Hospital Transactions and Valuation

Two healthcare megadeals — those valued at $5 billion or more — have been announced this year, according to a PwC report released June 23. 

Tucson, Ariz.-based TMC Health has ended its bid to buy Santa Cruz Valley Regional Hospital in Green Valley, Ariz., Green Valley News reported June 17.

HCA Healthcare and Steward Health Care System have abandoned their proposed deal involving five Utah hospitals. The decision comes 13 days after the Federal Trade […]

HCA Healthcare and Steward Health Care System have abandoned their proposed deal involving five Utah hospitals. The decision comes 13 days after the Federal Trade […]

Wilmington, Del.-based ChristianaCare plans to buy a shuttered hospital from West Reading, Pa.-based Tower Health.

Two New Jersey health systems — Saint Peter’s Healthcare System and RWJBarnabas Health — have terminated a definitive agreement to merge. 

Two New Jersey health systems — Saint Peter’s Healthcare System and RWJBarnabas Health — have terminated a definitive agreement to merge. 

Two New York state senators are asking SUNY Upstate Medical University and Crouse Health to lift the secrecy of their proposed merger, syracuse.com reported June […]

The proposed merger between Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health presents both health systems with opportunities for revenue growth, the Pittsburgh Post-Gazette […]

Several mergers and acquisitions were recently announced, advanced or halted. Becker’s has reported on the following six developments since June 1.

The Illinois State Health Facilities and Services Review Board voted 6-0 on June 7 to allow El Segundo, Calif.-based Pipeline Health to sell two Illinois […]

HCA Healthcare inked a deal in September to acquire five Utah hospitals from Steward Health Care. The transaction is on hold after a judge issued […]

Jupiter (Fla.) Medical Center and Gainesville-based University of Florida Health have signed a letter of intent to partner and improve healthcare delivery, research and education […]

Jupiter (Fla.) Medical Center and Gainesville-based University of Florida Health have signed a letter of intent to partner and improve healthcare delivery, research and education […]

California Attorney General Rob Bonta conditionally approved the affiliation between Arcadia-based Methodist Hospital of Southern California and Los Angeles-based USC Health System.

Pleasant Valley Hospital has signed a letter of intent with Cabell Huntington Hospital, which will add Pleasant Valley to Huntington, W.Va.-based Mountain Health Network.

Nashville, Tenn.-based HCA Healthcare has finalized its acquisition of BetterMed, an urgent care practice with 12 locations, Richmond BizSense reported June 3.

Providence, R.I.-based Care New England is considering “three to four” bids it received to merge with another system, The Boston Globe reported June 3.

The Federal Trade Commission unanimously voted to block two separate hospital transactions, one involving Saint Peter’s Healthcare System and RWJBarnabas Health and the other involving […]

Gulf Coast, Miss.-based Singing River Health System’s board of trustees voted June 1 to “pursue a fully integrated model or sale” with another healthcare organization.

Gulf Coast, Miss.-based Singing River Health System’s board of trustees voted June 1 to “pursue a fully integrated model or sale” with another healthcare organization.

Green Bay, Wis.-based Bellin Health and La Crosse, Wis.-based Gundersen Health System are exploring a merger with a final decision expected in weeks.

Despite high interest rates and uncertainty from the Russian invasion of Ukraine, healthcare mergers and acquisitions maintained a steady pace in April, Bloomberg Law reported.

Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health have signed a letter of intent to form a five-hospital system that would generate more than […]

Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health have signed a letter of intent to form a five-hospital system that would generate more than […]

Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health have signed a letter of intent to form a five-hospital system that would generate more than […]

George Washington University has sold its 20 percent minority interest of George Washington University Hospital to Universal Health Services, making the health system the sole […]

Providence, R.I.-based Care New England could have plans for a merger by next month, its outgoing CEO told WPRI on May 25.

