Wheaton Franciscan Joins Ascension Wisconsin

Wheaton Franciscan Joins Ascension Wisconsin

by | Mar 1, 2016 9:51 pm | Hospitals

It’s final. On March 1, 2016, Wheaton Franciscan Healthcare joined the local network of St. Louis, Missouri-based Ascension. Wheaton Fransican, sponsored by the Wheaton Franciscan Sisters and Felician Sisters, has eight hospital campuses, 330 physician medical groups, outpatient centers, transitional and long-term care facilities, home health and hospice services. It became the fourth regional system that is part of Ascension Wisconsin, joining Columbia St. Mary’s, Ministry Health Care and Affinity Health System. With this transaction, Ascension Wisconsin has 27 hospitals, 114 primary care clinics, more than 24,000 associates, including more than 1,000 physicians. This... Read More »

Kindred and Select Medical Swap LTACs

by | Feb 23, 2016 2:22 pm | Hospitals

It’s getting so you can’t tell the players without a program. On February 18, Kindred Healthcare Inc. (NYSE: KND) and Select Medical Holdings Corporation (NYSE: SEM) announced they were trading nine long-term acute care (LTAC) hospitals in various markets. Kindred got the larger part of the trade, acquiring the operations of five of Select Medical’s LTACs for a total of 233 beds. They are located in Indianapolis, Indiana; San Antonio, Texas; Houston, Texas; Denver, Colorado; and Colorado Springs, Colorado. The hospital in Houston occupies the sixth and seventh floors of the Houston Medical Center. Select Medical took on four of Kindred’s LTACs with a combined total... Read More »

Hospital M&A Keeps Pace with Medicaid Expansion

by | Feb 9, 2016 9:20 pm | Hospitals

Hospitals in states that expanded Medicaid coverage under the Affordable Care Act typically are healthier, financially, than those in states that have not expanded that coverage. What about hospital mergers and acquisitions in the expanded states, compared with those that haven’t expanded Medicaid? With only two years of data, it’s too soon to spot a trend, on the surface. Effective in April 2010, the ACA provided states the option to receive federal Medicaid matching funds to cover adults with incomes up to 133% of the Federal Poverty Level to get an early start on the 2014 Medicaid expansion. When the first open enrollment period ended in March 2014, 25 states had expanded... Read More »

Hospital M&A Revs Up in February

by | Feb 3, 2016 8:00 am | Hospitals

Two days into February 2016 and we’ve recorded four hospital transactions. Considering there were only two in all of January, this action is impressive. One was a straight real estate deal from Carter Validus Mission Critical REIT II, Inc., which paid $33.9 million for Sherman, Texas-based Heritage Park Surgical Hospital and Visionary Medical Imaging. Both facilities were built in 2005. The hospital has 57,576 square feet, and was renovated in 2010 to become a full-service surgical hospital. VMI is an 8,055 square foot facility. The deal actually closed in November 2015, but wasn’t announced until now. Larkin Community Hospital, a for-profit, 146-bed hospital in South Miami,... Read More »

2015 Health Care M&A Beats All Records

by | Jan 28, 2016 2:55 pm | Behavioral Health Care, Biotechnology, eHealth, Home Health & Hospice, Hospitals, Laboratories, MRI & Dialysis, Long-Term Care, Managed Care, Medical Devices, Other Services, Pharmaceuticals, Physician Medical Groups, Rehabilitation

It’s déjà vu all over again. 2014 was a record-breaker for health care M&A, with 1,317 transactions and spending at an astronomical $387 billion. Then 2015 came and went and, once again, we’re writing about a record-breaking number of transactions, 1,460 currently, and astronomical spending of $563 billion. Read More »