Akron, Ohio-based Summa Health has finalized a deal with General Catalyst’s Health Assurance Transformation Company, creating a new partnership the organizations say is designed to strengthen operations and modernize care delivery. The agreement, completed Oct. 1, transitions Summa into a…
Transactions & Valuation Issues
Freeport, Ill.-based FHN plans to affiliate with Rockford, Ill.-based Mercyhealth. Mercyhealth will invest $100 million in FHN over the next five years to support capital projects and expand services as part of the agreement, according to a Sept. 30 FHN…
Brown Health Medical Group, part of Providence, R.I.-based Brown University Health, will merge with Brown Physicians Inc. to improve patient access and care coordination. The merger is expected to be finalized Oct. 1, according to a Sept. 30 Brown University…
Livonia, Trinity-based Trinity Health has divested its 49% ownership stake in a joint venture with Emory Healthcare for St. Joseph’s Health System, which includes St. Joseph’s Hospital of Atlanta and John’s Creek Hospital, according to financial documents published Sept. 26.…
UPMC is reportedly in talks to acquire three Ohio hospitals, and Essentia exited merger discussions with Fairview Health Services and the University of Minnesota. Here are three hospital M&A moves Becker’s reported on during the week of Sept. 22: 1.…
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Duluth, Minn.-based Essentia Health has exited merger discussions with Minneapolis-based Fairview Health Services and the University of Minnesota to form a $1 billion health system. The development narrows the path forward for the university as it works to secure the…
St. Joseph Regional Medical Center in Lewiston, Idaho, plans to acquire Catalyst Medical Group, a physician-owned, multi-specialty medical clinic also based in Lewiston, according to a Sept. 23 news release from the companies. Five things to know about the plans:…
Colorado Attorney General Phil Weiser approved Aurora, Colo.-based UCHealth’s acquisition of Estes Park (Colo.) Health. Mr. Weiser on Sept. 22 issued an opinion finding that the proposed acquisition “will not result in a material change to Estes Park Health hospital’s…
Editor’s note: This story was updated to correct that UPMC is reportedly in talks to Acquire 3 Ohio hospitals from Steubenville, Ohio-based Trinity Health System, not Livonia, Mich.-based Trinity Health. Pittsburgh-based UPMC is negotiating to acquire three Ohio hospitals, The…
Hartford (Conn.) HealthCare has entered into an agreement to acquire Manchester Memorial Hospital and Rockville General Hospital in Vernon, Conn., from Prospect Medical Properties, a spokesperson for the health system confirmed to Becker’s. Hartford HealthCare, a seven-hospital system, plans to…