Category: Hospital Transactions and Valuation

Dallas-based Tenet Healthcare has sold 14 hospitals this year for more than $4.8 billion combined as it continues to transform its portfolio into a more value-based care enterprise with a leading specialty care platform. 

As financial pressures mount and competition intensifies, hospitals and health systems are increasingly pursuing mergers and acquisitions to diversify their portfolios, strengthen bargaining power and pursue economies of scale. 

U.S. Bankruptcy Court Judge Christopher Lopez approved the sale of seven Dallas-based Steward Health Care hospitals to Healthcare Systems of America, an affiliate of Glendale, Calif.-based American Healthcare Systems during an Oct. 25 court hearing.

During an Oct. 24 third quarter earnings call, Franklin, Tenn.-based Community Health Systems CFO Kevin Hammons reiterated the health system’s commitment to selling $1 billion in hospital assets.

Connecticut has told Los Angeles-based Prospect Medical Holdings that it wants monitors on board at its three state hospitals amid ongoing disputes with Yale New Haven (Conn.) Health over a $435 million stalled deal for the facilities.

Orlando (Fla.) Health has completed the purchase of three Steward Health Care hospitals and related physician practices in Florida.

Sioux Falls, S.D.-based Sanford Health and Marshfield (Wis.) Clinic Health System have signed an affiliation to combine.

U.S. Bankruptcy Court Judge Christopher Lopez has approved Santa Fe Springs, Calif.-based College Health Enterprises, a healthcare management company, as interim manager for Phoenix-based St. Luke’s Behavioral Health Center in an Oct. 22 hearing. 

Jersey City, N.J.-based CarePoint Health, a three-hospital system, and Hudson Regional Hospital in Secaucus, N.J., plan to affiliate under a management services organization known as Hudson Health System.

Two health systems are taking over urgent care clinics previously managed by Optum’s MedExpress Urgent Care.