Dallas-based Tenet Healthcare will manage a new 54-bed hospital in Port St. Lucie, Fla., which was approved by the city council May 23 and could […]

Franciscan Health Crown Point (Ind.) and Ann & Robert H. Lurie Children’s Hospital of Chicago have formed a partnership for neonatal care.

Six health system and hospital deals have been canceled so far this year, whether it be a scrapped merger or acquisition or the unwinding of […]

Seven health system and hospital deals have been canceled this year, whether it be a scrapped merger or acquisition or the unwinding of a partnership.

Nine health system and hospital deals have been canceled this year, whether it be a scrapped merger or acquisition or the unwinding of a partnership.

Six merger and acquisition deals involving hospitals and health systems have been announced, completed or called off so far this month:

Two New Jersey health systems — Saint Peter’s Healthcare System and RWJBarnabas Health — received approval from state regulators to merge. 

Dartmouth Health and Manchester, N.H.-based GraniteOne Health are canceling their proposed merger after the state Attorney General’s Office said the move would violate the New […]

New Hampshire Attorney General John Formella released a report May 13 from the Charitable Trusts Unit objecting to the proposed merger between Lebanon, N.H.-based Dartmouth […]

Cape Girardeau, Mo.-based SoutheastHealth wants to partner with a bigger health system through a plan called “Project Forward Vision,” KFVS 12 reported May 12.

Piedmont Urgent Care by Wellstreet has acquired urgent care management company SmartCare Medical Group, adding 10 locations.

With humble beginnings as an individual hospital, Charlotte, N.C.-based Atrium Health has since grown into a major player in the healthcare field, most recently announcing […]

Atrium Health and Advocate Aurora Health plan to merge into a 67-hospital system with upward of $27 billion in revenue and nearly 158,000 employees combined. 

Huntingdon Valley, Pa.-based Redeemer Health is seeking a strategic partnership for its 236-bed hospital in Meadowbrook, Pa., and physician practices, The Philadelphia Inquirer reported May […]

North Carolina city officials took aim at what they considered a lack of communication from Nashville, Tenn.-based HCA Healthcare as it worked to close its […]

Yakima (Wash.) Valley Memorial signed a letter of intent to explore joining Tacoma, Wash.-based MultiCare Health System. 

Massachusetts nurses’ concerns about the closure of mental health and pediatric beds at Heywood Hospital were “intensified” by the May announcement that Worcester-based UMass Memorial […]

San Francisco-based Dignity Health and the San Joaquin County Board of Supervisors have settled on a management services agreement for San Joaquin General Hospital in […]

Tucson, Ariz.-based TMC Health has started the due diligence process to acquire Santa Cruz Valley Regional Hospital in Green Valley, Ariz., a spokesperson for TMC […]

An affiliation between Chapel Hill-based University of North Carolina Health and Boone, N.C.-based Appalachian Regional Healthcare System has been approved.

An affiliation between Chapel Hill-based University of North Carolina Health and Boone, N.C.-based Appalachian Regional Healthcare System has been approved.

Worcester-based UMass Memorial Health has signed a nonbinding letter of intent with Gardner, Mass.-based Heywood Healthcare, a two-hospital system, to explore an affiliation deal.

Worcester-based UMass Memorial Health has signed a nonbinding letter of intent with Gardner, Mass.-based Heywood Healthcare, a two-hospital system, to explore an affiliation deal.

Nine deals involving health systems and hospitals have been announced, finalized or called off since April 11.

Centennial, Colo.-based Centura Health completed the acquisition of St. Elizabeth Hospital and St. Catherine Hospital-Dodge City from Brentwood, Tenn.-based LifePoint Health, making Centura a 19-hospital […]

Nashville, Tenn.-based HCA Healthcare signed an agreement to acquire Richmond, Va.-based BetterMed, an urgent care practice with 12 locations, Tim McManus, president of HCA Healthcare […]

Dallas-based Steward Health Care has acquired the property of the former Miami Medical Center from Miami-based Nicklaus Children’s Health System.

The pace of healthcare mergers and acquisitions slowed for the first quarter of 2022 after a large volume of deals in 2021, an April 26 […]

Walmart heir Alice Walton’s foundation has partnered with the Washington Regional Medical System in Fayetteville, Ark., to build a new regional healthcare system. 

Leawood, Kan.-based Noble Health reached an agreement for Wylie, Texas-based company Platinum Team Management to take control of two shuttered hospitals and nine medical clinics, […]

The Massachusetts Attorney General’s office signed off on Optum’s acquisition of Atrius Health for $236 million April 21, according to the Boston Globe.

National Nurses United is urging the Federal Trade Commission and U.S. Justice Department to strengthen regulations and anticompetitive guidelines to healthcare mergers and acquisitions because […]

CMS on April 20 released public data on mergers, acquisitions, consolidations and ownership changes of hospitals and nursing homes enrolled in Medicare, the first time […]

Livonia, Mich.-based Trinity Health and Chicago-based CommonSpirit Health have signed an agreement for Trinity to acquire all MercyOne Health System assets and facilities.

Dallas-based Steward Health Care acquired its fifth facility in Arizona, the physician-led healthcare network said April 19. 

Peoria, Ill.-based OSF HealthCare completed its purchase of the real estate, medical equipment and other assets of the closed Galesburg (Ill.) Cottage Hospital for $4 […]

SUNY Upstate Medical University plans to acquire Crouse Health in a move that would shake up the hospital market in Syracuse, N.Y.

Edison, N.J.-based Hackensack Meridian Health and Englewood (N.J.) Health have dropped their merger plans, a spokesperson for Hackensack Meridian told Becker’s.

Edison, N.J.-based Hackensack Meridian Health and Englewood (N.J.) Health have dropped their merger plans, a spokesperson for Hackensack Meridian told Becker’s.

Driven by the COVID-19 pandemic, the healthcare industry continued to see fewer mergers and acquisitions in the first quarter of 2022, with only 12 transactions […]

Driven by the COVID-19 pandemic, the healthcare industry continued to see fewer mergers and acquisitions in the first quarter of 2022, with only 12 transactions […]

Eight deals involving health systems and hospitals have been announced, finalized or blocked since March 16. 

Nine deals involving health systems and hospitals have been announced, finalized, expanded or blocked since March 16. 

Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have finalized a merger put in motion in December. With the deal completed, April 5 […]

Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have completed their merger after the Colorado attorney general’s office signed off on the deal […]

Highlands Hospital in Connellsville, Pa., officially joined DuBois, Pa.-based Penn Highlands Healthcare April 1 after receiving regulatory approvals, becoming the system’s eighth hospital.

Jennings (La.) American Legion Hospital joined New Orleans-based Ochsner Health on April 1. The hospital was renamed Ochsner American Legion Hospital. 

Morgantown, W.Va.-based Mon Health System and Chaleston, W.Va.-based CAMC Health System have signed a letter of intent to create a single new system named Vandalia […]

North Ottawa Community Health System, a single-hospital network in Grand Haven, Mich., is exploring a deal to join Livonia, Mich.-based Trinity Health, according to MiBiz. 

UnitedHealth Group’s Optum unit has bought Refresh Mental Health from a private equity firm, Axios reported March 24 citing sources. 

Seven hospital and health system deals have been called off since October, whether it was the cancellation of a merger or acquisition or the unwinding […]

Eight hospital and health system deals have been called off since October, whether it was the cancellation of a merger or acquisition or the unwinding […]

Robbinsdale, Minn.-based North Memorial Health will take full ownership of Maple Grove (Minn.) Hospital by purchasing the final 25 percent stake from Minneapolis, Minn.-based Fairview […]

The U.S. Court of Appeals for the 3rd Circuit affirmed the order of the District Court to block  Edison, N.J.-based Hackensack Meridian Health’s proposed merger […]

Baltimore-based University of Maryland Medical System announced March 21 that it has expanded its partnership with Oakland, Calif.-based Kaiser Permanente.

