The Franklin, Tenn.-based Community Health Systems announced April 18 it entered into a definitive agreement to sell 351-bed Tennova Healthcare-Cleveland (Tenn.) to Hamilton Health Care System in Dalton, Ga., for $160 million in cash.
Category: Hospital Transactions and Valuation
Queens Health System to buy psychiatric hospital from Sutter
Honolulu-based Queen’s Health System plans to complete its acquisition of an 88-bed psychiatric hospital from Sacramento, Calif.-based Sutter Health later this year.
UC San Diego Health operations deal with California hospital slows to crawl
Tri-City Healthcare District in Oceanside, Calif., and UC San Diego Health are still working on plans for a joint power agreement that was expected to be completed by the end of March, The San Diego Union-Tribune reported April 21.
Labcorp completes acquisition of Providence, Baystate outreach lab businesses
In two separate deals, Labcorp completed acquisitions of outreach laboratory businesses from Renton, Wash.-based Providence and Springfield, Mass.-based Baystate Health.
CHS to sell Tennessee hospital
Community Health Systems is preparing to sell off a 351-bed hospital in Tennessee.
Idaho group adds providers, ENT practice from shuttered Saltzer Health
Boise, Idaho-based Primary Health Medical Group has added multiple providers and acquired an ear, nose and throat practice from Nampa, Idaho-based Saltzer Health, a Salt Lake City-based Intermountain Health physician group that closed March 29.
Georgia physician group joins Atrium Health Floyd
Rome, Ga.-based Harbin Clinic, a private physician group, has joined Rome, Ga.-based Atrium Health Floyd, a health system part of Charlotte, N.C.-based Advocate Health.
Medical Properties Trust offloads 5 Steward Utah hospitals for $1B
Medical Properties Trust, one of the world’s largest hospital real estate owners, has offloaded five Dallas-based Steward Health Care-operated Utah hospitals for around $1.1 billion in total cash proceeds.
New York neurosurgeon group joins Northwell Health
Bay Shore, N.Y.-based NeuroCare Long Island, a four-person neurosurgeon group, is now part of New Hyde Park, N.Y.-based Northwell Health and will perform surgeries at Bay Shore-based South Shore University Hospital.
Hospital M&A hits 4-year high
The first quarter of the year marks the strongest merger and acquisition activity among hospitals and health systems since 2020, according to analysis from Kaufman Hall.
