora, Colo.-based UCHealth and Estes Park (Colo.) Health was finalized Nov. 10 after the Larimer County board of commissioners signed off on Park Hospital District’s amended service plan to move it forward. Estes Park Health and…
The Indiana Department of Health on Nov. 9 approved a certificate of public advantage for a merger between Terre Haute-based Union Hospital and Terre Haute Regional Hospital, part of Nashville, Tenn.-based HCA Healthcare. Eight things to know: 1. The approval…
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From another prospective buyer emerging to acquire two Rhode Island hospitals to West Virginia finalizing the sale of four long-term care facilities, here are two hospital M&A moves that Becker’s reported during the week of Nov. 3: 1. Another potential…
Another prospective buyer for two Rhode Island hospitals has emerged after owner Prospect Medical Holdings sought permission from a federal bankruptcy judge to close the facilities or place them under the state’s control. A spokesperson for Ontario, Calif.-based Prime Healthcare…
Gov. Patrick Morrisey said West Virginia has finalized the sale of four long-term care facilities to Marx Development Group, a privately held, full-service real estate development firm based in Fresh Meadows, N.Y. The $60 million sale includes Hopemont Hospital in…
Salt Lake City-based Intermountain Health has signed an agreement to acquire Las Vegas-based Steinberg Diagnostic Medical Imaging. The outpatient radiology imaging company has 12 locations across the Las Vegas Valley, according to an Oct. 30 Intermountain news release. The integration…
Los Angeles-based Prospect Medical Holdings is asking a federal bankruptcy judge to either place two Rhode Island hospitals under state control or allow them to close, The Providence Journal reported Oct. 31. In November 2024, Prospect received approval to sell…