Hospital M&A in 2015

It’s been a busy year for mergers and acquisitions in the Hospital sector, and it’s not over yet. Our preliminary figures show 101 transactions with a combined deal value of $8.7 billion. At least two announced transactions have been terminated, and there are still a few to track down, so those numbers will change. Of those 101 deals, 89 acquirers were other hospitals or health systems. One was a behavioral health company, Sovereign Health Group, which runs residential treatment centers for mental health and substance abuse patients through its affiliate, Ashland Properties LLC. Private equity firms made six acquisitions, and REITs made five. The largest of those REIT... Read More »

Q2:15 Hospital M&A Stayed Active

Hospital mergers and acquisitions didn’t flag in the second quarter of 2015, with at least 23 “definitive agreements” signed. That’s equal to the 23 recorded in the first quarter of the year. (We wait until hospital transactions get that far in the process, because so many fall apart after they sign a letter of intent.) Ventas Inc.’s (NYSE: VTR) $1.75 billion acquisition of Ardent Health Services was the biggest deal of the quarter, followed by Ventas’ expected spin-off of Ardent’s hospital operations to Equity Group Investments, LLC for $475 million. Watch for The Health Care M&A Report, Second Quarter 2015 to be published next week. Read More »