Category: Hospital Transactions and Valuation

Minnesota nurses push hospital merger oversight bill

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. 

Florida health systems to combine

St. Augustine, Fla.-based Flagler Health+ plans to join UF Health, the University of Florida’s academic health center, in 2023.

Tower Health to sell 17 urgent care centers

West Reading, Pa.-based Tower Health hopes to cement a deal to sell 17 of its urgent care centers in the coming months, the Philadelphia Business Journal reported Feb. 1

CommonSpirit buys stake in Arabian hospital group

Dignity Health International, the international arm of Chicago-based CommonSpirit Health, has acquired a minority equity stake in RAK Hospital, one of the United Arab Emirates’ most acclaimed private hospitals, according to the Khaleej Times.

Medical students: Sanford-Fairview merger would reduce U of Minnesota's 'academic integrity'

Medical students, state representatives and a nurses union spoke out against a proposed merger between Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health Services at a Jan. 30 Minnesota House meeting. 

CarePoint sale could be on the cards after department of health backs nonprofit status

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.

32 recent hospital sales

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

Sanford-Fairview asked to delay merger by Minnesota attorney general

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. 

California hospital aims for merger after CEO, CFO resign

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. 

UCHealth, Parkview agree on deal to combine

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