Yale New Haven (Conn.) Health has resumed negotiations with Connecticut officials about a proposed deal for the system to acquire three hospitals from Prospect Medical Holdings, the Connecticut Mirror reported Oct. 25.
Transactions & Valuation Issues
The Ascension-owned Michigan hospitals transferring to Detroit-based Henry Ford Health had a total revenue of $3.4 billion in fiscal 2023 and operated at a loss, according to an Oct. 25 filing detailing the proposed transaction.
Auction-winning bondholder Preston Hollow Community Capital says Mercy Iowa City hospital is handing over obligations to fund continued operating losses in a way that has caused an impasse in any eventual sale of the facility, according to an Oct. 25…
In a declining healthcare merger and acquisition market, hospital CFOs said that they are still monitoring opportunities to expand access to care but are remaining cautious.
Pittsburgh-based UPMC said it has entered into an integration and affiliation agreement with Washington (Pa.) Health System, according to an Oct. 23 filing.
Advertisement
Trinity Health may initially be losing money on the September 2022 acquisition of MercyOne, but the 16-medical-center network is fast becoming a key revenue source for the Livonia, Mich.-based health system, COO Ben Carter told investors.
The proposed acquisition by HCA Healthcare of Manchester, N.H.-based Catholic Medical Center will "merit a lot of close scrutiny," according to New Hampshire Attorney General John Formella in an Oct. 23 Maine Public Radio report.
When the two CEOs sat down in early March with Becker's to discuss the merits of the proposed $11 billion merger between Presbyterian Healthcare Services and UnityPoint Health, there was a lot of positivity in the air.
Bankrupt Mercy Iowa City hospital said it has reached an impasse to resolve a disagreement with the successful bidder for the 234-bed facility.
Liberty (Mo.) Hospital's board on Oct. 19 voted to pursue a partnership with the University of Kansas Health System in Kansas City.