A Reuters report has sparked rumors of the potential sale of Franklin, Tenn.-based Capella Healthcare by private equity firm GTCR. Citing sources close to the matter, Reuters reports GTCR has hired Bank of America Merrill Lynch to seek a buyer…
Transactions & Valuation Issues
The summer of 2013 was an eventful season for the for-profit hospital market. First, Dallas-based Tenet Healthcare Corp. agreed to buy Nashville, Tenn.-based Vanguard Health Systems in June in a transaction valued at $4.3 billion. Less than two months later,…
Worcester, Mass.-based UMass Memorial Health Care and Baystate Health in Springfield, Mass., have signed a nonbinding letter of intent to explore possible opportunities for collaboration.
Cincinnati-based Catholic Health Partners is restructuring a proposed deal to become a minority owner of Akron, Ohio-based Summa Health System in response to the Catholic Diocese of Cleveland's rejection of the strategic partnership, according to an Akron Beacon Journal report.
Cheshire Medical Center/Dartmouth-Hitchcock Keene (N.H.) and Dartmouth-Hitchcock have entered into negotiations to explore a "closer affiliation" from their current agreement.
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Tulare (Calif.) Regional Medical Center, a 112-bed public hospital, has begun a valuation process to find a lease or affiliation partner, according to a Visalia Times-Delta report.
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.
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.