Hospitals have been merging with greater frequency due to the challenging economics of healthcare. Most of these hospital transactions, as they are undisputedly pro-competitive, pass antitrust review by the Federal Trade Commission. Despite this and in light of our national…
Transactions & Valuation Issues
In the wake of health reform, several health systems actively pursuing acquisitions have accumulated portfolios of non-core assets. These non-core assets fall into two categories: long-term care investments (skilled nursing facilities, assisted living facilities, and rehabilitation units) and ancillary outpatient…
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Hyannis, Mass.-based Cape Cod Healthcare has no plans to merge with another healthcare organization, resisting the trend toward hospital and health system consolidation, according to a Boston Business Journal report.
Montefiore Health System, a New York City-based academic medical center, has completed its acquisition of the bankrupt Sound Shore Health System, based in New Rochelle, N.Y.
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The primary governing group for independent physicians at East Jefferson General Hospital in Metairie, La., has endorsed Nashville, Tenn.-based Hospital Corporation of America as a lease partner, according to a report from The Times-Picayune.
Lafayette (La.) General Health and American Legion Hospital in Crowley, La., have signed a letter of intent to consider a long-term lease agreement.
The Illinois Health Facilities and Services Review Board has OK'd the affiliation deal between UnityPoint Health-Methodist and Proctor Hospital, both based in Peoria, Ill., according to a Journal Star report.
What should hospitals consider when they approach a decision to sell or merge?
Baptist Health in Jacksonville, Fla., Flagler Hospital in St. Augustine, Fla., and Southeast Georgia Health System in Brunswick have signed a letter of intent to create a loose affiliation.