Beijing-based social media giant ByteDance has acquired one of China’s largest private hospital chains for about $1.5 billion, according to an Aug. 9 report from Bloomberg.
Category: Hospital Transactions and Valuation
Temple Health and partners to buy hospital from Tower Health
Three nonprofit hospitals have partnered to purchase Philadelphia-based Chestnut Hill Hospital, The Philadelphia Inquirer reported Aug. 8. Philadelphia College of Osteopathic Medicine, Meadowbrook, Pa.-based Redeemer Health and Philadelphia-…
U of Iowa Health Care offered $605M to buy Mercy Iowa City
Mercy Iowa City was offered $605 million by University of Iowa Health Care last year for ownership of the hospital, The Gazette reported Aug. 5.
West Virginia health systems to cut ties over EHR vendor choice
Davis Health System began a clinical affiliation with WVU Medicine in 2019. The health systems are ending the partnership Aug. 8, according to The Inter-Mountain.
Mississippi health system merges with Ochsner
Meridian, Miss.-based Rush Health Systems has merged with New Orleans-based Ochsner Health as of Aug. 1.
Mercy Iowa City ends search for new partner
Mercy Iowa City (Iowa) announced it has abandoned plans to exit its four-year affiliation with the statewide MercyOne health network to integrate into a more extensive healthcare system. According to a July 28 report from The Gazette, the only communit…
CHS sells Oklahoma hospital
Franklin, Tenn.-based Community Health Systems has sold AllianceHealth Seminole (Okla.) to SSM Health Oklahoma, according to a July 28 filing with the Securities and Exchange Commission.
Princeton Community Hospital to join West Virginia University Health System
The Princeton (W.Va.) Community Hospital Association approved an agreement with the West Virginia University Health System to fully integrate into the WVU Health System, according to a July 28 announcement from the city of Princeton board of directors.
FTC poised to thwart more hospital mergers
The Federal Trade Commission’s new majority is primed to more aggressively combat consolidation in the healthcare industry after successfully challenging four hospital mergers, according to a July 18 report from the Kaiser Family Foundation.
Why Atrius chose Optum
Auburndale, Mass.-based Atrius Health and Optum, the provider arm of UnitedHealth Group, benefit from a mutual relationship; according to the Boston Globe, Atrius’s model was a shining example of what healthcare could be.
