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…
Transactions & Valuation Issues
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…
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.…
Advertisement
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…
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…