Illinois residents said they are hopeful about Pipeline Health’s proposed sale of two Chicago area hospitals but have concerns based on Pipeline’s history, the Chicago […]

Medical Properties Trust has sold a 50 percent stake in eight Massachusetts hospitals to Macquarie Infrastructure Partners. 

Several mergers and acquisitions have taken place by U.S. health systems in the last few months. Below is a breakdown of seven deals since Feb. […]

The office of North Carolina Attorney General Josh Stein had “great concerns” about how Nashville, Tenn.-based HCA Healthcare was chosen to purchase Asheville, N.C.-based Mission […]

Franklin, Tenn.-based Community Health Systems has entered into a definitive agreement to transfer the lease of AllianceHealth Seminole (Okla.) to SSM Health Oklahoma. 

Exeter (N.H.) Health Resources has signed a letter of intent to affiliate with Cambridge Mass.-based Beth Israel Lahey Health, Seacoastonline reported March 15.

Indiana Gov. Eric Holcomb signed into law March 10 a bill that requires the Indiana State Department of Health to actively supervise hospital mergers.

Pipeline Health has signed a letter of intent to sell its two Illinois hospitals to a Michigan-based company for $92 million, according to the Chicago […]

The prospective buyer of two shuttered Pennsylvania hospitals has filed a motion to end litigation to purchase the facilities, The Daily Local reported March 8.

Following rumors that Grand Forks, N.D.-based Altru Health System may be acquired after the sudden departure of President Steven Weiser, MD, the system’s new CEO […]

Morristown, N.J.-based Atlantic Health System has purchased Immediate Care’s seven urgent care locations from CentraState Healthcare System, Atlantic Health said March 3.

Nine deals involving health systems and hospitals have been announced, finalized or called off in the last two weeks:

As you know from reading Becker’s each day, more physicians than ever are entering into partnerships with larger organizations, as evidenced by 30 orthopedic group […]

The CEO of Care New England said the health system is resilient after the Federal Trade Commission and state attorney general’s rejection of its proposed […]

New York City-based NYU Langone Health and East Patchogue, N.Y.-based Long Island Community Hospital have made their affiliation official after receiving state and federal approvals.

Columbus, Ohio-based Nationwide Children’s Hospital has taken over ownership of Toledo, Ohio-based Mercy Health-Children’s Hospital, which will be named Nationwide Children’s Hospital-Toledo.

San Antonio, Texas-based University Health has entered a joint venture with post-acute healthcare company PAM Health in an effort to expand access for University Health […]

University Health Care System, a three-hospital system in Augusta, Ga., officially joined Atlanta-based Piedmont Healthcare on March 1. Piedmont now comprises 19 hospitals. 

Peoria, Ill.-based OSF HealthCare has signed an exclusive letter of intent to purchase the real estate, medical equipment and other assets of the closed Galesburg […]

Providence, R.I.-based Care New England said it’s too early to make plans for future merger deals after the system and Lifespan withdrew their application to […]

Texas turnaround firm Canyon Atlantic Partners failed to post a $1 million bond required by a Pennsylvania Court of Common Pleas judge to purchase two […]

The boards of Lifespan and Care New England — both based in Providence, R.I. — have decided to withdraw their merger application after the Federal […]

Pajaro Valley Healthcare District Project was approved by a bankruptcy judge to purchase Watsonville Community (Calif.) Hospital, KSBW reported Feb. 23.

Four deals between health systems have been recently announced or completed in the last few weeks.

StoneBridge Healthcare, a financial turnaround company, submitted a bid to purchase Providence, R.I.-based Care New England Health System. 

