The independent hospital is becoming increasingly rare. Squeezed by thin or negative operating margins, rising labor and drug costs, and mounting payer denials, standalone community hospitals and small nonprofit systems are increasingly determining they can no longer go it alone. …
Transactions & Valuation Issues
Farmington, Conn.-based UConn Health plans to seek state approval to integrate Bristol (Conn.) Hospital and Putnam, Conn.-based Day Kimball Hospital into the UConn Health Community Network, according to a public notice. Following the required public notice period, UConn Health Community…
From Community Health Systems’ exits from Pennsylvania and Arkansas to Prime Healthcare acquiring its 55th hospital, here are 21 hospital mergers and acquisitions completed in 2026: 1. Pittsburgh-based Allegheny Health Network finalized an affiliation agreement July 1 to acquire Beaver,…
Franklin, Tenn.-based Williamson Health plans to sell to St. Louis-based Ascension through its Tennessee market, Ascension Saint Thomas, after its board of trustees unanimously voted July 6 to pursue a change of ownership, according to a July 6 news release…
Huntsville (Ala.) Hospital Health System and Haleyville, Ala.-based Lakeland Community Hospital entered into an affiliation agreement, effective July 1. The agreement is not an acquisition or purchase, according to a July 2 Huntsville Hospital Health System news release. Lakeland Community…
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UC San Diego Health and Escondido, Calif.-based Palomar Health on July 1 completed a joint powers authority, forming a new health system called Palomar UC San Diego Health. The JPA combines Palomar Health’s community-based hospitals with the academic and specialty…
Mechanicsburg, Pa.-based Select Medical has been acquired for $3.9 billion by a consortium led by its co-founder and executive chairman Robert Ortenzio. With the close of the acquisition, Select Medical has become a privately held company, according to a June…
Pittsburgh-based Allegheny Health Network finalized an affiliation agreement July 1 to acquire Beaver, Pa.-based Heritage Valley Health System, bringing the system’s footprint to 16 hospitals. The two parties, which shared plans to affiliate in October 2025, received formal approval from…
Phoenix-based Banner Health has signed an asset purchase agreement to sell Banner Lassen Medical Center in Susanville, Calif., to an affiliate of Brentwood, Tenn.-based Quorum Health. The transaction is expected to close in December, pending regulatory approvals, according to a…
From two New Jersey systems exploring a potential merger, to UNC Health planning to take over a North Carolina hospital, here are five hospital M&A moves Becker’s reported during the week of June 22: 1. Encore Medical Center in Bryant,…