Category: Hospital Transactions and Valuation

The University of Michigan Health has officially acquired Lansing, Mich.-based Sparrow Health System to become a $7 billion health system with more than 200 sites of care, according to an April 3 news release shared with Becker’s.

After nearly two years of discussions, Irving, Texas-based Christus Health has acquired CardiaStream to create the largest cardiology group in East Texas, the Dallas Business Journal reported April 4.

Franklin, Tenn.-based Community Health Systems completed a $92 million sale of Oak Hill, W.Va.-based Plateau Medical Center to Charleston, W.Va.-based Vandalia Health. 

Doylestown (Pa.) Health is looking set to sell its Pine Run retirement community as it seeks to raise funds in a battle to become more financially secure.

The boards of Atlanta-based Wellstar Health System and Augusta (Ga.) University Health System approved a new affiliation that will see Wellstar invest $800 million in Augusta facilities over the next 10 years.

Australian private equity firm HMC Capital has inked a $859 million deal to acquire 11 U.S. hospital properties from Birmingham, Ala.-based Medical Properties Trust, the Financial Review reported March 29.

Washington (Pa.) Health System — one of only three independent health systems in the Pittsburgh area — may be considering a merger, the Pittsburgh Post-Gazette reported March 28. 

St. Louis-based Mercy has finalized a lease agreement to operate and manage the county-owned Perry County Memorial Hospital in Perryville, Mo., with the organizations expected to integrate this fall. 

Baton Rouge, La.-based Franciscan Missionaries of Our Lady Health System will work with the Jackson County Board of Supervisors to acquire Singing River Health System, which has hospitals in Ocean Springs, Pascagoula and Gulfport, Miss.

The Jasper (Texas) Hospital District board voted to sell the former Dickerson Memorial Hospital and its associated properties, kjas.com reported March 22.