Category: Hospital Transactions and Valuation

The Health Care Authority of the City of Anniston (Ala.) has signed a letter of intent for RMC Health System to become an affiliate of Birmingham, Ala.-based UAB Health System.

Providence plans to expand its network of ASCs by deepening its partnership with Tenet-affiliate United Surgical Partners International.

Health systems are looking to combine their resources through mergers and acquisitions as financial challenges plague the industry. Now, state lawmakers want a hand in the deal. 

Lifepoint Health acquired a majority ownership interest in behavioral health network Springstone, closing a deal that adds 18 hospitals and 35 outpatient locations to the Lifepoint network. 

Columbus-based OhioHealth and Select Medical, an operator of long-term acute care and inpatient rehabilitation hospitals, have inked a definitive agreement to acquire the operating assets of Reunion Rehabilitation Hospital in Dublin, Ohio.

Private equity had its second-best year for healthcare services deal activity in 2022 — 2021 being the best — after firms announced or closed an estimated 863 transactions, according to a Feb. 3 report by market research firm Pitchbook.

More than 50 students and medical professionals from the Minneapolis-based University of Minnesota rallied Feb. 3 to protest the proposed merger between Sanford Health and Fairview Health Services, according to the Pioneer Press. 

Houston-based Nutex Health, a micro-hospital network, opened up its 22nd location in Fort Smith, Ark.

Bill Gassen, CEO of Sioux Falls, S.D.-based Sanford Health, and James Hereford, CEO of Minneapolis-based Fairview Health Services, responded to questions about their organizations’ proposed merger in an interview with NBC affiliate KARE11. 

The Minnesota Nurses Association is encouraging legislators to pass a bill which would give the state’s health department power to approve or deny hospital mergers based on how they can affect patients and communities.