Category: Hospital Transactions and Valuation

Cass City, Mich.-based Hills & Dales Healthcare and UnitedHealthcare Partners have signed a nonbinding letter of intent to combine the two organizations. 

A Michigan hospital that became the first in the state to transition to rural emergency hospital status in August has now been sold to a for-profit entity, according to a Nov. 3 Watershed Voice report.

The long-awaited sale of Mercy Iowa City hospital is now over after Iowa City-based University of Iowa Health was approved Nov. 6 to buy the bankrupt facility.

The Queen’s Health System in Honolulu, Hawaii, has entered into an asset purchase agreement to acquire Wahiawa General Hospital, effective March 31.

The Connecticut attorney general’s office has previously said it is investigating Los Angeles-based Prospect Medical Holdings for back taxes it owes the state.

Fishersville, Va.-based Augusta Health is adding Augusta Health Care for Women, the health system said Nov. 2.

Pueblo, Colo.-based Parkview Health and Aurora, Colo.-based UCHealth have completed all their necessary regulatory processes and will be joining forces Dec. 1, the two systems said Nov. 2.

Mobile, Ala.-based Infirmary Health, the largest nonprofit private healthcare provider in the state, is teaming up with New Orleans-based Ochsner Health by joining its accountable care organization, the two systems said Nov. 2.

Blackstone, a private equity firm, has inked a deal to purchase a 72.5 percent stake in Quality Care India — which operates  Care Hospitals —- from Evercare, a platform backed by TPG Rise funds, the Business Standard reported Oct. 31.

Titusville, Fla.-based Parrish Healthcare is the target of a Florida representative who wants to see the public system sold because of what he believes is excessive government interference. The health system, meanwhile, wants no part of a sale, accordi…