Los Angeles-based Prospect Medical Holdings, which is planning to sell three Connecticut hospitals to Yale New Haven Health, owes more than $1.6 million in taxes in the state, according to a CT Insider Aug. 21 report.
Category: Hospital Transactions and Valuation
Bankruptcy court approves Adventist's hospital purchase
The court overseeing Montebello, Calif.-based Beverly Community Hospital’s bankruptcy case has approved an asset purchase agreement with Adventist Health White Memorial.
Legacy, OHSU to merge into 10-hospital system
Portland-based Legacy Health and Oregon Health & Science University have signed a nonbinding letter of intent to combine and create a 10-hospital system with more than 32,000 employees and over 100 locations.
Former Kaiser CEO has concerns about Risant
Oakland, Calif.-based Kaiser Permanente has agreed to acquire Geisinger Health, a 12-hospital system headquartered in Danville, Pa., in a deal that would see Geisinger be the first to join Risant Health, a nonprofit launched by Kaiser Foundation Hospit…
Troubled Tennessee hospital selling assets for well below target price
Maryville, Tenn.-based Blount Memorial Hospital, which has been at the center of a long-running dispute with local government, now looks as if it will be selling some of its assets off for just $7.5 million, according to an Aug. 16 filing.
Healthcare M&A hits 3-year low
The number of healthcare mergers and acquisitions continued to decline in the second quarter of 2023, with the volume of deals at the lowest level in three years, according to an analysis from KPMG.
Lifespan Health-leased outpatient facility changes ownership
A joint venture between two real estate investment groups has resulted in the purchase of an outpatient facility in Rhode Island largely operated by Providence-based Lifespan Health, according to an Aug. 3 Boston Real Estate Times report.
Cincinnati Children's acquires new primary care practice
Cincinnati Children’s has acquired primary care practice Pediatric Associates of Cincinnati, Cincinnati Business Courier reported Aug. 7.
Lawmakers butt heads on private equity in healthcare
Private equity investment in the healthcare sector is booming, and Democratic lawmakers are concerned, according to a report in The Wall Street Journal.
University of Iowa to acquire troubled 234-bed hospital
University of Iowa plans to acquire Mercy Iowa City, a 234-bed, financially troubled hospital that is resisting an investment firm’s takeover, according to a news release shared with Becker’s.
