Category: Hospital Transactions and Valuation

As the financial challenges for hospitals mount, big systems have become sellers.

The number of hospital and health systems mergers and acquisitions announced in the first quarter was substantially higher than the same period in 2023, according to an April 1 report by Cain Brothers, a division of Key Banc Capital Markets.

Renton, Wash.-based Providence and RadNet, an outpatient diagnostic imaging services provider, have established a joint venture called Tri Valley Imaging Group.

Washington, D.C.-based Risant Health, a nonprofit organization that is part of Oakland, Calif.-based Kaiser Permanente, acquired Danville, Pa.-based Geisinger Health on March 31.

Nampa, Idaho-based Saltzer Health, a physician group, has sold three facilities to Boise, Idaho-based Saint Alphonsus Health System after the group was closed March 29 by Salt Lake City-based Intermountain Health.

New Hampshire Attorney General John Formella has negotiated terms for Dartmouth Health’s proposed acquisition of Valley Regional Hospital in Claremont. 

Los Angeles-based UCLA Health has acquired a 260-bed hospital from HCA Healthcare’s Far West division.

Dallas-based Tenet Healthcare is reorganizing its hospital portfolio through various strategic transactions. 

Roseville, Calif.-based Adventist Health has finalized an agreement with Dallas-based Tenet Healthcare to acquire two California hospitals, effective March 29.

March 26 was a busy day for health system deals, with Tenet completing the sale of four California hospitals and Steward announcing plans to sell its physician group to Optum.