Category: Hospital Transactions and Valuation

Consumer advocates warn against Yale New Haven’s proposed merger

Consumer advocates and public health analysts are speaking out against the Yale New Haven (Conn.) deal to buy two Connecticut health systems from Los Angeles-based Prospect Medical Holdings, NPR affiliate Connecticut Public Radio reported Feb. 20.

Hospital M&A: 6 recent deals

Six deals involving health systems and hospitals have been announced, finalized or called off in the last two weeks:

CHS shed 30 hospitals in 3 years

Franklin, Tenn.-based Community Health Systems has divested 30 hospitals since 2019. Those hospitals, spread across 12 states, had 4,815 beds, according to a Feb. 17 filing with the Securities and Exchange Commision. 

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.