Dallas-based Tenet Healthcare now expects to exceed $300 million in full-year M&A spending in 2026, executives said on the for-profit system’s July 24 second-quarter earnings call. Tenet had previously projected $250 million in M&A spending in 2026. Chairman and CEO…
Transactions & Valuation Issues
Erlanger’s board of directors along with CEO Jim Coleman decided several months ago it was time to seek a partner. Not because the Chattanooga, Tenn.-based health system was struggling – quite the opposite. Erlanger was in a strong financial position,…
Brentwood, Tenn.-based Surgery Partners has entered into an agreement to sell its ownership interests in two Idaho hospitals to Salt Lake City-based Intermountain Health, which is an existing partner in the facilities. Under the agreement, Intermountain will acquire Surgery Partners’…
Erlanger Health signed a non-binding letter of intent to join Prisma Health, and AdventHealth and Intermountain Health are seeking to form a joint venture combining their greater Denver-area hospitals. Here are five hospital M&A moves Becker’s reported during the week…
Ogdensburg, N.Y.-based North Star Health Alliance said it plans to develop a strategic partnership with Rochester (N.Y.) Regional Health to help restore the bankrupt system’s long-term financial and operational stability. North Star’s boards of directors conducted a potential partner evaluation…
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Jackson-based University of Mississippi Medical Center received bankruptcy court approval July 17 to take over Greenwood (Miss.) Leflore Hospital, effective Aug. 1. The two parties signed a letter of intent in early March to explore the potential takeover. The Mississippi…
Chattanooga, Tenn.-based Erlanger Health signed a non-binding letter of intent July 22 to join Greenville, S.C.-based Prisma Health, the two nonprofit systems announced. The proposed partnership includes $2 billion in strategic capital investments to expand access to care and accelerate…
AdventHealth and Intermountain Health have signed a letter of intent to form a joint venture combining their greater Denver-area hospitals and care sites. Here are five things to know, according to a July 21 joint news release: 1. The two…
Zachary, La.-based Lane Regional Medical Center’s board of commissioners has approved the exploration of a strategic affiliation with another healthcare organization to help the hospital expand services and invest in its future, a hospital spokesperson said in a July 20…
Montrose (Colo.) Regional Health and Grand Junction, Colo.-based Community Hospital are making progress to finalize a definitive agreement by fall 2026 to create a new, tax-exempt nonprofit parent organization. The proposed partnership will allow both parties to remain independent and…