Category: Hospital Transactions and Valuation

The New Jersey Department of Health is backing CarePoint Health’s plan to maintain the nonprofit status of its three hospitals, indicating that the state health planning board may follow suit when it hears the case on Feb. 3, according to nj.com.

After a slight uptick last year, hospital and health system mergers and acquisitions are expected to continue to rise in 2023.

Minnesota Attorney General Keith Ellison has asked Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health System to slow down their proposed merger, the Star Tribune reported Jan. 25. 

El Centro (Calif.) Regional Medical Center is looking to a merger to stay afloat after its acting CEO and CFO resigned, the Imperial Valley Press reported Jan. 25. 

Aurora, Colo.-based UCHealth and Parkview Health System on Jan. 24 signed an agreement to merge in mid-2023.

Louisville, Ky.-based ScionHealth has completed the acquisition of Dallas-based Cornerstone Healthcare Group, adding 15 specialty hospitals, eight senior living locations and about 3,000 providers to its network.

Despite hospital consolidation concerns, “growth is critical” to the success of Yale New Haven Health, and its planned 3-hospital acquisition will benefit patients in the state, CEO Christopher O’Connor told the Hartford Courant.

Franklin, Tenn.-based Community Health Systems has agreed to sell Plateau Medical Center in Oak Hill, W.Va. to Vandalia Health System, according to the Register-Herald.

Almost half of the more than 400 executives surveyed in a recent Mercer report on workplace trends said they will be looking at strategic partnerships as a way of harnessing talent in a challenging macro environment.

When there’s less competition, prices are higher. That’s one fundamental principle of economics that applies to all markets, and this is especially true in healthcare, where American hospitals are the driver of the rising cost of care, Barak Richm…