Bethlehem, Pa.-based St. Luke's University Health Network's planned acquisition of Grand View Health in Sellersville, Pa., is underway.
Transactions & Valuation Issues
Prospect Medical Holdings, a for-profit health system headquartered in Los Angeles, plans to sell 10 of its 16 hospitals amid financial challenges and an ongoing investigation by the Justice Department.
November started with a flurry of hospital mergers and acquisitions.
From CHS striking a deal to sell another hospital to General Catalyst signing a definitive agreement with Summa Health, here are 11 hospital M&A moves reported by Becker's since Nov. 1:
Franklin, Tenn.-based Community Health Systems has completed or lined up multiple hospital sales this year as part of its divestiture plan, which aims to take in about $1 billion by offloading hospitals across various markets.
Advertisement
More details have emerged regarding Evansville, Ind.-based Deaconess Health System's plan to acquire Hopkinsville, Ky.-based Jennie Stuart Health.
Franklin, Tenn.-based Community Health Systems continues to make progress on its $1 billion divestiture plan and aims to sell Merit Health Biloxi (Miss.), a 153-bed acute care hospital, to Gulfport, Miss.-based Memorial Health System.
Alhambra, Calif.-based Astrana Health has entered into a $745 million definitive agreement to acquire certain assets and businesses from Los Angeles-based Prospect Health System.
The third quarter of 2024 saw a significant increase in hospital and health system mergers and acquisitions compared to the previous quarter as well as the third quarter of 2023, according to an Oct. 31 report published by Cain Brothers,…
Akron, Ohio-based Summa Health has reached a $485 million definitive agreement to join Health Assurance Transformation Corp., according to a Nov. 7 news release.