Category: Hospital Transactions and Valuation

Intermountain CEO talks merger: ‘It’s a service commitment’

Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have finalized a merger put in motion in December. With the deal completed, April 5 marked the first official workday under the combined organization. Marc Harrison, M…

Intermountain, SCL Health form 33-hospital system

Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have completed their merger after the Colorado attorney general’s office signed off on the deal March 31. 

Penn Highlands Healthcare adds 8th hospital

Highlands Hospital in Connellsville, Pa., officially joined DuBois, Pa.-based Penn Highlands Healthcare April 1 after receiving regulatory approvals, becoming the system’s eighth hospital.

Ochsner Health adds hospital, renames it

Jennings (La.) American Legion Hospital joined New Orleans-based Ochsner Health on April 1. The hospital was renamed Ochsner American Legion Hospital. 

West Virginia health systems to merge

Morgantown, W.Va.-based Mon Health System and Chaleston, W.Va.-based CAMC Health System have signed a letter of intent to create a single new system named Vandalia Health, the organizations announced March 31. 

Optum reportedly buys Refresh Mental Health

UnitedHealth Group’s Optum unit has bought Refresh Mental Health from a private equity firm, Axios reported March 24 citing sources. 

7 hospital deals called off

Seven hospital and health system deals have been called off since October, whether it was the cancellation of a merger or acquisition or the unwinding of a partnership.

North Memorial Health to take full ownership of Minnesota hospital

Robbinsdale, Minn.-based North Memorial Health will take full ownership of Maple Grove (Minn.) Hospital by purchasing the final 25 percent stake from Minneapolis, Minn.-based Fairview Health Services.

Federal court affirms decision to block Hackensack Meridian, Englewood merger

The U.S. Court of Appeals for the 3rd Circuit affirmed the order of the District Court to block  Edison, N.J.-based Hackensack Meridian Health’s proposed merger with Englewood (N.J.) Health, according to court documents obtained by Becker’s. 

Kaiser expands partnership with Maryland health system

Baltimore-based University of Maryland Medical System announced March 21 that it has expanded its partnership with Oakland, Calif.-based Kaiser Permanente.