Washington Regional Medical Center has entered into an agreement to assume operations of Physicians’ Specialty Hospital in Fayetteville, effective Dec. 1. Four things to know: 1. Physicians’ Specialty Hospital, a 20-bed facility with five operating rooms, a procedure room, an…
Transactions & Valuation Issues
After working on more than 45 acute care hospital acquisitions as a healthcare attorney — along with medical groups, surgery centers and other financing transactions — Radha Savitala co-founded Tenor Health Foundation with a clear mission: rebuild financially distressed hospitals…
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…
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…
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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…
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…