Category: Hospital Transactions and Valuation

Rhode Island AG rejects Lifespan-Care New England merger, will join FTC in lawsuit

Rhode Island Attorney General Peter Neronha has denied the application for the proposed merger between Lifespan and Care New England and said he will join the Federal Trade Commission in filing a lawsuit challenging the deal, The Boston Globe reported …

South County Health battles Lifespan-Care New England merger

South Kingstown, R.I.-based South County Health is opposing the proposed merger between Lifespan and Care New England, both based in Providence, R.I., The Public’s Radio reported Feb. 15.

Alabama company helped private equity presence in hospitals

As private equity firms increasingly buy hospitals, several have used Birmingham, Ala.-based Medical Properties Trust for help.

Judge orders Tower Health to restart sale of 2 closed hospitals

A Pennsylvania Court of Common Pleas judge ordered Tower Health to restart the sale process of two now-shuttered hospitals to a Texas turnaround firm, The Daily Local reported Feb. 14.

Northwestern Medicine purchases Hyatt hotel in Chicago

Northwestern Memorial HealthCare purchased the Hyatt Centric Hotel in Chicago to give patients and families an option to stay overnight when receiving care, a health system spokesperson told Becker’s.

Prospect Medical Holdings goes on hospital divestiture spree

Los Angeles-based Prospect Medical Holdings has inked deals to sell its seven hospitals in Connecticut and Pennsylvania. 

Signify to acquire Caravan for $250M

Dallas, Texas-based Signify Health, a value-based healthcare platform, agreed to acquire Kansas City, Mo.-based Caravan Health for $250 million.

Prospect to sell Crozer to ChristianaCare

Newark, Del.-based ChristianaCare plans to acquire Springfield, Pa.-based Crozer Health from Los Angeles-based Prospect Medical Holdings after signing a letter of intent.

Nonprofit Northern California hospitals to discuss affiliation

Fresno, Calif.-based Saint Agnes Medical Center and Madera (Calif.) Community Hospital have signed a nonbinding letter of intent to explore a potential affiliation, the Fresno Bee reported Feb. 9.

Yale New Haven Health to acquire 2 Connecticut health systems

Yale New Haven (Conn.) Health System agreed Feb. 10 to acquire two Connecticut health systems from Los Angeles-based Prospect Medical Holdings.