UnitedHealth Group plans to close its acquisition of Change Healthcare on Feb. 27, meaning the Justice Department now has less than one week to intervene […]

Pajaro Valley Healthcare District Project has won its bid to buy Watsonville (Calif.) Community Hospital after no other qualified bids were submitted by the deadline, […]

Consumer advocates and public health analysts are speaking out against the Yale New Haven (Conn.) deal to buy two Connecticut health systems from Los Angeles-based […]

Six deals involving health systems and hospitals have been announced, finalized or called off in the last two weeks:

Franklin, Tenn.-based Community Health Systems has divested 30 hospitals since 2019. Those hospitals, spread across 12 states, had 4,815 beds, according to a Feb. 17 […]

Rhode Island Attorney General Peter Neronha has denied the application for the proposed merger between Lifespan and Care New England and said he will join […]

South Kingstown, R.I.-based South County Health is opposing the proposed merger between Lifespan and Care New England, both based in Providence, R.I., The Public’s Radio […]

As private equity firms increasingly buy hospitals, several have used Birmingham, Ala.-based Medical Properties Trust for help.

A Pennsylvania Court of Common Pleas judge ordered Tower Health to restart the sale process of two now-shuttered hospitals to a Texas turnaround firm, The […]

Northwestern Memorial HealthCare purchased the Hyatt Centric Hotel in Chicago to give patients and families an option to stay overnight when receiving care, a health […]

Los Angeles-based Prospect Medical Holdings has inked deals to sell its seven hospitals in Connecticut and Pennsylvania. 

Dallas, Texas-based Signify Health, a value-based healthcare platform, agreed to acquire Kansas City, Mo.-based Caravan Health for $250 million.

Newark, Del.-based ChristianaCare plans to acquire Springfield, Pa.-based Crozer Health from Los Angeles-based Prospect Medical Holdings after signing a letter of intent.

Fresno, Calif.-based Saint Agnes Medical Center and Madera (Calif.) Community Hospital have signed a nonbinding letter of intent to explore a potential affiliation, the Fresno […]

Yale New Haven (Conn.) Health System agreed Feb. 10 to acquire two Connecticut health systems from Los Angeles-based Prospect Medical Holdings. 

Courts and the Federal Trade Commission should consider more than harm to competition when evaluating healthcare mergers; they should also consider the benefit to underserved […]

Iron Mountain, Mich.-based Dickinson County Healthcare — a one-hospital system with several clinics — has finalized its affiliation agreement with Marshfield (Wis.) Clinic Health System.

Six transactions involving health systems and hospitals have been announced, finalized or called off in the last two weeks:

MyMichigan Health has added its 10th facility, War Memorial Hospital, in Sault Ste. Marie, Mich.

Duarte, Calif.-based City of Hope now has one of the largest footprints in cancer research and treatment after it completed its acquisition of Cancer Treatment […]

Centennial, Colo.-based Centura Health signed an asset purchase agreement to acquire two hospitals from Brentwood, Tenn.-based LifePoint Health: Colorado Plains Medical Center in Fort Morgan […]

The merger between Grand Rapids, Mich.-based Spectrum Health and Southfield, Mich.-based Beaumont Health could mean higher costs for consumers, some experts say, Bridge Michigan reported […]

Grand Rapids, Mich.-based Spectrum Health and Southfield, Mich.-based Beaumont Health are partnering to create a new health system, temporarily called BHSH System, which will launch […]

Chicago-based CommonSpirit Health is expanding its partnership with healthcare management and consulting firm Arabian Healthcare Group in the United Arab Emirates, according to a news […]

Providence St. Mary Medical Center and Kaiser Permanente expressed disappointment with conditions set by the California attorney general on their proposed partnership that involves building […]

Five deals between two health systems have been recently announced or completed in the last couple months.

The Association of American Medical Colleges and the Association of Academic Health Centers have approved a merger agreement.

