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,…
Transactions & Valuation Issues
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…
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Franklin, Tenn.-based Community Health Systems is continuing to reshape its hospital portfolio in 2025 through divestitures aimed at sharpening strategic focus, exiting non-core markets and reducing debt. Seven hospitals are expected to change hands this year, with several deals already…
Tampa General Hospital has shared plans to build a new hospital on a newly-acquired 53-acre lot in Citrus County, Fla. On Oct. 27, the academic health system said it had completed a purchase of the property next to its existing…
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell Commonwealth Health, a three-hospital system in Pennsylvania, to Tenor Health Foundation, a newly formed nonprofit organization. Eight things to know: 1. The deal includes Regional Hospital of Scranton…
Washington Regional Medical Center has entered into an agreement to assume operations of Physicians’ Specialty Hospital in Fayetteville, effective Dec. 1. Four things to know: 1. Physicians’ Specialty Hospital, a 20-bed facility with five operating rooms, a procedure room, an…
After working on more than 45 acute care hospital acquisitions as a healthcare attorney — along with medical groups, surgery centers and other financing transactions — Radha Savitala co-founded Tenor Health Foundation with a clear mission: rebuild financially distressed hospitals…