There have been 46 healthcare deals with prices exceeding $1 billion so far this year. Although those transactions only make up 4 percent of the 1,161 healthcare mergers and acquisitions that have taken place this year, they make up 85…
Transactions & Valuation Issues
The following hospital mergers, acquisitions and affiliations took place or were announced within the past week, beginning with the most recent.
For-profit Dallas-based Tenet Healthcare Corp. will not be expanding into Connecticut as previously planned.
Boston Medical Center, the largest safety net hospital in Massachusetts, and Tufts Medical Center in Boston have confirmed they are discussing a merger, according to a Boston Globe report.
Good Samaritan Health System in Lebanon, Pa., has signed an affiliation agreement to join nonprofit WellSpan Health, based in York, Pa.
Although full change-of-ownership deals dropped this year, merger and acquisition activity is expected to pick back up in 2015, says Jordan Shields, vice president of Juniper Advisory, an investment bank that works exclusively with hospitals and health systems.
For-profit Dallas-based Tenet Healthcare Corp. has plans to purchase Waterbury (Conn.) Hospital as well as St. Mary's Hospital in Waterbury, but proposed conditions for the purchase may stand in the way, according to a Hartford Courant report.
Franklin, Tenn.-based hospital healthcare giant Community Health Systems announced plans to close the sale of 133-bed Newport, Ark.-based Harris Hospital and its outpatient facilities early in the first quarter of 2015, according to Arkansas Business.
Onslow Memorial Hospital in Jacksonville, N.C., is now one step closer to entering into a partnership agreement, as members of the hospital's board have voted to enter into exclusive negotiations with CarolinaEast Medical Center in New Bern, N.C., and Vidant…
San Francisco-based Blue Shield of California, an independent member of the Blue Cross Blue Shield Association, has entered into a definitive agreement to acquire Care1st Health Plan, a managed care company based in Los Angeles County.