Jersey City, N.J.-based CarePoint Health and Hudson Regional Hospital in Secaucus, N.J., have signed a letter of intent to combine under a new management company, Hudson Health System, which will incorporate the acute care facilities of both organizations.
Transactions & Valuation Issues
Cincinnati-based Mercy Health acquired the Orthopedic Institute of Western Kentucky in Paducah, effective Jan. 1.
Editor's Note: The headline for this article in the Becker's Hospital Review E-newsletter on Jan. 12 stated that Penn Medicine would acquire six hospitals, which is incorrect. Penn Medicine is a six-hospital system and would become a seven-hospital system should the…
Hospital and health system merger and acquisition activity increased 27% year over year to 75 announced transactions in 2023, according to a report published Jan. 2 by Cain Brothers, a division of Key Banc Capital Markets.
Labcorp and Quest Diagnostics are snapping up lab businesses from health systems across the U.S. Here are seven deals Becker's has reported since March 20:
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Health systems are pursuing joint ventures and service line partnerships in multiple sectors this year, including outpatient surgery, behavioral health, post-acute care, physician services, urgent care and hospital-at-home programs.
The Federal Trade Commission has begun a review of Pittsburgh-based UPMC's plans to acquire Washington Health System, according to a Jan. 10 Pittsburgh Post-Gazette report.
Hills & Dales Healthcare, based in Cass City, Mich., and UnitedHealthcare Partners, based in Marlette, Mich., have joined forces to create a three-hospital system.
Gunnison (Colo.) Valley Health is in talks with Vail-Summit Orthopaedics and Neurosurgery to acquire ownership of several of its locations, a spokesperson for the physician group told Becker's.
Duluth, Minn.-based Essentia Health and Marshfield (Wis.) Clinic Health System have ended efforts to combine into a 25-hospital regional health system.