Category: Hospital Transactions and Valuation

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.

Who owns this hospital? HHS aims to answer 

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. 

Louisiana hospitals partnering to overhaul pediatric healthcare

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.

Inspira Health adds New Jersey hospital

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 AG approves Trinity's acquisition of 'financially distressed' hospital

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. 

11 called-off hospital deals

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

2 New Jersey health systems to merge into $2.2B organization

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.

Mayo Clinic Care Network adds Texas health system

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.