Category: Hospital Transactions and Valuation

Nashville, Tenn.-based HCA Healthcare entered into an asset purchase agreement on Oct. 3 to purchase Ontario, Calif.-based Prime Healthcare’s Lehigh Acres, Fla.-based Lehigh Regional Medical Center. 

Grand Junction, Colo.-based Mind Springs Health has signed a management agreement with South Miami, Fla.-based Larkin Health System.

Community Health Systems President and CFO Kevin Hammons said the Franklin, Tenn.-based  system could be looking at acquisition opportunities in the future as it nears its $1 billion divestiture goal. 

Community Health Systems President and CFO Kevin Hammons said the Franklin, Tenn.-based  system could be looking at acquisition opportunities in the future as it nears its $1 billion divestiture goal. 

Greenville, S.C.-based Prisma Health expects its acquisition of Maryville, Tenn.-based Blount Memorial Hospital to close Dec. 1 after receiving approval from the Blount County Commission. 

Bethlehem, Pa.-based St. Luke’s University Health Network’s planned acquisition of Grand View Health in Sellersville, Pa., is underway.

Prospect Medical Holdings, a for-profit health system headquartered in Los Angeles, plans to sell 10 of its 16 hospitals amid financial challenges and an ongoing investigation by the Justice Department.

November started with a flurry of hospital mergers and acquisitions.

From CHS striking a deal to sell another hospital to General Catalyst signing a definitive agreement with Summa Health, here are 11 hospital M&A moves reported by Becker’s since Nov. 1: 

Franklin, Tenn.-based Community Health Systems has completed or lined up multiple hospital sales this year as part of its divestiture plan, which aims to take in about $1 billion this year after offloading hospitals across various markets.