Category: Hospital Transactions and Valuation

Executives from Texas A&M University-San Antonio, Bryan-based Texas A&M Health and San Antonio-based University Health have partnered to expand care, medical training and research in South Texas and Bexar County. 

Atrium Health and Advocate Aurora Health closed on their formal combination Dec. 2, resulting in a newly combined $27 billion, 67-hospital system called Advocate Health — the fifth-largest nonprofit health system in the U.S. 

The following are hospital and health system deals that were announced, completed or canceled in the month of November:

Minnesota’s attorney general plans to host several public hearings in early 2023 to collect input on the proposed merger of Sanford Health and Fairview Health, the Star Tribune reported Nov. 22. 

The Illinois Health Facilities and Services Review Board unanimously approved a plan to change ownership for 10 Advocate Aurora facilities in the state covered by the system’s plan to merge with Charlotte, N.C.-based Atrium Health, the Chicago Tribune …

Charleston, W.Va.-based Thomas Health will soon become part of West Virginia United Health System by the end of 2022. 

Toledo, Ohio-based ProMedica plans to transfer the real estate and management of all its skilled nursing facilities with Welltower to the real estate investment company, effective Dec. 19, 2022. 

Youturn Health, a virtual behavioral health support program, has teamed up with Sure Med Compliance, a digital healthcare company for pain management risk mitigation, for a new behavioral health and substance misuse education platform.

Arlington, Va.-based Privia Health has formed a joint venture with Novant Health Enterprises, a division of the Winston-Salem, N.C.-based health system, to launch Privia Medical Group – North Carolina.

The following are hospital and health systems deals that were announced, completed or canceled in the month of October: