Christus Health has bought the 50% of Santa Fe, N.M.-based St. Vincent Regional Medical Center it didn't already own.
Transactions & Valuation Issues
More than one-third of hospital and health system transactions announced in the third quarter involved an entity that cited financial distress as a driving factor, according to a Kaufman Hall M&A report published Oct. 12.
Private equity (PE) investment in healthcare is soaring, as investors have raised large amounts of capital and see attractive opportunities in the industry — especially health services.
More than a dozen hospital mergers, acquisitions, joint ventures, affiliations and partnerships were unwound or called off throughout the past 21 months.
Morgantown, W.Va.-based Monongalia Health System is one step closer to completely absorbing Davis Health System after the two parties signed a definitive agreement to merge Oct. 11 following regulatory and other approvals.
Advertisement
Little Rock, Ark.-based Baptist Health has reached a definitive agreement to add Monticello, Ark.-based Drew Memorial Health System to its enterprise.
El Segundo, Calif.-based Pipeline Health is now a four-hospital system — all of which are in the Los Angeles area —- after it completed the sale of White Rock Medical Center in Dallas to Heights Healthcare of Texas.
Albuquerque, N.M.-based Presbyterian Healthcare Services and West Des Moines, Iowa-based UnityPoint Health have called off a planned $11 billion merger, the two systems said Oct. 11.
Bondholder Preston Hollow Community Capital has outbid the University of Iowa for Mercy Iowa City hospital in a surprise turn of events, according to an Oct. 10 The Gazette report.
Yale New Haven (Conn.) Health System has acquired PhysicianOne Urgent Care, which operates 26 urgent care facilities across Massachusetts, New York and Connecticut, according to its website.