Community Health Systems Announces $450 Million Divestment 

Community Health Systems Announces $450 Million Divestment 

In the latest divestment from Community Health Systems, it has sold Crestwood Medical Center in Alabama for $450 million to Huntsville Hospital Health System.  Community Health System has been shedding hospitals for years to balance its portfolio and generate $1 billion in proceeds. In 2024, the publicly traded system sold four facilities, including Tennova Healthcare-Clarksville in Tennessee, which was purchased by Vanderbilt University Medical Center for $750 million.  Based in Huntsville, Alabama, Crestwood Medical Center offers a wide range of medical services to the Huntsville community and the surrounding region. For the 12 months ended June 30, 2024, it generated... Read More »

Trinity Health Corporation Linked to St Francis Hospital Merger or Acquisition in LevinPro Database

Trinity Health Corporation has been linked to a hospital merger or acquisition in the LevinPro M&A deal database. The organization is affiliated with St Francis Hospital Inc, a not-for-profit hospital which is situated at 701 N Clayton St in Wilmington, Delaware. It was incorporated on February 23, 1923. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving St Francis Hospital Inc in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the hospital sector throughout its history. To see the underlying deal... Read More »

Maimonides Health and NYC Health Merger Pushes Ahead

One of the largest municipal health systems in the United States is moving ahead, officials in New York City announced on December 29. Maimonides Health, a Brooklyn-based health system with three hospitals and more than 80 outpatient sites, is joining NYC Health + Hospitals. The merger is supported by a $2.2 billion grant from New York Governor Hochul and public support from the current New York Mayor Adams. According to its most recent consolidated financial audit, Maimonides Health generated $1.6 billion in net patient services revenue. But according to local reporting, the health system has struggled financially for years. It has lost approximately $45 million in the first three... Read More »

Deal of the Week: MedStar Health Acquires Hope for Henry

In LevinPro HC’s Deal of the Week, MedStar Health, one of the largest health systems in the mid-Atlantic, acquired a national non-profit organization focused on patient experience and engagement. The non-profit, Hope for Henry Foundation, uses behavioral economics to motivate step-by-step adherence, reduce anxiety, and improve clinical and operational outcomes for pediatric patients. According to the organization’s website, it has partnered with more than 40 hospitals and has assisted more than 150,000 pediatric patients. The deal is a full-circle moment, since Hope for Henry was founded at MedStar Georgetown University Hospital in 2003. MedStar Health is the largest healthcare... Read More »

Hospital Mega-Deals Fall to Just 15% in 2025

Our latest Stat of the Month highlights a significant shift in Hospital M&A, and what it signals for investors and strategics heading into 2026. According to transaction activity we captured in our LevinPro HC database, only 15% of all Hospital transactions in the first nine months of 2025 had target revenue exceeding $500 million. That’s compared to 31% in the same period in 2024, a significant swing in the type of Hospital deals we’re seeing in the market. In 2024, health systems were focused on generating scale, exemplified by mergers from organizations like Lehigh Valley Health Network and Jefferson Health, which created a network of more than 30 hospitals. This year, however,... Read More »

A Roundup of LOI Announcements in the Hospital Market

Hospital deals can take a while, and even then, they might not reach the finish line, whether due to regulatory pushback, disagreement over merger terms, or even accusations of misconduct. It’s one of the reasons you might not see a Hospital announcement in our LevinPro HC database; we wait until merger talks are settled and the deal is complete. But we still track Letter of Intent (LOI) announcements, the first step in a Hospital merger. Here is a roundup of some recent ones that are on our radar. CommonSpirit Health and University of Pittsburgh Medical Center CommonSpirit Health and the University of Pittsburgh Medical Center (UPMC) have signed a non-binding LOI that could result... Read More »