York (Maine) Hospital has signed a letter of intent to join Portland-based MaineHealth, citing an increasingly challenging healthcare landscape. Rising labor costs, escalating pharmaceutical and supply expenses, and increasing payer denials have forced the 79-bed independent nonprofit hospital to “review…
Transactions & Valuation Issues
Middletown, N.Y.-based Garnet Health plans to affiliate with Montefiore Health System, a move that health system leaders believe will secure the future of rural healthcare across the Hudson Valley and Catskills regions. The two organizations signed a letter of intent…
Franklin, Tenn.-based Community Health Systems is continuing to reshape its hospital portfolio in 2025 through divestitures aimed at sharpening strategic focus, exiting non-core markets and reducing debt. Seven hospitals are expected to change hands this year, with several deals already…
Tampa General Hospital has shared plans to build a new hospital on a newly-acquired 53-acre lot in Citrus County, Fla. On Oct. 27, the academic health system said it had completed a purchase of the property next to its existing…
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell Commonwealth Health, a three-hospital system in Pennsylvania, to Tenor Health Foundation, a newly formed nonprofit organization. Eight things to know: 1. The deal includes Regional Hospital of Scranton…
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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…
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…