Franklin, Tenn.-based Community Health Systems is continuing its portfolio reshaping strategy, with plans to divest nine hospitals across multiple states — Alabama, Tennessee, Arkansas and Pennsylvania — for more than $1.2 billion this year. CHS on Feb. 1 completed the…
Transactions & Valuation Issues
Sutter Health, a 27-hospital system headquartered in Sacramento, Calif., is accelerating efforts to expand beyond its home state, pursuing acquisitions, partnerships and investments aimed at building a broader national footprint. The strategy comes into focus with Sutter’s proposed acquisition of…
Two health systems seek to combine into a 39-hospital system, and one of the largest health systems in the U.S. is exploring the sale of its health plan. Here are two hospital M&A moves that Becker’s reported during the week…
Renton, Wash.-based Providence is exploring strategic options for its insurance arm, Providence Health Plan, including a potential sale, the system said in a March 19 news release shared with Becker’s. Executive Vice President and CFO Greg Hoffman, who is retiring…
In the wake of Washington, D.C.-based Risant Health’s acquisition of Danville, Pa.-based Geisinger Health, the organizations are requesting reduced capital requirements for Geisinger’s insurance business, according to a Jan. 16 filing with the Pennsylvania Insurance Department. Risant is a nonprofit…
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Sacramento, Calif.-based Sutter Health and Minneapolis-based Allina Health have signed a letter of intent for Allina to join the health system, creating a combined nonprofit organization spanning California, Minnesota and Wisconsin. The proposed transaction would create a system with 39…
From an Arkansas system reaching an agreement to add its 13th hospital to Prospect Medical Holdings offloading its final Crozer Health hospital, here are four hospital M&A moves that Becker’s reported during the week of March 9: 1. The Tallahassee…
The Tallahassee City Commission approved the transfer of city-owned Tallahassee (Fla.) Memorial HealthCare assets to Florida State University, also in Tallahassee, March 11, clearing the path for the development of an integrated academic health center. The city commissioner accepted the…
Wichita, Kan.-based Ascension Via Christi has signed a letter of intent to purchase the land and improvements associated with the former Rock Regional Hospital in Derby, Kan. The proposed acquisition reflects Via Christi’s intent to restore inpatient services at the…
Shuttered Springfield (Pa.) Hospital was purchased by KQT Aikens Partners for $1 million March 11, making it the last of Upland, Pa.-based Crozer Health’s four facilities to be sold. Los Angeles-based Prospect Medical Holdings, Crozer Health’s parent company, also sold…