Category: Hospital Transactions and Valuation

Tucson, Ariz.-based TMC Health has started the due diligence process to acquire Santa Cruz Valley Regional Hospital in Green Valley, Ariz., a spokesperson for TMC Health confirmed to Becker’s May 3.

An affiliation between Chapel Hill-based University of North Carolina Health and Boone, N.C.-based Appalachian Regional Healthcare System has been approved.

Worcester-based UMass Memorial Health has signed a nonbinding letter of intent with Gardner, Mass.-based Heywood Healthcare, a two-hospital system, to explore an affiliation deal.

Nine deals involving health systems and hospitals have been announced, finalized or called off since April 11.

Centennial, Colo.-based Centura Health completed the acquisition of St. Elizabeth Hospital and St. Catherine Hospital-Dodge City from Brentwood, Tenn.-based LifePoint Health, making Centura a 19-hospital system.

Nashville, Tenn.-based HCA Healthcare signed an agreement to acquire Richmond, Va.-based BetterMed, an urgent care practice with 12 locations, Tim McManus, president of HCA Healthcare Capital Division, confirmed to Becker’s.

Dallas-based Steward Health Care has acquired the property of the former Miami Medical Center from Miami-based Nicklaus Children’s Health System.

The pace of healthcare mergers and acquisitions slowed for the first quarter of 2022 after a large volume of deals in 2021, an April 26 KPMG report found.

Walmart heir Alice Walton’s foundation has partnered with the Washington Regional Medical System in Fayetteville, Ark., to build a new regional healthcare system. 

Leawood, Kan.-based Noble Health reached an agreement for Wylie, Texas-based company Platinum Team Management to take control of two shuttered hospitals and nine medical clinics, KOMU reported April 21.