Category: Hospital Transactions and Valuation

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

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, 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. 

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.