The following were the most-viewed transactions and valuations stories this week.
1. CHS to sell 17 hospitals to drive down debt
Franklin, Tenn.-based Community Health Systems is in talks to sell hospitals and other assets to help trim its debt load, said CEO Wayne Smith during a third-quarter earnings call Nov. 2.
2. Blackstone to acquire TeamHealth in $6B deal
The executive board of TeamHealth, a Knoxville, Tenn.-based physician services organization, unanimously approved an agreement to be acquired by Blackstone — a private equity, investment banking and asset management corporation — for $6.1 billion, including debt and other assets.
3. 65 hospital transactions and partnerships in October
The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past month.
4. CHI Franciscan, Virginia Mason sign LOI to affiliate
CHI Franciscan Health and Virginia Mason Health System signed a letter of intent to strike a clinical partnership and further align their roughly 1,600 combined physicians throughout the Puget Sound, Wash., area.
5. Prime Healthcare acquires Ohio hospital
Prime Healthcare Foundation, the nonprofit affiliate of Ontario, Calif.-based Prime Healthcare Services, acquired 56-bed Coshocton (Ohio) County Memorial Hospital.