In 2013, there were 98 total hospital and health system transactions, an increase of 3 percent from 2012 and a 51 percent spike from 2010, according to a Kaufman Hall report.
Transactions & Valuation Issues
Christus Health, based in Irving, Texas, has acquired a 50 percent ownership interest in Clínica San Carlos de Apoquindo UC, a full-service hospital based in Santiago, Chile.
LifePoint Hospitals, based in Brentwood, Tenn., plans to continue to aggressively pursue acquisitions this year and beyond, LifePoint CFO and Executive Vice President Leif Murphy told The Deal.
New Orleans-based LCMC Health has signed a "cooperative endeavor agreement" with the Orleans Parish Hospital Service District A, meaning LCMC Health will officially operate New Orleans East Hospital.
Pittsburgh-based UPMC has agreed to sell its hospital in Dublin, Ireland, to billionaire Denis O'Brien, according to a Pittsburgh Post-Gazette report.
Advertisement
Virginia Commonwealth University Health System in Richmond and Community Memorial Healthcenter in South Hill, Va., have signed a preliminary merger deal.
TeamHealth Holdings recently combined forces with Martinsburg, West Virginia-based Salutis Emergency Specialists.
Mercy, a multistate health system based in Chesterfield, Mo., has initiated discussions to manage 249-bed Oklahoma State University Medical Center in Tulsa.
The Hawaii House Finance Committee has unanimously passed a bill that would allow public-owned Hawaii Health Systems Corp., based in Honolulu, to partner with private healthcare providers, according to a Hawaii Tribune Herald report.
Stormont-Vail HealthCare, based in Topeka, Kan., has joined the Mayo Clinic Care Network.