Transactions & Valuation Issues

The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.

Franklin, Tenn.-based Community Health Systems has acquired an 80 percent ownership interest in Physicians' Specialty Hospital in Fayetteville, Ark.

Nashville, Tenn.-based HCA Holdings has completed its acquisition of Forest Park Medical Center – Frisco (Texas) from Sabra Health Care REIT.

Franklin, Tenn.-based Community Health Systems expects its spinoff Quorum Health Corp., to launch April 29.

Bert Fish Medical Center in New Smyrna Beach, Fla., has joined the East Florida Region of Altamonte Springs, Fla.-based Adventist Health System.

Alpena (Mich.) Regional Medical Center has joined Midland-based MidMichigan Health as the fifth hospital in the system.

Dallas-based Tenet Healthcare sold its five Atlanta-area hospitals and 26 physician clinics to Marietta, Ga.-based WellStar Health System for $575 million in cash.

Elliot Health System, a single-hospital system in Manchester, N.H., put out a request for acquisition proposals and Nashville, Tenn.-based Hospital Corporation of America and Burlington, Mass.-based Lahey Health have been chosen as bidding finalists, according to the Boston Business Journal.

A merger between three medical supply distributors — A Medical Supply Company, Kreisers and Seneca Medical — has created a new company with approximately $1.4 billion in annual sales, according to the St. Louis Business Journal.

Sioux Falls, S.D.-based Sanford Health bought Sanford Tracy Medical enter from the city of Tracy, Minn., according to the Argus Leader.