Capella Holdings, the parent company of Franklin, Tenn.-based Capella Healthcare, has signed a definitive agreement for Birmingham, Ala.-based Medical Properties Trust to acquire Capella for $900 million in cash.
Transactions & Valuation Issues
Some of the biggest health insurers in the nation have recently announced deals to join forces, which may push for-profit hospital operators to combine to gain leverage, according to a Bloomberg report.
The value of U.S. healthcare acquisitions so far this year has reached $356 billion, which is a record high for the sector and already tops the $326.1 billion in healthcare deals announced in all of last year, according to The…
The following healthcare mergers, acquisitions and general transactions took place or were announced in the past week.
St. Louis-based Ascension last week announced an agreement with Franklin, Tenn.-based Capella Healthcare to acquire four hospitals in Tennessee that were jointly owned by Capella and Ascension's Tennessee ministry, Saint Thomas Health.
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Methodist Healthcare (Memphis, Tenn.) has joined the Mayo Clinic Care Network, according to a Memphis Business Journal report.
Marietta, Ga.-based WellStar Health System is beginning negotiations to buy Dallas-based Tenet Healthcare's five hospitals in Georgia, according to a Georgia Health News report.
Manhattan-based NYU Langone Medical Center is moving forward with a full-asset merger with Brooklyn-based Lutheran Medical Center, according to a Crain's New York Business report.
Prime Healthcare Foundation, the nonprofit affiliate of Ontario, Calif.-based Prime Healthcare Services, has signed a letter of intent to acquire all assets of Southern Regional Medical Center in Riverdale, Ga., and to run the hospital for at least five years, according…
Traverse City, Mich.-based Munson Healthcare has partnered with St. Ignace, Mich.-based Mackinac Straits Health System to improve patient care, according to a 9&10 News report.