Despite high interest rates and uncertainty from the Russian invasion of Ukraine, healthcare mergers and acquisitions maintained a steady pace in April, Bloomberg Law reported.
Category: Hospital Transactions and Valuation
Pennsylvania health systems to merge
Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health have signed a letter of intent to form a five-hospital system that would generate more than $1 billion in revenue.
UHS becomes sole owner of Washington, DC, hospital
George Washington University has sold its 20 percent minority interest of George Washington University Hospital to Universal Health Services, making the health system the sole owner of the hospital.
Care New England could have merger plans by early summer, CEO says
Providence, R.I.-based Care New England could have plans for a merger by next month, its outgoing CEO told WPRI on May 25.
Tenet to operate 54-bed Florida hospital
Dallas-based Tenet Healthcare will manage a new 54-bed hospital in Port St. Lucie, Fla., which was approved by the city council May 23 and could open in 2024, TCPalm reported May 25.
Franciscan Health, Lurie Children’s form partnership for neonatal care
Franciscan Health Crown Point (Ind.) and Ann & Robert H. Lurie Children’s Hospital of Chicago have formed a partnership for neonatal care.
6 hospital, health system deals called off this year
Six health system and hospital deals have been canceled so far this year, whether it be a scrapped merger or acquisition or the unwinding of a partnership.
Hospital mergers and acquisitions: 6 recent deals
Six merger and acquisition deals involving hospitals and health systems have been announced, completed or called off so far this month:
New Jersey health systems get state approval to merge
Two New Jersey health systems — Saint Peter’s Healthcare System and RWJBarnabas Health — received approval from state regulators to merge.
Proposed Dartmouth Health, GraniteOne Health merger canceled
Dartmouth Health and Manchester, N.H.-based GraniteOne Health are canceling their proposed merger after the state Attorney General’s Office said the move would violate the New Hampshire constitution, according to VTDigger.
