Here is a summary of hospital and healthcare merger and acquisition-related transactions from October:
Category: Hospital Transactions and Valuation
UC San Diego Health to assume operations of community hospital
Tri-City Healthcare District has selected UC San Diego Health as its future healthcare partner, with the two organizations developing a joint powers agreement.
U of Iowa Health to purchase Mercy Iowa City
Having originally failed in its bid to buy Mercy Iowa City hospital, the University of Iowa Health system is now set to take over the bankrupt facility.
Catholic system, Singing River call off negotiations
Ocean Springs, Miss.-based Singing River Health System is back on the market after negotiations around its planned sale to Franciscan Missionaries of Our Lady Health System, a 10-hospital system, broke down, SuperTalk Mississippi Media reported Oct. 25…
Hospital exploring Pennsylvania alliance affiliation
Kittanning, Pa.-based Armstrong County Memorial Hospital is weighing whether to become part of DuBois-based Pennsylvania Mountains Care Alliance, a collaborative of independent community hospitals, the Pittsburgh Post-Gazette reported Oct. 26.
Mercy Iowa City's sale delay harming community, orthopedic group says
Stalling by Mercy Iowa City hospital authorities over the facility’s sale is causing employees to leave and patients to cancel procedures, according to the orthopedic group operating at the bankrupt hospital in an Oct. 25 report from The Gazette.
6 notes on Risant Health 6 months later
It has been six months since Oakland, Calif.-based Risant Health agreed to acquire Danville, Pa.-based Geisinger Health to launch Risant Health.
Yale New Haven resumes talks with state on 3-hospital Prospect deal
Yale New Haven (Conn.) Health has resumed negotiations with Connecticut officials about a proposed deal for the system to acquire three hospitals from Prospect Medical Holdings, the Connecticut Mirror reported Oct. 25.
Ascension hospitals transferring to Henry Ford have $3.4B annual revenues
The Ascension-owned Michigan hospitals transferring to Detroit-based Henry Ford Health had a total revenue of $3.4 billion in fiscal 2023 and operated at a loss, according to an Oct. 25 filing detailing the proposed transaction.
Sustained losses could threaten Mercy Iowa City purchase
Auction-winning bondholder Preston Hollow Community Capital says Mercy Iowa City hospital is handing over obligations to fund continued operating losses in a way that has caused an impasse in any eventual sale of the facility, according to an Oct. 25 r…
