Hospital M&A update: 5 recent deals

Five transactions involving hospitals and health systems were announced, finalized or advanced since Oct. 23:

1. Penn State Health acquires hospital from Geisinger
Geisinger completed the sale of Holy Spirit Health System in Camp Hill, Pa., to Penn State Health Nov. 1.

2. Miami hospital acquired by Keralty
Westchester General Hospital, a physician-owned hospital in Miami, was acquired by healthcare management firm Keralty Health Enterprise, the company said Oct. 29. 

3. CHS sells 2 Texas hospitals
Franklin, Tenn.-based Community Health Systems completed the sale of two hospitals in Texas Oct. 27. CHS sold the 231-bed Abilene Regional Medical Center and the 188-bed Brownwood Regional Medical Center to Abilene-based Hendrick Health System.

4. Intermountain, Sanford to merge into 70-hospital system
Salt Lake City-based Intermountain Healthcare and Sioux Falls, S.D.-based Sanford Health have signed a letter of intent to merge. 

5. CHS sells San Angelo Community Medical Center
Franklin, Tenn.-based Community Health Systems announced Oct. 23 that it has completed the divestiture of San Angelo (Texas) Community Medical Center.

More articles on healthcare industry transactions: 
Washington hospital votes to split from Virginia Mason
Intermountain + Sanford: 5 things to know about the $15B merger
Hospitals may target more outpatient sites for acquisition after the pandemic, Moody’s says


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