Seattle Children’s Hospital acquired the headquarters of Renton, Wash.-based Providence for $84 million, the Puget Sound Business Journal reported Dec. 28.
Category: Hospital Transactions and Valuation
Bankrupt clinic chain to auction off millions in assets
Bankrupt clinic chain Borrego Health will auction off millions of dollars worth of real estate, medical equipment and other property in January, the San Diego Union-Tribune reported Dec. 24.
Wellstar set to acquire another Georgia health system
Augusta (Ga.) University Health System signed a letter of intent to join Marietta, Ga.-based Wellstar Health System.
3 letters will make or break health system growth in 2023
Hospitals and health systems face a variety of short- and long-term challenges in the year ahead, and one can be summed up in just a few letters: the FTC.
California hospital to close after Trinity sale called off
Madera (Calif.) Community Hospital plans to file for bankruptcy Jan. 3 and close within the month.
Nonprofit health system deals in poor areas scrutinized by WSJ
The Wall Street Journal is monitoring nonprofit health systems and recently published an article scrutinizing where the largest systems are expanding and contracting.
New Jersey hospital shifts to freestanding ER after Trinity, Capital Health transaction closes
St. Francis Medical Center in Trenton, N.J., on Dec. 21 transitioned to a freestanding emergency room that offers various outpatient services after Capital Health acquired the hospital from Trinity Health, according to PBS affiliate WHYY.
Hospital consolidation continues: 12 M&As that grabbed headlines in 2022
Consolidation continued to take flight across the healthcare sector this year, with many hospitals and health systems pursuing mergers and acquisitions to scale and reduce costs, provide additional care services and strengthen their footprint in certai…
2 Cleveland Clinic hospitals to merge urgent care centers
Cleveland Clinic Mercy Hospital and Cleveland Clinic Union Hospital in Dover, Ohio, plan to merge their urgent care centers in Tuscarawas County in the spring, according to the Times Reporter.
Children's Hospital New Orleans to take over operations at Baton Rouge hospital
Children’s Hospital New Orleans is affiliating with Our Lady of the Lake Children’s Health in a partnership that will see the New Orleans pediatric hospital take control of the Baton Rouge, La., hospital.
