Three for-profit health systems entered into several transactions this year as part of strategic plans to strengthen their hospital portfolios, offload certain facilities or explore ways to expand their reach.
Category: Hospital Transactions and Valuation
Yale New Haven Health seeks $80M from state to buy Prospect hospitals
Yale New Haven (Conn.) Health is seeking $80 million from the state to help with its plan to buy three Connecticut hospitals, according to an Oct. 17 Hartford Courant report.
U of Iowa investment in Mercy City would have topped $50M
The University of Iowa Health system made a final bid of $28 million in its ultimately unsuccessful attempt at buying bankrupt Mercy Iowa City hospital, according to an Oct. 16 report in The Gazette.
Colorado system's delayed merger with UCHealth faces January deadline
Pueblo, Colo.-based Parkview Health System has until Jan. 24 to come to a merger agreement with Aurora, Colo.-based UCHealth before any such deal could fall apart, according to an Oct. 16 filing.
St. Luke's, Aspirus inch closer to 19-hospital merger
Duluth, Minn.-based St. Luke’s and Wausau, Wis.-based Aspirus Health have signed a definitive agreement to form a 19-hospital system with more than 130 outpatient locations and 14,000 employees.
Christus Health buys out partner to fully own New Mexico hospital
Christus Health has bought the 50% of Santa Fe, N.M.-based St. Vincent Regional Medical Center it didn’t already own.
Financial stress driving hospital M&As: Report
More than one-third of hospital and health system transactions announced in the third quarter involved an entity that cited financial distress as a driving factor, according to a Kaufman Hall M&A report published Oct. 12.
Baptist Health to acquire Arkansas system
Little Rock, Ark.-based Baptist Health has reached a definitive agreement to add Monticello, Ark.-based Drew Memorial Health System to its enterprise.
Pipeline Health now a 4-hospital system
El Segundo, Calif.-based Pipeline Health is now a four-hospital system — all of which are in the Los Angeles area —- after it completed the sale of White Rock Medical Center in Dallas to Heights Healthcare of Texas.
UnityPoint, Presbyterian call off merger
Albuquerque, N.M.-based Presbyterian Healthcare Services and West Des Moines, Iowa-based UnityPoint Health have called off a planned $11 billion merger, the two systems said Oct. 11.
