Here are six major hospital deals and acquisitions that Becker’s has reported on in the last 10 days:
1. Elkin, N.C.-based Hugh Chatham Health has joined Atrium Health Wake Forest Baptist, which will invest $100 million into its newest member. Hugh Chatham Health includes an 81-bed acute care hospital, a medical group with more than 70 providers across 25 locations, a home healthcare division and joint ventures in a critical access hospital and hospice/palliative care organization.
2. Alhambra, Calif.-based Astrana Health acquired Los Angeles-based Prospect Health System on July 1 for $708 million. The purchase includes Prospect Health Plan, Prospect Medical Groups, Prospect Medical Systems, RightRx and Tustin, Calif.-based Foothill Regional Medical Center. Prospect’s medical groups comprise more than 11,000 providers across Arizona, Southern California, Rhode Island and Texas.
3. Bethlehem, Pa.-based St. Luke’s University Health Network’s has finalized its acquisition of Grand View Health in Sellersville, Pa. The organizations signed a letter of intent Sept. 5, signed a definitive agreement Dec. 31 and completed the deal July 1 following federal and state regulatory approvals.
4. South Bend, Ind.-based Beacon Health System has completed ts acquisition of Ascension Southwest Michigan. The locally owned, nonprofit health system signed a definitive agreement to acquire ASM’s four hospitals, 35 outpatient clinics and ASC in early April. Ascension Southwest Michigan is a regional subsidiary of St. Louis-based Ascension.
5. St. Louis-based Ascension has acquired full ownership of Cedar Park (Texas) Medical Center for $436 million in cash. Franklin, Tenn.-based Community Health Systems sold its 80% ownership stake in the 126-bed hospital to Ascension Seton, a subsidiary of the health system that operates 13 hospitals and 222 care sites in Central Texas.
6. The Chippewa Valley Health Cooperative, an independent nonprofit organization, has acquired the former St. Joseph’s Hospital building in Chippewa Falls, Wis., from Hospital Sisters Health System. Last year, Springfield, Ill.-based HSHS closed St. Joseph’s and Sacred Heart Hospital in Eau Claire, Wis., terminating its presence in western Wisconsin.
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