Category: Hospital Transactions and Valuation

Peoria, Ill.-based OSF HealthCare completed its purchase of the real estate, medical equipment and other assets of the closed Galesburg (Ill.) Cottage Hospital for $4 million, according to the Galesburg Register-Mail.

SUNY Upstate Medical University plans to acquire Crouse Health in a move that would shake up the hospital market in Syracuse, N.Y.

Edison, N.J.-based Hackensack Meridian Health and Englewood (N.J.) Health have dropped their merger plans, a spokesperson for Hackensack Meridian told Becker’s.

Driven by the COVID-19 pandemic, the healthcare industry continued to see fewer mergers and acquisitions in the first quarter of 2022, with only 12 transactions recorded, according to an April 7 Kaufman Hall report.

Eight deals involving health systems and hospitals have been announced, finalized or blocked since March 16. 

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…

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. 

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.

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

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.