Category: Hospital Transactions and Valuation

13 healthcare mergers and acquisitions making headlines in May

Here is a summary of hospital and healthcare merger and acquisition-related transactions from May:

Parkview Health to acquire Ohio health system

Fort Wayne, Ind.-based Parkview Health System is to acquire Bryan, Ohio-based Community Hospitals and Wellness Centers, according to a June 8 filing.

Guthrie Clinic to acquire Our Lady of Lourdes Memorial Hospital system

Sayre, Pa.-based the Guthrie Clinic has agreed to acquire the Binghamton, N.Y.-based Our Lady of Lourdes Memorial Hospital system.

San Benito County finds possible partner for bankrupt California hospital

San Benito County leaders would like the bankrupt Hollister, Calif.-based Hazel Hawkins Memorial Hospital to start partnership discussions with neighboring Salinas (Calif.) Valley Health, but Hazel Hawkins said it is not ready, ABC and NBC affiliate KS…

Adventist Health takes over Bakersfield heart hospital, saves jobs

Roseville, Calif.-based Adventist Health has acquired the Bakersfield Heart Hospital for a nominal sum and is aiming to save 300 jobs there in doing so, according to a June 6 report from The Bakersfield Californian.

Inova Health snaps up another physician group

Inova Health System has acquired Annandale, Va.-based Northern Virginia Pulmonary and Critical Care Associates, which comprises nine physicians and two locations, according to the Washington Business Journal.

5 states reviewing healthcare M&A oversight

A number of states have attempted to pass laws recently to potentially curb what legislators say is inappropriate consolidation in the healthcare industry. Other states have pushed back on such legislation.

Rhode Island AG rejects application for health system sale

The Rhode Island Attorney General and state department of health have rejected an initial application requesting approval for the Centurion Foundation to purchase CharterCare Health Partners from Los Angeles-based Prospect Medical Holdings, a 16-hospit…

Davis Health System to join Vandalia Health

Charleston, W.Va.-based Vandalia Health is looking to continue its growth in the state with a plan to incorporate Elkins, W.Va.-based Davis Health into its system.

Pennsylvania senators revive bills to stop 'looting' of health systems by for-profit entities

A number of bills in the Pennsylvania Senate, including one designed to bar for-profit hospitals, are seeing the light of day after being previously shelved, according to a May 29 report from radio station WHYY.