Los Angeles-based Prospect Medical Holdings has received conditional approval from Rhode Island Attorney General Peter Neronha, after a lengthy review, to sell its two safety net hospitals to The Centurion Foundation.
Category: Hospital Transactions and Valuation
CHS evaluating operations at hospitals in collapsed Novant deal
Franklin, Tenn.-based Community Health Systems said it is “evaluating the current operations” at its two North Carolina hospitals after a deal to sell the hospitals to Winston-Salem, N.C.-based Novant Health was called off amid Federal Trade Commission…
Novant scraps $320M hospital deal with CHS
Winston-Salem, N.C.-based Novant Health has called off its planned $320 million acquisition of two North Carolina hospitals from Community Health Systems after an appellate court granted the Federal Trade Commission an emergency injunction blocking the…
Health systems uneasy about acquiring financially weaker assets
Financially stronger health systems are hesitant about acquiring weaker hospitals or systems, an M&A trend that is expected to continue as organizations continue financial turnarounds and work to steadily improve their operating margins after a financi…
Oregon hospital seeks health system partner
Coos Bay, Ore.-based Bay Area Hospital is making progress on its financial turnaround and is exploring potential opportunities to partner with or become part of a larger health system.
U of Minnesota, Fairview working 'through summer' to advance hospital deal
The University of Minnesota and Fairview Health Services, both based in Minneapolis, are working through new agreements to bring facilities shared between the two parties under the University of Minnesota’s wing.
For-profit hospital M&A ramps up
The first quarter of 2024 marked the strongest merger and acquisition activity among hospitals and health systems since 2020. For-profit systems, in particular, are making a lot of moves in the hospital market and Dallas-based Steward Health Care recen…
Walgreens weighs Boots sale: Report
Walgreens Boots Alliance is exploring all options for Boots, including a potential spinoff, Bloomberg reported June 7.
3 for-profit hospitals on the move
Three for-profit hospitals owned by Franklin, Tenn.-based Community Health Systems and King of Prussia, Pa.-based Universal Health Services could soon be changing hands.
California hospital zeros in on potential buyer
The board overseeing Hollister, Calif.-based Hazel Hawkins Memorial Hospital voted to move negotiations forward with a potential private buyer of the hospital, NBC affiliate KSBW reported June 6.
