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:
Category: Hospital Transactions and Valuation
CHS' $1B divestiture plan — 7 hospital sales to know
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.
Deaconess, Kentucky system acquisition moves forward: 5 things to know
More details have emerged regarding Evansville, Ind.-based Deaconess Health System’s plan to acquire Hopkinsville, Ky.-based Jennie Stuart Health.
CHS' $1B divestiture plan continues with Mississippi hospital sale
Franklin, Tenn.-based Community Health Systems continues to make progress on its $1 billion divestiture plan and aims to sell Merit Health Biloxi (Miss.), a 153-bed acute care hospital, to Gulfport, Miss.-based Memorial Health System.
Astrana Health to acquire part of Prospect Health for $745M: 5 things to know
Alhambra, Calif.-based Astrana Health has entered into a $745 million definitive agreement to acquire certain assets and businesses from Los Angeles-based Prospect Health System.
Hospital M&A surges in Q3, up 79% from Q2: Report
The third quarter of 2024 saw a significant increase in hospital and health system mergers and acquisitions compared to the previous quarter as well as the third quarter of 2023, according to an Oct. 31 report published by Cain Brothers, a division of …
General Catalyst to acquire Summa Health for $485M
Akron, Ohio-based Summa Health has reached a $485 million definitive agreement to join Health Assurance Transformation Corp., according to a Nov. 7 news release.
California OKs pediatric system merger
California Attorney General Rob Bonta has conditionally approved a pediatric hospital merger under which Children’s HealthCare of California, the parent company of Children’s Hospital of Orange County and CHOC at Mission Hospital, and Rady Children’s H…
Voters OK Desert Healthcare District, Tenet lease: 6 things to know
The 30-year lease purchase agreement between Desert Healthcare District and Dallas-based Tenet Healthcare for Palm Springs, Calif.-based Desert Regional Medical Center was approved by voters Nov. 5.
Health systems exit markets with limited growth potential
Hospital consolidation is accelerating as health systems navigate rising costs, staffing challenges and the need for scale to stay competitive .
