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…
Transactions & Valuation Issues
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…
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Watertown, S.D.-based Prairie Lakes Healthcare System has merged with Sioux Falls, S.D.-based Sanford Health. Prairie Lakes employs about 800 people — including 60 providers — and serves 90,000 people in a 10-county region in northeast South Dakota and western Minnesota,…
Community Health Systems continues to reshape its hospital portfolio and an independent hospital in Maine is looking to join the state’s largest health system. Here are four hospital M&A moves Becker’s reported during the week of Oct. 27: 1. Watertown,…
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell its 80% ownership interest in two joint ventures — which own and operate Tennova Healthcare-Clarksville (Tenn.) — to Vanderbilt University Medical Center. The $600 million deal, announced Oct.…
York (Maine) Hospital has signed a letter of intent to join Portland-based MaineHealth, citing an increasingly challenging healthcare landscape. Rising labor costs, escalating pharmaceutical and supply expenses, and increasing payer denials have forced the 79-bed independent nonprofit hospital to “review…
Middletown, N.Y.-based Garnet Health plans to affiliate with Montefiore Health System, a move that health system leaders believe will secure the future of rural healthcare across the Hudson Valley and Catskills regions. The two organizations signed a letter of intent…