Reports have surfaced that GTCR, a Chicago-based private equity firm that currently manages $8 billion in assets, is looking to sell Franklin, Tenn.-based Capella Healthcare.
Transactions & Valuation Issues
Vibra Healthcare in Mechanicsburg, Pa., has completed the purchase of the final two hospitals under contract for sale in a deal with Louisville, Ky.-based Kindred Healthcare, according to a Central Penn Business Journal report.
The boards of directors of Rochester (N.Y.) General Health System and Unity Health System, also based in Rochester, have signed a merger agreement that will combine the two systems into one organization.
J.C. Blair Health System, based in Huntingdon, Pa., and Harrisburg, Pa.-based PinnacleHealth System have signed a nonbinding memorandum of understanding, a step forward in the two organizations' ongoing process of forming a partnership, according to a Central Penn Business Journal report.
Providence, R.I.-based CharterCare Health Partners and Santa Ana, Calif.-based Prospect Medical Holdings have signed a definitive asset purchase agreement to form a joint venture.
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The new board of directors at Naples, Fla.-based Health Management Associates has taken steps to evaluate and move forward with the company's pending $7.6 billion merger with Franklin, Tenn.-based Community Health Systems.
Tampa (Fla.) General Hospital and the Florida Hospital Tampa Bay Network, a system of five Tampa-area acute-care hospitals, have signed an agreement to develop new clinical programs and services together.
The market for ancillary services providers' consolidation appears to be moving at a less rapid pace than the hospital consolidation market. Twice as many hospital mergers occurred last year than in 2009.1 Driving these mergers in the hospital market are…
Community Medical Center, an independent hospital located in Missoula, Mont., has hired financial advisory firm Cain Brothers & Co. to determine if the hospital should stay independent or consider an affiliation with another provider, according to a Missoulian report.
While the hospital consolidation market continues to move at a rapid pace, the market for consolidation of ancillary services providers appears to be moving at a slower and more uneven pace. In the hospital market, there are large systems that…