St. Louis-based Ascension has received Federal Trade Commission approval to move forward with its planned acquisition of AmSurg — an ambulatory surgery center operator with more than 250 facilities across 34 states — but only after agreeing to divest seven…
Transactions & Valuation Issues
Morgantown, W.Va.-based WVU Health System signed a definitive agreement June 2 to acquire Greensburg, Pa.-based Independence Health System, with plans to invest $800 million in the five-hospital system with nearly 7,000 employees, and 1,000 physicians and advanced practice providers. The…
Opelika, Ala.-based East Alabama Health will assume operations and management of Bullock County Rural Emergency Hospital in Union Springs, Ala., effective June 1. The move comes after the rural emergency hospital’s previous operator notified local leaders it would depart, prompting…
Winston-Salem, N.C.-based Novant Health has completed its acquisition of Community Hospital of Stokes, a 53-bed critical access hospital in Danbury, N.C. The Stokes County (N.C.) Board of Commissioners began searching for a new healthcare partner to purchase or lease and…
Franklin, Tenn.-based Community Health Systems exited both Pennsylvania and Arkansas following the completion of two separate divestitures, as the for-profit system continues to reshape its portfolio. CHS now comprises 60 hospitals across 12 states: Alabama, Alaska, Arizona, Florida, Georgia, Indiana,…
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Six new health systems have recently launched under fresh brands following mergers, bankruptcies and turnaround acquisitions, each clearing regulatory reviews and closing conditions before going live: 1. Two Lawton, Okla.-based hospitals — Comanche County Memorial Hospital and Southwestern Medical Center…
Fairfield Medical Center in Lancaster, Ohio, signed a nonbinding letter of intent June 1 to explore a formal partnership with Chillicothe, Ohio-based Adena Health after Fairfield’s planned acquisition by Columbus-based OhioHealth fell through. “Although regulatory hurdles created obstacles to our…
Franklin, Tenn.-based Community Health Systems sold four Arkansas hospitals June 1 to Joplin, Mo.-based Freeman Health System for $110 million, according to a CHS news release. The hospitals are part of CHS subsidiary Springdale, Ark.-based Northwest Health. The sale covers…
HCA struck an agreement to acquire an 8,000-student healthcare college, and an independent Maine hospital cleared a regulatory hurdle to joining MaineHealth. Here are three hospital M&A moves that Becker’s reported during the week of May 25: 1. York (Maine)…
York (Maine) Hospital is a step closer to joining Portland-based MaineHealth after receiving certificate-of-need approval from the state’s department of health and human services. The independent hospital signed a letter of intent in October to join MaineHealth, citing an increasingly…