Health care M&A is booming this year, even more than last, and it’s reaching into hamlets and valleys all across the nation. One such place: Salinas, California, from which three transactions have originated in the past two months. Of course it’s not Chicago or New York City, and that’s the point. The last time we recorded a deal for a health care company in Salinas was 2006.
Here are the deals that have percolated up in the Salinas Valley:
- WorkWell Medical Group LLC, a network of five urgent care clinics, was acquired by Salt Creek Capital of Menlo Park, California
- Salinas Valley PrimeCare Medical Group, a 20-physician primary/specialty medical group, was acquired by Salinas Valley Memorial Healthcare System
- Alliance Home Health, a not-for-profit home health care agency serving communities in several adjacent counties, became part of not-for-profit Sutter Care at Home, part of Sutter Health
Financial terms were not disclosed in any of the transactions.
