Sanford Health and Fairview Health Look to Merge and Form a $14 Billion Health System
Maybe the third time’s a charm? After striking out on two potential mergers over the past three years, Sanford Health has signed a letter of intent with Fairview Health Services to combine and create a new health system. The deal is still in the negotiation phase and needs a green light from regulators, but the two organizations expect the deal to close in 2023. If Sanford Health and Fairview cross the finish line, the merger will create a wide-reaching health system in the midwest with a combined $14 billion in annual revenue. Sanford Health has 47 medical centers and more than 200 Good Samaritan Society senior care locations. With the addition of Fairview, it will gain 11 hospitals,... Read More »
MultiCare Health System Expands Reach in Washington
MultiCare Health System, a not-for-profit healthcare organization based in Washington, has acquired a new hospital in the state. The health system purchased Yakima Valley Memorial Hospital, a 226-bed hospital in Yakima, Washington, which has a population of approximately 100,000. The hospital also owns primary care practices, a cancer care center called North Star Lodge, Ohana Mammography Center, a hospice and respite care agency called Cottage in the Meadow, a pain management center, the only level-3 NICU in central Washington and Children’s Village, which provides advanced services for children with special health care needs. Yakima Valley Memorial Hospital generated $478.7 million in... Read More »
Orlando Health Acquires Acute Care Hospital in Puerto Rico
Not-For-Profit Orlando Health has announced a new deal for an acute care hospital in Puerto Rico. The Orlando, Florida-based health system is buying Sabanera Health Dorado from PRISA Group, a family-owned developer based in Puerto Rico, and Triple-S Management Corporation, a healthcare insurance company located out of San Juan. There were no terms disclosed in the transaction. Sabanera Health is a 105-bed acute care hospital that provides primary family care, emergency intensive and urgent care, vascular surgery, orthopedics, sports medicine, and medical oncology. The medical facility has a total of 104 rooms, with eight intensive care units, two neonatal intensive care units, 79... Read More »
Hartford Healthcare Acquires Urgent Care Network in Connecticut
One of the major health systems in Connecticut has expanded its urgent care network. Partnering with Go-Health Urgent Care for the deal, Hartford Healthcare has purchased Branford, Connecticut-based Stony Creek Ventures LLC and its two urgent care facilities in Branford and Orange. Go-Health Urgent Care is an on-demand consumer-centric care platform that serves as the digital and physical front door to the healthcare ecosystem. It has locations in 14 states. In 2017, Hartford Healthcare and Go-Health Urgent created a joint-venture partnership to build an urgent care network in Connecticut. The partnership has nearly two dozen locations in Connecticut now, which will grow with the addition... Read More »
“Inflation Is a Pressure Point:” HCA Healthcare Reports Decline in Q3 Earnings
HCA Healthcare, Inc. handled the storm well, all things considered. Despite market headwinds and tough labor conditions, HCA’s revenues in the third quarter of 2022 totaled $14.971 billion, compared to $15.276 billion in the third quarter of 2021, a drop of approximately 2%. For the third quarter of 2022, adjusted EBITDA totaled $2.902 billion, compared to $3.224 billion in the third quarter of 2021. “Despite a difficult comparison to the prior year due to the COVID-19 Delta variant, we are pleased with our results and the execution of our teams in a challenging operating environment, which included tremendous efforts from our courageous frontline caregivers and support teams who... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