Pennington, N.J.-based Capital Health and Trenton, N.J.-based St. Francis Medical Center have signed a definitive agreement to move forward with Capital Health’s plan to acquire […]

Twelve transactions involving health systems and hospitals have been announced, finalized or called off since Jan. 1:

The proposed merger among Lifespan, Care New England and Brown University — all based in Providence, R.I. — would increase the economic impact of the […]

The proposed merger among Lifespan, Care New England and Brown University — all based in Providence, R.I. — would increase the economic impact of the […]

Hoag Memorial Hospital Presbyterian in Newport Beach, Calif., and Providence, a Catholic health system based in Renton, Wash., will end their affiliation Jan. 31.

Although 2021 saw fewer transactions than in 2020, the sizes of the transactions were larger, with 16.3 percent being megamergers, according to a recent Kaufman […]

Trinity Health Mid-Atlantic has abandoned its plan to buy Tower Health’s Chestnut Hill Hospital in Philadelphia, according to the Philadelphia Inquirer. 

Elkins, W.Va.-based Davis Health System has taken over operations of Webster County Memorial Hospital in Webster Springs, W.Va., WDTV reported Jan. 6.

Kearney (Neb.) Regional Medical Center joined Lincoln, Neb.-based Bryan Health on Jan. 1, expanding the system’s number of employees by 850 to more than 6,300.

Transaction volume for hospital mergers and acquisitions decreased by 33 percent in 2021, compared to 2020, according to an analysis by brokerage firm H2C Securities […]

Elizabeth-based Trinitas Regional Medical Center has joined West Orange-based RWJBarnabas Health, both in New Jersey, as the system’s 12th hospital.

Ten transactions involving health systems and hospitals have been announced, advanced or finalized since Dec. 22.

Hattiesburg, Miss.-based Forrest General Hospital has acquired Richton, Miss.-based Perry County General Hospital, a 22-bed critical access facility, after Forrest Health signed a letter of […]

Winfield, Ala.-based Northwest Medical Center has become a member of the University of Alabama at Birmingham Health System after entering into a management agreement, which […]

Evanston, Ill.-based NorthShore University HealthSystem and Naperville, Ill.-based Edward-Elmhurst Health have finalized their merger. 

Marlton, N.J.-based Virtua Health and Glassboro, N.J.-based Rowan University inked an agreement to create a new academic health system in South Jersey, the organizations said […]

Madison, Ind.-based King’s Daughters’ Health has joined Louisville, Ky.-based Norton Healthcare as the system’s sixth hospital and its first outside Louisville, The Lane Report reported […]

Nashville, Tenn.-based HCA Healthcare has finalized the purchase of MD Now Urgent Care, a network of 59 urgent care centers in Florida.

State regulators on Dec. 30 made the merger application public for Lifespan, Care New England and Brown University, all Providence, R.I.-based, The Boston Globe reported.

Hospital deals involving Intermountain Healthcare, LifePoint Health, Ascension, Tenet Healthcare and other major systems were popular among readers this year.

Irving, Texas.-based Exela Technologies has expanded its existing relationship with an unnamed multinational managed care corporation by implementing PCH Global Cloud services for Medicaid programs.

Brentwood, Tenn.-based LifePoint Health has completed its acquisition of Louisville, Ky.-based Kindred Healthcare and officially launched ScionHealth, a new healthcare company related to the transaction.

Ontario, Calif.-based Prime Healthcare and San Francisco-based Carbon Health are strengthening their partnership by bringing Carbon’s urgent care clinics to Prime’s markets through virtual and […]

Tenet Healthcare and its subsidiary United Surgical Partners International have completed their acquisition of Towson, Md.-based SurgCenter Development.

Nine transactions involving hospitals and health systems have been announced, advanced or finalized since Dec. 1:

California Attorney General Rob Bonta approved a new partnership between Oakland-based Kaiser and Apple Valley-based Providence St. Mary Medical Center, but with several conditions.

California Attorney General Rob Bonta approved a new partnership between Oakland-based Kaiser and Apple Valley-based Providence St. Mary Medical Center, but with several conditions.

Vineland, N.J.-based Inspira Health has entered into a definitive agreement to acquire Salem (N.J.) Medical Center.