Hospital M&A update: 9 recent deals
15 Jan 2021
Acquisition
Nine transactions involving hospitals and health systems were announced, finalized or advanced in the last week:
1. Ascension to sell 7 Wisconsin hospitals, 21 clinics to Aspirus
Ascension Wisconsin plans to sell seven hospitals, 21 physician clinics and its patient transport services to Wausau, Wis.-based Aspirus Health.
2. SSM Health to sell 100-year-old Missouri hospital
St. Louis-based SSM Health signed a definitive agreement to sell its 100-year-old Missouri hospital to Kansas City, Mo.-based Noble Health.
3. UPMC's acquisition of Ireland hospital approved
Pittsburgh-based UPMC won approval to acquire a 105-year-old hospital in Kilkenny, Ireland.
4. MaineHealth adds Brunswick hospital
Portland-based MaineHealth added a ninth hospital to its network this month, according to a disclosure notice published Jan. 13.
5. Tenet aims to acquire up to 40 surgery centers this year
Tenet Healthcare, a 65-hospital system based in Dallas, plans to acquire 25 to 40 ambulatory surgery centers this year, according to the company's presentation Jan. 12 at the J.P. Morgan Healthcare Conference.
6. CommonSpirit to sell 14 hospitals to Essentia Health
Fourteen hospitals owned by Chicago-based CommonSpirit Health could join Duluth, Minn.-based Essentia Health as early as this summer.
7. Illinois hospitals merge, get new names
St. Margaret's Hospital in Spring Valley, Ill., and Illinois Valley Community Hospital in Peru have consolidated their operations to form a regional healthcare network.
8. Froedtert to acquire majority stake in Wisconsin hospital
Wauwatosa, Wis.-based Froedtert Health plans to acquire a majority stake in Manitowoc, Wis.-based Holy Family Memorial.
9. Rochester Regional, St. Lawrence Health System finalize partnership
Rochester (N.Y.) Regional Health, a five-hospital system, and St. Lawrence Health System, a three-hospital system in Potsdam, N.Y., have finalized an affiliation agreement.
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