An affiliation between Corvallis, Ore.-based Samaritan Health Services and Tacoma, Wash.-based MultiCare Health System has been approved by the system’s board of directors, according to an Oct. 22 news release shared with Becker’s. The two parties will sign a formal…
Transactions & Valuation Issues
Healthcare mergers and acquisitions are expected to heat up in the next two to three years. But these transactions will look different than they have in the past. Traditionally, the acquiring party seeks to expand market share or grow into…
Hartford (Conn.) HealthCare has secured the winning bid to acquire Manchester Memorial Hospital and Rockville General Hospital in Vernon, Conn., for $86.1 million, according to an Oct. 18 bankruptcy court filing cited by CT Insider. No other buyers submitted bids…
A Florida hospital’s plan to become an academic medical center is coming to fruition after 17 years. In 2008, Tallahassee Memorial HealthCare’s board outlined a plan to transform the hospital into an AMC. In September, the vision took shape through…
It was a busy week for Pittsburgh-based health systems, with UPMC negotiating a deal that would see it enter the Ohio market and Allegheny Health Network striking a deal to acquire a two-hospital system. Here are four hospital M&A moves…
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Sioux Falls, S.D.-based Sanford Health continues to expand its footprint in western South Dakota, with Black Hills Plastic Surgery anticipated to join its network by the end of the year. The Rapid City, S.D.-based practice offers cosmetic and reconstructive plastic…
Pittsburgh-based Allegheny Health Network will acquire two Pennsylvania hospitals, pending government approval. Allegheny Health Network and Beaver, Pa.-based Heritage Valley Health System have signed an affiliation agreement to expand and strengthen Heritage Valley’s services, according to an Oct. 16 joint…
New York City-based Montefiore Health System and Garnet Health have signed a letter of intent for Garnet to join the academic health system through a strategic affiliation. Garnet Health, a three-hospital system headquartered in Middletown, N.Y., serves more than 500,000…
Pittsburgh-based UPMC has signed a nonbinding letter of intent seeking to acquire Steubenville, Ohio-based Trinity Health System, which would mark the health system’s entrance into Ohio. Trinity, a three-hospital health system, is currently owned by Chicago-based CommonSpirit Health. In early…
UC San Diego Health and Escondido, Calif.-based Palomar Health received approval on Oct. 14 from the Regents of the University of California and the Palomar Health District board of directors to form a joint powers authority. “These initial approvals represent…