Doylestown (Pa.) Health is meeting certain financial goals that will clear the way for a definitive agreement to merge with the University of Pennsylvania Health System, according to the Philadelphia Business Journal.
Category: Hospital Transactions and Valuation
Health systems snapping up hospitals in neighboring states
Healthcare is shifting to a multi-region model and the number of health systems operating in multiple states is rapidly increasing.
Envision exits California
Envision is halting services and operations in California after resolving a lawsuit accusing the physician services company of violating corporate practice of medicine laws.
Ohio system to acquire 16th hospital
Morrow County Hospital, a 25-bed critical access hospital in Mount Gilead, Ohio, will join Columbus-based OhioHealth after the Morrow County Hospital board of trustees and Morrow County Commissioners voted to enter into a membership agreement with the …
HCA 'built to be bigger' but selective with M&As, CEO says
HCA Healthcare CEO Sam Hazen said the 188-hospital system is “built to be bigger,” but they are “very selective about making sure that an acquisition fits the model and can produce the returns that we expect from acquisitions.”
Desert Healthcare District, Tenet hospital lease agreement stalled
The board for Desert Healthcare District and Foundation is working to “clarify and refine some language” around a noncompete clause in its hospital lease purchase agreement with Dallas-based Tenet Healthcare, according to a June 21 release shared with …
Health systems eye 'multi-region model'
Cross-market mergers and acquisitions are becoming more prominent as health systems diversify their portfolios, strengthen bargaining power and pursue further economies of scale amid challenging financial headwinds.
Prisma to expand into Tennessee
Greenville, S.C.-based Prisma Health plans to enter a new state by acquiring Blount Memorial Hospital, a 304-bed community hospital in Maryville, Tenn.
Medical group exits Prospect affiliate, joins Care New England network
Boston-based Arches Medical Partners’ physician group will leave CharterCare Provider Group, part of Los Angeles-based Prospect Medical Holding, and partner with Integra Community Care Network, part of Providence, R.I.-based Care New England Heal…
Bill permitting new physician-owned hospitals gains steam
A bipartisan group of legislators introduced a bill in the House of Representatives that would allow for new physician-owned hospitals.
