The last week of November was a busy one for hospital and health system mergers and acquisitions.
Transactions & Valuation Issues
HCA Houston Healthcare, part of Nashville, Tenn.-based HCA Healthcare, has completed the purchase of 11 Houston-area freestanding emergency departments from SignatureCare Emergency Center.
In 2017, Franklin, Tenn.-based Community Health Systems extended its divestiture plan to help control its losses and debt. After just divesting from one hospital in 2022, the health system had a busy 2023.
HCA Healthcare's Medical City Healthcare in Dallas has completed its acquisition of three-hospital Wise Health System in Texas.
Brentwood, Tenn.-based Lifepoint Health and Ascension Saint Thomas are entering a joint venture, in which the two organizations will jointly own Highpoint Health, a four-hospital system owned by Lifepoint.
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Aurora, Colo.-based UCHealth has added a smaller health system to its network.
Franklin, Tenn.-based Community Health Systems agreed to sell three Florida hospitals to Tampa General Hospital for $294 million.
Nashville, Tenn.-based HCA Healthcare is buying bankrupt Trinity Regional Hospital Sachse (Texas) for $41 million in a deal that is expected to close by the end of January, Bloomberg Law reported Nov. 29.
St. Louis-based BJC Healthcare and Kansas City, Mo.-based Saint Luke's Health System — which signed a letter of intent to combine in May — have satisfied all regulatory reviews and reached a definitive agreement to merge.
Sandoval Regional Medical Center in Rio Rancho, N.M., on Jan. 1 will join UNM Hospitals and change its name to University of New Mexico Sandoval Regional Medical Center-A Campus of UNM Hospital.