As healthcare M&A activity reached new heights in 2014, it is vital to understand both the underlying causes and the ramifications of the flurry of activity.
Transactions & Valuation Issues
There were at least 23 definitive agreements signed for hospital mergers and acquisitions in the second quarter of fiscal year 2015, according to a Levin Associates report.
There is tremendous activity in the healthcare service providers sector, including anesthesia, emergency medicine, hospitalist medicine and radiology.
Culture makes for a concise culprit.
Tift Regional Health System in Tifton, Ga., has acquired Georgia Sports Medicine and Orthopedic Clinic in Tifton as well as its ambulatory surgery center, according to a report published by The Tifton Gazette.
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Waterbury (Conn.) Hospital is seeking to merge with Los Angeles-based Prospect Medical Holdings, and the for-profit hospital chain will dole out $100 million for the Connecticut facility and its affiliated businesses, according to a Hartford Courant report.
The following healthcare mergers, acquisitions and general transactions took place or were announced since July 7.
The board of directors of Coffeyville (Kan.) Regional Medical Center voted to sign a letter of intent to affiliate with Mercy Hospital Independence (Kan.) on Thursday, according to a KOAM report.
Los Altos, Calif.-based Daughters of Charity Health System has selected BlueMountain Capital Management, a private investment firm, to manage and operate the system's six hospitals and medical foundation.
Putnam, Conn.-based Day Kimball Healthcare and Hartford (Conn.) HealthCare are exploring a strategic partnership that could lead to a formal affiliation.