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Busy January kicks off 2023 M&A activity: 13 transactions to note
Here are 13 major hospital and healthcare merger and acquisition deals from January: -
Minnesota nurses push hospital merger oversight bill
The Minnesota Nurses Association is encouraging legislators to pass a bill which would give the state's health department power to approve or deny hospital mergers based on how they can affect patients and communities. -
Florida health systems to combine
St. Augustine, Fla.-based Flagler Health+ plans to join UF Health, the University of Florida's academic health center, in 2023. -
Tower Health to sell 17 urgent care centers
West Reading, Pa.-based Tower Health hopes to cement a deal to sell 17 of its urgent care centers in the coming months, the Philadelphia Business Journal reported Feb. 1 -
CommonSpirit buys stake in Arabian hospital group
Dignity Health International, the international arm of Chicago-based CommonSpirit Health, has acquired a minority equity stake in RAK Hospital, one of the United Arab Emirates' most acclaimed private hospitals, according to the Khaleej Times. -
Medical students: Sanford-Fairview merger would reduce U of Minnesota's 'academic integrity'
Medical students, state representatives and a nurses union spoke out against a proposed merger between Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health Services at a Jan. 30 Minnesota House meeting. -
'We've achieved our goal': Missouri health system to join Mercy
Cape Girardeau, Mo.-based SoutheastHealth has signed a letter of intent to merge with St. Louis-based Mercy, a 42-hospital system. -
CarePoint sale could be on the cards after department of health backs nonprofit status
The New Jersey Department of Health is backing CarePoint Health's plan to maintain the nonprofit status of its three hospitals, indicating that the state health planning board may follow suit when it hears the case on Feb. 3, according to nj.com. -
North Carolina Senate bill looks to increase hospital M&A oversight
The North Carolina Senate is considering legislation requiring health systems to submit merger and acquisition proposals for review by the state's attorney general, the Winston-Salem Journal reported Jan. 30. -
32 recent hospital sales
After a slight uptick last year, hospital and health system mergers and acquisitions are expected to continue to rise in 2023. -
Sanford-Fairview asked to delay merger by Minnesota attorney general
Minnesota Attorney General Keith Ellison has asked Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health System to slow down their proposed merger, the Star Tribune reported Jan. 25. -
California hospital aims for merger after CEO, CFO resign
El Centro (Calif.) Regional Medical Center is looking to a merger to stay afloat after its acting CEO and CFO resigned, the Imperial Valley Press reported Jan. 25. -
UCHealth, Parkview agree on deal to combine
Aurora, Colo.-based UCHealth and Parkview Health System on Jan. 24 signed an agreement to merge in mid-2023. -
VA acquires shuttered Oklahoma hospital
The U.S. Department of Veterans Affairs is in the process of acquiring the closed Norman (Okla.) Specialty Hospital for nearly $3.3 million, with plans of turning the building into a new VA hospital, The Norman Transcript reported Jan. 24. -
ScionHealth acquisition adds 15 specialty hospitals
Louisville, Ky.-based ScionHealth has completed the acquisition of Dallas-based Cornerstone Healthcare Group, adding 15 specialty hospitals, eight senior living locations and about 3,000 providers to its network. -
Yale New Haven Health's planned 3-hospital acquisition 'critical' to growth, CEO says
Despite hospital consolidation concerns, "growth is critical" to the success of Yale New Haven Health, and its planned 3-hospital acquisition will benefit patients in the state, CEO Christopher O'Connor told the Hartford Courant. -
CHS to sell its last hospital in West Virginia
Franklin, Tenn.-based Community Health Systems has agreed to sell Plateau Medical Center in Oak Hill, W.Va. to Vandalia Health System, according to the Register-Herald. -
M&A, strategic partnerships will lead to obtaining greater talent, innovation
Almost half of the more than 400 executives surveyed in a recent Mercer report on workplace trends said they will be looking at strategic partnerships as a way of harnessing talent in a challenging macro environment. -
Viewpoint: Antitrust strategies could rein in healthcare costs
When there's less competition, prices are higher. That's one fundamental principle of economics that applies to all markets, and this is especially true in healthcare, where American hospitals are the driver of the rising cost of care, Barak Richman, PhD, professor of law and business administration at Durham, N.C.-based Duke University, wrote in a Jan. 19 column for Politico. -
M&A momentum to continue in 2023 as providers seek strategic partnerships: KaufmanHall
Financial and clinical challenges will ensure merger and acquisition activity remains strong in the healthcare sector in 2023, building on the momentum of last year, Kaufman Hall said in a Jan. 12 report.
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