The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week.
Transactions & Valuation Issues
Global healthcare merger and acquisition activity has doubled this year compared with the same time in 2014, according to a Reuters report.
UC San Diego Health System is partnering with San Diego-based Scripps Health to provide improved continuity of patient care, fellowship training and research in hospice and palliative medicine.
Although there is rapid consolidation occurring in the healthcare industry, some hospitals are choosing to steer clear of a merger and reap the benefits of an affiliation instead.
Spartanburg (S.C.) Regional Healthcare System could take over Union, S.C.-based Wallace Thomson Hospital and Ellen Sagar Nursing Home as part of a bankruptcy settlement plan for the Union Hospital District, according to The State.
Philadelphia-based Penn Medicine, the parent organization of University of Pennsylvania Health System, has finalized an agreement to acquire Lancaster (Pa.) General Health.
Houston-based Nobilis Health has entered into an agreement to acquire Victory Medical Center Houston, a surgical hospital located near the Texas Medical Center.
Louisville, Ky.-based payer Humana announced Tuesday its home care division, Humana At Home, has acquired Deerfield Beach, Fla.-based Your Home Advantage, a nurse practitioner home health service. The transaction will enhance Humana At Home's services and integration across its clinical…
Nashville, Tenn.-based Hospital Corporation of America's relationship with Tulane University in New Orleans has caused the hospital operator's discussions about taking over East Jefferson General Hospital in Metairie, La., to end, according to The Times-Picayune.
In a recent press release by BDO Solutions, they announced a recent merger with Systemgroup Consulting, a technology consulting firm.