With deals being generated by favorable credit markets and cash-rich balance sheets, mergers and acquisitions in the healthcare industry are expected to continue unabated next year, according to results from the KPMG M&A Outlook survey.
Transactions & Valuation Issues
Connecticut approved the joint venture agreement between for-profit Dallas-based Tenet Healthcare and the nonprofit Waterbury (Conn.) Hospital, given a list of 21 conditions released Monday, according to The Hartford Courant.
Long Beach, Calif.-based Molina Healthcare, through its subsidiary Molina Healthcare of Florida, has entered into a definitive agreement with First Coast Advantage — a provider service network affiliated with the University of Florida Jacksonville Healthcare and UF Health Jacksonville —…
As Los Altos Hills, Calif.-based Daughters of Charity Health System hospitals continue to lose money, DCHS President and CEO Robert Issai has urged those opposed to the sale of the system to Ontario, Calif.-based Prime Healthcare to reconsider, according to…
The following hospital mergers, acquisitions and general transactions took place or were announced in November, beginning with the most recent.
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Birmingham, Ala.-based HealthSouth, an inpatient rehabilitation hospital operator, has signed a definitive agreement to acquire EHHI Holdings, which owns Dallas-based Encompass Home Health and Hospice, for $750 million.
More hospitals and health systems are participating in affiliations, collaborations, joint ventures and partnerships rather than true mergers and acquisitions, according to a recent Irving Levin Associates report.
The following hospital mergers, acquisitions and affiliations took place or were announced within the past week, beginning with the most recent.
Huntsville (Ala.) Hospital Health System will join Curae Health, a new nonprofit health system that will include three hospitals in northwest Alabama, as part of a strategic affiliation agreement that was signed by both parties, according to a news release.
Despite receiving scrutiny for several legal and billing issues in recent years, Ontario, Calif.-based for-profit hospital operator Prime Healthcare Services has made yet another massive push to expand its footprint.