May Day! Hospital Mega-Mergers Ahead

Hospital mergers and acquisitions were relatively quiet in Q1:17. But on May 1, five deals were announced.

HCA Exits, SSM Health Enters OU Medical System

One for-profit company relinquishes ownership, and one not-for-profit takes over. That’s what happened on October 16, when HCA (NYSE: HCA) announced it was selling its ownership in the hospital operations of Oklahoma University Medical Center (688 beds) in Oklahoma City, and OU Medical Center Edmond.

Six Forest Park Medical Centers All Sold

The lawsuits may go on, but the facilities that once belonged to the physician-owned chain of six hospitals In Texas are now in new hands. Each filed for Chapter 11 bankruptcy protection at different times, beginning in September 2015, and were sold in separate auctions. On February 18, Sabra Health Care REIT (NASDAQ: SBRA) unloaded Forest […]