Historically, physician-owned centers that opened without corporate support have had an easier time doing well financially; then, if the physician-owners so chose, they could have their choice of corporate partners to whom to sell 51 percent of the ownership for…
Transactions & Valuation Issues
St. Joseph Health Systems, based in Orange, Calif., will acquire South Coast Medical Center, a 208-bed facility located in Laguna Beach, Calif., once the transaction is approved by the State Attorney General’s Office, according to The Orange Country Register.
Some of Indiana’s largest hospital systems are actively seeking acquisitions, and there is speculation that some systems may eventually merge or at least partner on projects, according to a report by the Indianapolis Business Journal.
Texas-based hospital company Legacy Hospital Partners will pay $200 million for control of Portneuf Medical Center in Pocatello, Idaho, according to the Fort Mill Times.
The merger of NorthShore University HealthSystem and Rush North Shore Medical in Illinois was approved by the state’s health facilities planning board, the final regulatory step in the Certificate of Need process, paving the way for the renaming of the…
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GE Healthcare has announced that it has completed the acquisition of Vital Signs, a provider of medical products in areas such as anesthesia, respiratory, sleep therapy and emergency medicine.
Avondale Partners, an independent investment banking firm, served as exclusive financial advisor to Gwinnett Hospital System in its sale of SummitRidge Center for Psychiatry & Addiction Medicine in Lawrenceville, Ga., to Universal Health Services (UHS).
The oldest hospital in Michigan’s Oakland County will close after a prospective buyer was unable to secure the necessary financing to complete the acquisition, according to the Detroit Free Press.
In major metropolitan areas nationwide, non-profit hospitals are shutting down city-based facilities and "spending billions on suburban expansions," reports the Wall Street Journal on the front page of the Oct. 14 edition. The article focuses on the Detroit metro area,…
Current hospital market conditions are very challenging, which is likely to drive significant mergers and acquisitions activity in the sector in the near future, says Sean Sullivan, vice president and principal at Brown Gibbons Lang & Company, a boutique investment…