Pittsburgh-based UPMC has signed a nonbinding letter of intent seeking to acquire Steubenville, Ohio-based Trinity Health System, which would mark the health system’s entrance into Ohio. Trinity, a three-hospital health system, is currently owned by Chicago-based CommonSpirit Health. In early…
Transactions & Valuation Issues
UC San Diego Health and Escondido, Calif.-based Palomar Health received approval on Oct. 14 from the Regents of the University of California and the Palomar Health District board of directors to form a joint powers authority. “These initial approvals represent…
Los Angeles-based Prospect Medical Holdings has identified the winning bids at a bankruptcy auction for two of its shuttered Pennsylvania hospitals, The Philadelphia Inquirer reported Oct. 14. Five things to know: 1. Chariot Allaire Partners submitted the winning $10 million…
Hospital transactions increased in the third quarter amid policy and funding changes, according to Kaufman Hall’s “M&A Quarterly Activity Report: Q3 2025” released Oct. 14. “Now that the One Big Beautiful Bill has passed, hospitals and health systems have more…
A federal bankruptcy judge granted Los Angeles-based Prospect Medical Holdings’ motion to abandon two shuttered Pennsylvania properties should efforts to sell the properties fall through, NPR affiliate WHYY reported Oct. 10. Five things to know: 1. On Oct. 3, Prospect…
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Two New Jersey health systems scrapped merger plans, and UW Health is eyeing a possible hospital acquisition. Here are two hospital M&A moves that Becker’s reported during the week of Oct. 6: 1. Madison, Wis.-based UW Health and Marshfield (Wis.)…
Madison, Wis.-based UW Health and Marshfield (Wis.) Clinic Region of Sanford Health are in talks concerning Marshfield Medical Center-Beaver Dam (Wis.) and its associated clinics and healthcare facilities joining UW Health. “While these conversations are still in the early stages,…
Atlantic Health and Saint Peter’s Healthcare System have decided not to move forward with their planned member substitution transaction, the systems announced Oct. 6. The two New Jersey-based organizations signed a definitive agreement in June that would have brought Saint…
A deal to transform Summa Health into a for-profit health system was finalized, and Deaconess Health System completed the acquisition of its 19th hospital. Here are five hospital M&A moves that Becker’s reported during the week of Sept. 29: 1.…
Hopkinsville, Ky.-based Jennie Stuart Health has officially joined Evansville, Ind.-based Deaconess Health System, becoming the 19th hospital in the system’s network. Under the new acquisition, Jennie Stuart will retain its name and culture while gaining access to Deaconess’ resources and…