According to court documents, Prospect purchased one hospital in New Jersey, four in Philadelphia suburbs and one in downstate Pennsylvania. The transaction was reportedly completed over the summer.
Prospect officials said they plan to spend an additional $200 million on the purchase of healthcare institutions in Connecticut. The health system is in the process of acquiring Manchester (Conn.) Hospital and finalized the purchase of Waterbury (Conn.) Hospital in August.
More articles on transactions and valuations:
TeamHealth acquires provider operations of EmMed, PC
University of Michigan Health, Metro Health sign definitive merger agreement
Carolina Pines Regional Medical Center partners with MUSC Health
