Category: Hospital Transactions and Valuation

For the first time, anyone can view detailed information on the ownership of more than 7,000 Medicare-certified hospitals with a new data set published by HHS Dec. 20. 

Children’s Hospital New Orleans and Baton Rouge, La.-based Our Lady of the Lake Children’s Health are collaborating to bolster child health outcomes and specialized services across the state.

Mullica Hill, N.J.-based Inspira Health has added Salem (N.J.) Medical Center to its system and acquired its hospital building, ASC and physician offices. 

California Attorney General Rob Bonta has conditionally approved the sale of “financially distressed” Madera Community Hospital to Livonia, Mich.-based Trinity Health, according to a Dec. 15 news release. 

Nearly a dozen hospital mergers, acquisitions, joint ventures, affiliations and partnerships were unwound or called off throughout 2022.

Camden, N.J.-based Cooper University Health Care and Cape Regional Health System in Cape May Court House, N.J., have signed a letter of intent to merge into a two-hospital system with revenue exceeding $2.2 billion a year.

San Angelo, Texas-based Shannon Medical Center has joined the Mayo Clinic Care Network, a global group of independent care systems that can tap into the knowledge and medical expertise of Rochester, Minn.-based Mayo Clinic.

At a Dec. 8 public hearing, New Orleans-based LCMC Health officials made their case to the office of the Louisiana Attorney General for the system’s planned acquisition of three Tulane University hospitals in Baton Rouge, La., nola.com reported Dec. 8….

The University of Michigan Health’s board of regents on Dec. 8 approved a proposed agreement that would see it acquire Lansing, Mich.-based Sparrow Health System to become a $7 billion-health system with more than 200 sites of care.

Trenton, N.J.-based Capital Health has received approval to take over services from Trenton-based St. Francis Medical Center.