Category: Hospital Transactions and Valuation

The University of Pennsylvania Health System in Philadelphia and Doylestown (Pa.) Health have signed a nonbinding letter of intent to explore if Doylestown will become part of Penn Medicine, a six-hospital system.

Hospital and health system merger and acquisition activity increased 27% year over year to 75 announced transactions in 2023, according to a report published Jan. 2 by Cain Brothers, a division of Key Banc Capital Markets.

Health systems are pursuing joint ventures and service line partnerships in multiple sectors this year, including outpatient surgery, behavioral health, post-acute care, physician services, urgent care and hospital-at-home programs. 

The Federal Trade Commission has begun a review of Pittsburgh-based UPMC’s plans to acquire Washington Health System, according to a Jan. 10 Pittsburgh Post-Gazette report.

Hills & Dales Healthcare, based in Cass City, Mich., and UnitedHealthcare Partners, based in Marlette, Mich., have joined forces to create a three-hospital system. 

Gunnison (Colo.) Valley Health is in talks with Vail-Summit Orthopaedics and Neurosurgery to acquire ownership of several of its locations, a spokesperson for the physician group told Becker’s. 

Duluth, Minn.-based Essentia Health and Marshfield (Wis.) Clinic Health System have ended efforts to combine into a 25-hospital regional health system. 

Being part of a regional healthcare system will give Fort Payne, Ala.-based DeKalb Regional Medical Center access to local resources it does not have, Huntsville (Ala.) Hospital Health System CEO Jeff Samz told al.com in a Jan. 4 report.

The year is off to a busy start in Missouri healthcare, with three health system partnerships closing in two days. 

Columbia-based University of Missouri Health Care and Jefferson City, Mo.-based Capital Region Medical Center have completed their integration, with both health systems unified under the one brand: MU Health Care.