Intermountain Medical Imaging Purchases Saltzer Health Imaging
Intermountain Medical Imaging announced on April 1 that it is acquiring Saltzer Health Imaging from Saltzer Health. Saltzer Health Imaging is an imaging center located in the Ten Mile Clinic and near I-84 in Meridian, Idaho. This news comes the same week Saltzer Health announced the sale of three facilities to Boise, Idaho-based Saint Alphonsus Health System after the group was closed March 29 by Salt Lake City-based Intermountain Health. Those facilities included two urgent care centers in South Nampa and Meridian, Idaho, and an ambulatory surgery center in Meridian, Idaho. Intermountain Medical Imaging is a comprehensive outpatient radiology imaging center with three locations in the... Read More »
Kaiser Permanente Buys ASC in Lancaster, California
Oakland, California-based Kaiser Permanente announced that it has acquired its first ambulatory surgery center (ASC) in southern California. The ASC, Antelope Valley Surgery Center, is a multispecialty outpatient center in Lancaster, California. The 12,500-square-foot ASC provides services including general surgery, gynecological cases, eye surgery, head and neck, podiatry, orthopedic and plastic surgery. It was originally opened more than 20 years ago and was most recently operated by SCA Health. Kaiser Permanente is among the country’s largest not-for-profit health systems with 39 hospitals. Its operations span eight states coast to coast with roughly 13 million members who receive care... Read More »
Top M&A Trends in the 2023 Hospital Market
Introduction & The Numbers The Hospital sector saw a great deal of flux in 2023. Despite numerous macroeconomic and regulatory headwinds, year-over-year deal activity increased by approximately 10%, hitting 75 deals. For context, before COVID-19 rattled the industry, there were 96 hospital acquisitions and mergers in 2019. The market is on the rebound, but we’re still short of pre-pandemic levels. Deal volume only tells part of the story, however. A year with 75 health system mergers is very different than 75 acquisitions of single-facility organizations in distress, for example. There was still a mix of large and small mergers, but the M&A market is becoming more top-heavy. “We’re... Read More »
Top 5 Hospital Deals of 2023
The Hospital M&A market experienced an uptick in activity in 2023, with preliminary numbers at 71 deals, compared with 68 in 2022. There was a wide range of deals, from bankruptcy sales of single community hospitals to mergers of multi-state health systems. Here are the top five Hospital deals of 2023. Novant Health System, a not-for-profit integrated system based in North Carolina, purchased three hospitals in South Carolina from Tenet Healthcare Corporation for $2.4 billion. The transaction includes Hilton Head Hospital in Beaufort County, Coastal Carolina Hospital in Jasper County, and East Cooper Medical Center in Charleston County, as well as associated physician practices and... Read More »
American Hospital Association’s Advancing Health: A National Staffing Emergency in Rural Health Care
The American Hospital Association released an episode of their podcast, “Advancing Health” entitled A National Staffing Emergency in Rural Health Care. The conversation is led by Kevin Stansbury, CEO of Lincoln Health, Debra Rudquist, president of Amery Hospital and Karen Cheeseman, CEO of Mackinac Straits Health System. They discuss innovative methods of retaining their workforce and explore new ways of attracting future workers to the health care field. The reasons for the work shortage are: Intense competition for healthcare professionals, with works opting for other location options outside of health care Rise in remote work making retention of rural... Read More »Schedule a demo
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