Trinity Health Mid-Atlantic abandoned its plan to acquire Tower Health's Chestnut Hill Hospital in January 2022, part of a broader trend where over 29 hospital mergers, acquisitions, and partnerships were called off in recent years. Notable cancellations include Community Health Systems' $120 million sale of Commonwealth Health and Novant Health's $320 million acquisition of two hospitals, both facing regulatory hurdles. Other significant deals, such as the merger between Presbyterian Healthcare Services and UnityPoint Health, were also terminated after extensive negotiations.
Medical Properties Trust Inc. is seeking to take control of three Southern California healthcare entities after alleging that Prospect Medical Holdings has defaulted on its debt. MPT has requested the resignation of the current board members to appoint independent managers and has warned of potential foreclosure on the properties if the default is not resolved.
Nuvance Health and Northwell Health are seeking state approval for a merger aimed at addressing Nuvance's $99 million deficit and enhancing healthcare services in Western Connecticut. Northwell plans to invest $1 billion over five years, promising to maintain critical services and engage with the community. Public support for the merger has been expressed, particularly regarding commitments to preserve labor and delivery services at Sharon Hospital.
This week saw significant healthcare deals, including VitalHub's acquisition of Strata Health for approximately $23.3 million, aimed at expanding into the electronic referral market. Private equity firm Francisco Partners plans to acquire AdvancedMD for $1.12 billion, while CareTrust REIT is set to purchase 31 nursing homes for $500 million. Additionally, Black River Memorial Hospital and Krohn Clinic in Wisconsin have agreed to merge, forming Black River Health, with the deal expected to close on December 30.
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