Chicago-based Shore Capital Partners sold a Brentwood, Tenn.-based urgent care chain to Revelstoke Capital Partners in Denver, according to the Nashville Business Journal.
Transactions & Valuation Issues
St. Petersburg, Fla.-based All Children's Johns Hopkins Hospital and Florida Hospital Tampa agreed to an exclusive affiliation to provide the community access to high-quality pediatric care, according to the Tampa Bay Times.
Hospitals and health systems recognize the value of mergers, acquisitions and other types of partnerships in the quest to efficiently provide more coordinated care. However, the first few steps of any transaction can be challenging.
New York-based Pfizer's acquisition of San Francisco-based Medivation highlights the market trend of U.S. pharmaceutical firms pursuing targeted acquisitions rather than large, transformative ones, according to Fitch Ratings.
Knoxville, Tenn.-based TeamHealth Holdings acquired San Diego-based Grossmont Emergency Medical Group, according to TeamHealth officials.
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Mount Vernon, N.Y.-based Montefiore Health System and Bronx, N.Y.-based St. Barnabas Hospital Health System signed a letter of intent to explore a closer, more integrated relationship.
Washington (Pa.) Health System ended its partnership with Pittsburgh-based Allegheny Health Network and signed a new agreement with UMPC, also in Pittsburgh, according to the Pittsburgh Post-Gazette.
Edinburg, Texas-based Doctors Hospital at Renaissance Health System officials announced the health system's intent to expand Mission (Texas) Regional Hospital into a short-term or secondary healthcare facility, according to The Monitor.
The president of the University of Toledo (Ohio) issued a letter last week notifying faculty and staff the university is in the process of developing a plan for the University of Toledo Medical Center, The Blade reports.
2015 was a record year for healthcare investing, according to a Forbes report.