Marietta, Ga.-based Wellstar Health System has finalized an agreement to acquire Mountain Lakes Medical Center, a 25-bed critical access hospital in Clayton, Ga. Four things to know, per a June 5 news release: 1. Wellstar is an 11-hospital system with…
Transactions & Valuation Issues
Hospital and health system consolidation showed no sign of slowing as June opened, with several acquisitions, a fallen deal turnaround and Ascension completing its $3.9 billion acquisition of an ASC operator. Here are 10 hospital and health system M&A moves…
Nashville, Tenn.-based HCA Healthcare has acquired 17 urgent care clinics from Urgent Care Group in North and South Carolina. The clinics include locations in Charleston, Columbia, Myrtle Beach and Spartanburg in South Carolina, and Wilmington in North Carolina, according to…
St. Louis-based Ascension has completed its acquisition of ambulatory surgery center operator Amsurg, expanding its footprint to 300 ASCs nationwide. The deal, valued at about $3.9 billion, marks a significant step in Ascension’s strategy to expand outpatient services and respond…
Brentwood, Tenn.-based Lifepoint Health has completed its acquisition of eight community hospitals from Louisville, Ky.-based ScionHealth. The hospitals are spread across six states, according to a June 2 news release. Lifepoint acquired: Lifepoint originally signed an agreement to acquire the…
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Fort Wayne, Ind.-based Parkview Health signed a formal affiliation agreement June 3 with Goshen (Ind.) Health. The two parties signed a letter of intent to explore a partnership in late January. The partnership aims to position Goshen Health to meet…
Memphis, Tenn.-based Baptist Memorial Health Care will assume operations of Merit Health Rankin, a 134-bed hospital in Brandon, Miss., later this year, adding a 26th hospital to the nonprofit system. The Rankin County Board of Supervisors unanimously voted June 2…
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…
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…