Category: Hospital Transactions and Valuation

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. 

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

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.