Category: Hospital Transactions and Valuation

LCMC Health makes case for $150M acquisition of 3 HCA hospitals

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….

U of Michigan Health to acquire, invest $800M in 6-hospital system

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.

Capital Health receives approval to take over New Jersey Hospital

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

Texas A&M, University Health partner on training, research hospital

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, Advocate Aurora complete merger

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. 

10 hospital and health system merger and acquisition updates from November

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

Minnesota AG seeks input on Sanford, Fairview merger: ‘We’ve heard people are concerned’

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. 

Illinois OKs Atrium, Advocate Aurora merger

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 …

Thomas Health to join WVU Health

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

ProMedica to exit Welltower SNF joint venture

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.