Dallas-based Steward Health Care and Orlando (Fla.) Health have entered into a binding asset purchase agreement for Steward's northern Florida assets for $439.42 million in cash, according to Aug. 14 bankruptcy court documents obtained by Becker's.
Transactions & Valuation Issues
Gravette, Ark.-based Ozarks Community Hospital has acquired Decatur (Ark.) Medi Clinic and renamed it OCH Decatur Clinic.
Merger and acquisition activity is picking up steam this year after a decline in deal volume during the pandemic, with some large health systems reorganizing their portfolios and offloading hospitals in various markets.
Dallas-based Steward Health Care has entered into a definitive agreement to sell its physician group, Stewardship Health, to Nashville, Tenn.-based Rural Healthcare Group, part of private equity firm Kinderhook Industries, for $245 million in cash, according to an Aug. 12…
Charleston, S.C.-based Roper St. Francis Healthcare has shared plans to sell Charleston-based Roper Hospital to the Medical University Hospital Authority, a component of the Medical University of South Carolina, according to an Aug. 10 news release.
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Merger and acquisition activity is rebounding after a drop in deal volume during the pandemic, with many large health systems growing their hospital portfolios or planning to add more hospitals in the coming quarters.
Los Angeles-based Prospect Medical Holdings and CHA Partners have signed a letter of intent for CHA to acquire Upland, Pa.-based Crozer Health, a spokesperson for the system confirmed to Becker's.
Novant Health is looking to acquire a 200-provider urgent care group from Blue Cross and Blue Shield of South Carolina.
Dallas-based Tenet Healthcare has agreed to sell its 70% majority ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.
There were 5 mergers and acquisitions completed Aug. 1 that affected 40 hospitals, including one deal that created one of the largest nonprofit systems in the U.S.