Grand Junction, Colo.-based Mind Springs Health has signed a management agreement with South Miami, Fla.-based Larkin Health System.

Community Health Systems President and CFO Kevin Hammons said the Franklin, Tenn.-based  system could be looking at acquisition opportunities in the future as it nears its $1 billion divestiture goal. 

Greenville, S.C.-based Prisma Health expects its acquisition of Maryville, Tenn.-based Blount Memorial Hospital to close Dec. 1 after receiving approval from the Blount County Commission. 

Sioux Falls, S.D.-based Sanford Health is acquiring Black Hills Surgical Hospital in Rapid City, a physician-owned surgical hospital.

Bethlehem, Pa.-based St. Luke's University Health Network's planned acquisition of Grand View Health in Sellersville, Pa., is underway.

Prospect Medical Holdings, a for-profit health system headquartered in Los Angeles, plans to sell 10 of its 16 hospitals amid financial challenges and an ongoing investigation by the Justice Department.

November started with a flurry of hospital mergers and acquisitions.

From CHS striking a deal to sell another hospital to General Catalyst signing a definitive agreement with Summa Health, here are 11 hospital M&A moves reported by Becker's since Nov. 1: 

Franklin, Tenn.-based Community Health Systems has completed or lined up multiple hospital sales this year as part of its divestiture plan, which aims to take in about $1 billion this year after offloading hospitals across various markets. 

More details have emerged regarding Evansville, Ind.-based Deaconess Health System's plan to acquire Hopkinsville, Ky.-based Jennie Stuart Health.

Franklin, Tenn.-based Community Health Systems continues to make progress on its $1 billion divestiture plan and aims to sell Merit Health Biloxi (Miss.), a 153-bed acute care hospital, to Gulfport, Miss.-based Memorial Health System. 

Alhambra, Calif.-based Astrana Health has entered into a $745 million definitive agreement to acquire certain assets and businesses from Los Angeles-based Prospect Health System.

The third quarter of 2024 saw a significant increase in hospital and health system mergers and acquisitions compared to the previous quarter as well as the third quarter of 2023, according to an Oct. 31 report published by Cain Brothers, a division of KeyBanc Capital Markets.

Akron, Ohio-based Summa Health has reached a $485 million definitive agreement to join Health Assurance Transformation Corp., according to a Nov. 7 news release. 

California Attorney General Rob Bonta has conditionally approved a pediatric hospital merger under which Children's HealthCare of California, the parent company of Children's Hospital of Orange County and CHOC at Mission Hospital, and Rady Children's Hospital and Health Center, the parent company of Rady Children's Hospital–San Diego, will form a single parent entity called Rady Children's Health. 

The 30-year lease purchase agreement between Desert Healthcare District and Dallas-based Tenet Healthcare for Palm Springs, Calif.-based Desert Regional Medical Center was approved by voters Nov. 5. 

Hospital consolidation is accelerating as health systems navigate rising costs, staffing challenges and the need for scale to stay competitive . 

In today's rapidly evolving healthcare landscape, medical practices face significant challenges in managing the complexities of billing and coding. The increasing scrutiny from regulatory bodies has made the risk of audits a constant concern. However, the emergence of advanced analytics, including predictive analytics, artificial intelligence (AI), and machine learning, is revolutionizing how healthcare providers can anticipate and prepare for these audits.

As the healthcare industry continues to see changes and competitive pressures, many health systems are branching out past their local markets to increase care delivery and provide sustainable growth through cross-market mergers. 

Flint, Mich.-based Insight Health System has officially taken over Trumbull Regional Medical Center and Hillside Rehabilitation hospital, both in Warren, Ohio, from Dallas-based Steward Health Care, a Nov. 4 Insight news release shared with Becker's said.