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Hospital M&A update: 10 deals involving Quorum, Intermountain, HCA + more
Ten transactions involving hospitals and health systems have been announced, finalized or advanced since Sept. 1: -
Quorum to sell North Carolina hospital
Brentwood, Tenn.-based Quorum Health plans to sell its 49-bed hospital in Williamston, N.C., to Dallas-based Affinity Health Partners, a Quorum spokesperson confirmed to Becker's Hospital Review on Sept. 16. -
Intermountain, SCL Health to merge into 33-hospital system
Salt Lake City-based Intermountain Healthcare and Broomfield, Colo.-based SCL Health have signed a letter of intent to merge, the organizations announced Sept. 16. -
Susquehanna Health rejected partnership talks with Geisinger before joining UPMC, court filing reveals
Before Susquehanna Health joined Pittsburgh-based UPMC in 2016, it shut down partnership discussions with Danville, Pa.-based Geisinger, according to court filings cited by the Patriot-News. -
KKR, Cornerstone to acquire $1B+ in healthcare real estate
Private equity firm KKR and real estate investor Cornerstone Companies will establish a joint venture to acquire and develop a portfolio of healthcare properties, the companies said Sept. 15. -
6 transactions involving HCA Healthcare
Nashville, Tenn.-based HCA Healthcare has entered into or completed several acquisition and divestiture agreements since May 1. -
MaineHealth, St. Mary's expand clinical affiliation
Portland-based MaineHealth expanded its clinical affiliation with Lewiston, Maine-based St. Mary's Health System. -
Biden nominates privacy champion Alvaro Bedoya to FTC
President Joe Biden will nominate privacy expert Alvaro Bedoya to serve as a commissioner of the Federal Trade Commission, the White House announced Sept. 13. -
HCA to shed 47 home health, hospice, therapy locations
In a deal announced Sept. 8, Nashville, Tenn.-based HCA Healthcare plans to sell off 47 home health locations, hospices and therapy agencies across 22 states to Lafayette, La.-based LHC Group. -
University Health board approves plan to join Piedmont
Augusta, Ga.-based University Health Care System's board approved its plan to join Atlanta-based Piedmont Healthcare this week, The Augusta Chronicle reported Sept. 9. -
Top Strategies for Consistent Revenue During COVID Claim Volume Fluctuations
Many healthcare systems are seeing another rise in COVID cases. Further fine-tuning of your claims cycle can mitigate the effects of erratic claims volumes on revenue during the pandemic. -
NorthShore, Edward-Elmhurst to merge into 9-hospital system
Evanston, Ill.-based NorthShore University HealthSystem and Naperville, Ill.-based Edward-Elmhurst Health plan to merge under a new parent organization, the systems said Sept. 8. -
Hospital M&A update: 9 deals involving HCA, Beaumont, Piedmont + more
Nine transactions involving hospitals and health systems have been announced, finalized or advanced in the last month: -
Piedmont, University Hospital near final deal, CEO says
University Health Care System in Augusta, Ga., is closing in on a definitive agreement to join Piedmont Healthcare in Atlanta, University Health CEO Jim Davis said, The Augusta Chronicle reported Sept. 2. -
Beaumont, Spectrum ink formal integration agreement to create 22-hospital system
A proposed merger between two Michigan health systems — Beaumont Health and Spectrum Health — took a step forward this week as the two organizations signed a formal integration agreement. -
Baptist Health, Deaconess join forces to operate 410-bed Kentucky hospital
Louisville, Ky.-based Baptist Health and Evansville, Ind.-based Deaconess Health System officially joined forces Sept. 1 to operate a rural Kentucky hospital, according to The Dawson Springs Progress. -
HCA buys Tennessee hospital
Nashville, Tenn.-based HCA Healthcare completed its purchase of Springfield, Tenn.-based NorthCrest Health, according to a Sept. 1 news release. -
Ascension, Central Michigan University strike 25-year education, training partnership
Ascension Michigan and Central Michigan University's medical school signed a 25-year education and training agreement, according to MLive.com. -
Infrastructure investor to acquire stake in 8 Massachusetts hospitals
Medical Properties Trust agreed to sell a 50 percent stake in a portfolio of eight Massachusetts hospitals to an infrastructure investment fund managed by Macquarie Asset Management. -
Piedmont's service area covers 85% of Georgia residents after 4-hospital buy: Moody's
After a recent acquisition of four Georgia acute care hospitals from HCA Healthcare, Atlanta-based Piedmont Healthcare now has the ability to serve about 85 percent of Georgia residents, according to a new credit rating action from Moody's Investors Services.
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