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Hospital M&A update: 10 recent deals

Ten transactions involving hospitals and health systems announced, finalized or advanced since April 14:

1. California hospital joins Adventist Health
Fort Bragg, Calif.-based Mendocino Coast District Hospital has joined Roseville, Calif.-based Adventist Health. Under the deal, the district hospital was renamed Adventist Health Mendocino Coast.

2. HCA acquires 2 Florida hospitals
Nashville, Tenn.-based HCA Healthcare has acquired two Florida hospitals from Franklin, Tenn.-based Community Health Systems.

3. WVU Health to operate 58-bed hospital
West Virginia University Health System, an 11-hospital system based in Morgantown, has received a certificate of need from the state and signed a long-term lease to assume operation of Wetzel County Hospital in New Martinsville, W.Va.

4. CHS to divest 3 hospitals in Texas, Florida
Franklin, Tenn.-based Community Health Systems announced April 27 that it has signed definitive agreements to sell two hospitals in Texas and to divest its stake in a Florida hospital. 

5. Quorum to sell Illinois hospital
Brentwood, Tenn.-based Quorum Health, which operates 23 U.S. hospitals, is selling its hospital in Galesburg, Ill.

6. Verity continues hospital divestiture spree with $40M deal
A bankruptcy judge has signed off on AHMC Healthcare's $40 million offer to buy two California hospitals from Verity Health.

7. CHS to sell Texas hospital
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell San Angelo (Texas) Community Medical Center. 

8. Billionaire Dr. Patrick Soon-Shiong buys California hospital for $135M
Patrick Soon-Shiong, MD, the billionaire owner of the Los Angeles Times, has purchased a Los Angeles hospital out of bankruptcy for $135 million. 

9. Advocate Aurora Health to sell 2 Illinois hospitals for $190M
The Carle Foundation in Urbana, Ill., will pay about $190 million to acquire two hospitals from Advocate Aurora Health, a 28-hospital system with headquarters in Downers Grove, Ill., and Milwaukee.

10. Owensboro Health to add 3rd hospital
Twin Lakes Regional Medical Center in Leitchfield, Ky., has signed a letter of intent to join Owensboro (Ky.) Health.

 

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