Smith & Nephew Gets Some Help in the OR
Medical device maker Smith & Nephew plc (NYSE: SNN) acquired two surgical software applications, Virtual BackTable® and TrayTouch®, from privately held S2 Interactive. Both of the applications are used by Syncera, Smith & Nephew’s new orthopedic supply chain model for hospitals and ambulatory surgery centers (ASCs). They allow hospital and ASC administrators to access, analyze and manage real-time data related to instrument use during surgery. Arthroplasty surgery can involve as many as 20 trays holding a total of 200 or more instruments, all of which need to be counted, cleaned, inspected, assembled and sterilized before every surgery. Read More »St. Joseph’s Finally Says Yes to Trinity Health
What began as a strategic affiliation agreement in early 2014 finally blossomed into full commitment. St. Joseph’s Hospital Health Center, a 431-bed acute care hospital in Syracuse, New York, agreed to become part of Trinity Health’s national organization. Trinity already operates in other areas of the state, through Catholic Health in Buffalo and St. Peter’s Health Partners in Albany. Next steps for its latest addition include a transition team. Read More »Nonprofit vs.For-profit Hospital M&A Trends, 2005 to 2014
We get a lot of requests for updates to a chart of our data that appeared in the New York Times in August 2013. The accompanying story was about the growing consolidation of for-profit and not-for-profit systems. This week, we oblige our readers with an update to that data. And while for-profit consolidation was all the rage in the summer of 2013, it’s the fall-out from that wave of consolidation that is driving the smaller deals in 2014 and into 2015. Read More »Ventas Buys Hospitals and Spins off SNFs
Ventas, Inc. (NYSE: VTR) had a busy week, as it paid $1.75 billion for Ardent Health Services, one of the 10 largest for-profit hospitals companies in the United States, from Welsh, Carson, Anderson & Stowe. The plan is to separate Ardent’s hospital operations from its owned real estate and sell the operations to one or more newly formed entities owned by Ardent’s current management. The same day, VTR announced plans to spin off most of its post-acute and skilled nursing facility portfolio into an independently traded REIT called SpinCo, which will own 355 high-quality, triple-net leased SNFs and other healthcare assets operated by 44 private regional and local care... Read More »Hospital Mergers Heat Up in April
Last week brought word that Boston Medical Center and Tufts Medical Center were moving ahead with merger talks and expect to have a deal by the end of this year. The parties announced they were exploring a merger last December. That news came two days after Massachusetts Attorney General Maura Healey and House Majority Leader Ron Mariano announced legislation that would give more power to the state’s Health Policy Commission in its reviews of hospital mergers and acquisitions. No such headaches exist in New Jersey, where Meridian Health Systems, which operates six hospitals, merged with financially troubled Raritan Bay Health Services Corp., a two-hospital system. Meridian is still in... Read More »Schedule a demo
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