Academic health systems are coming to the rescue of community hospitals through creative alignments, partnerships and acquisitions to ensure access to care.
Transactions & Valuation Issues
Mercy Health and Brentwood, Tenn.-based Lifepoint Health have completed a joint venture agreement to operate Rogers (Ark.) Rehabilitation Hospital, a 140-bed facility, which is now named Mercy Rehabilitation Hospital Northwest Arkansas.
CareView Communications, a health IT company, is partnering with an unnamed Montana-based health system to expand its Pacific Northwest presence.
General Catalyst's leaders said its proposed acquisition of Akron, Ohio-based Summa Health should not be "mischaracterized as another 'private equity' deal."
Milford (Mass.) Regional Medical Center and Worcester-based UMass Memorial Health have signed a definitive agreement for their affiliation.
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Hospital and health system merger and acquisition activity increased 27% year over year in 2023, and 2024 is already off to a busy start.
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.
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.