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.
Category: Hospital Transactions and Valuation
M&A, strategic partnerships will lead to obtaining greater talent, innovation
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.
Viewpoint: Antitrust strategies could rein in healthcare costs
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…
M&A momentum to continue in 2023 as providers seek strategic partnerships: KaufmanHall
Financial and clinical challenges will ensure merger and acquisition activity remains strong in the healthcare sector in 2023, building on the momentum of last year, KaufmanHall said in a Jan. 12 report.
Vandalia Health to acquire another community hospital in West Virginia
Charleston, W.Va.-based Vandalia Health has signed a definitive agreement to acquire Plateau Medical Center in Oak Hill from a subsidiary of Community Health Systems, the Register-Herald reported Jan. 12.
Healthcare mergers and acquisitions no longer just about scale
Some of the larger merger and acquisition transactions and proposals in the healthcare sector are no longer just about economies of scale but have other goals in mind, such as improving health equity, according to a Jan. 12 report from KaufmanHall.
MultiCare acquires 12th hospital, adding 2,700 staff
Tacoma, Wash.-based MultiCare Health System on Jan. 17 completed the acquisition of Yakima Valley Memorial Hospital and its associated clinics.
Sanford, Fairview say U of Minnesota can repurchase flagship hospital, but U envisions 'reacquisition'
A merger between Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health System has been a subject of debate in the North Star State, with ownership of the University of Minnesota Medical Center proving particularly contentious.&nb…
Cross-market M&A to continue to be at forefront of healthcare deal activity in 2023
Some of the largest healthcare merger and acquisition deals in 2022 involved cross-market transactions, and this trend is expected to continue in 2023, a report from Kaufman Hall said.
Hospital that has been 'a drain on the state' to join WVU Medicine, governor says
Morgantown, W.Va.-based WVU Medicine will acquire Welch (W.Va.) Community Hospital after the McDowell County Commission approved the takeover, according to the Bluefield Daily Telegraph.
