Pipeline Health has signed a letter of intent to sell its two Illinois hospitals to a Michigan-based company for $92 million, according to the Chicago Sun-Times.
Category: Hospital Transactions and Valuation
Canyon Atlantic ends bid to buy 2 Pennsylvania hospitals
The prospective buyer of two shuttered Pennsylvania hospitals has filed a motion to end litigation to purchase the facilities, The Daily Local reported March 8.
Altru Health won’t be sold, CEO says
Following rumors that Grand Forks, N.D.-based Altru Health System may be acquired after the sudden departure of President Steven Weiser, MD, the system’s new CEO told the Grand Forks Herald in a March 5 article that Altru is not for sale.
Atlantic Health buys 7 urgent care locations in New Jersey
Morristown, N.J.-based Atlantic Health System has purchased Immediate Care’s seven urgent care locations from CentraState Healthcare System, Atlantic Health said March 3.
Hospital M&A update: 9 recent deals
Nine deals involving health systems and hospitals have been announced, finalized or called off in the last two weeks:
Just Announced – Eight (8) Physician speakers (including 3 Orthopedic Surgeons) at the 4th Annual Physician Transactions Conference – March 24, 2022 in Chicago.
As you know from reading Becker’s each day, more physicians than ever are entering into partnerships with larger organizations, as evidenced by 30 orthopedic group transactions during 2021, doubling the number of orthopedic group “investor platforms” f…
Care New England: ‘Our future is strong’ despite merger rejection
The CEO of Care New England said the health system is resilient after the Federal Trade Commission and state attorney general’s rejection of its proposed merger with Lifespan, both based in Providence, R.I., The Boston Globe reported March 1.
NYU Langone, Long Island hospital make affiliation official
New York City-based NYU Langone Health and East Patchogue, N.Y.-based Long Island Community Hospital have made their affiliation official after receiving state and federal approvals.
Nationwide Children’s assumes ownership of Mercy Health-Children’s Hospital
Columbus, Ohio-based Nationwide Children’s Hospital has taken over ownership of Toledo, Ohio-based Mercy Health-Children’s Hospital, which will be named Nationwide Children’s Hospital-Toledo.
University Health forms joint venture to operate 3 rehab hospitals
San Antonio, Texas-based University Health has entered a joint venture with post-acute healthcare company PAM Health in an effort to expand access for University Health patients who need inpatient rehabilitation services after being discharged.
