105
Hospital & health system transactions
Two home healthcare providers, Aveanna Healthcare and Maxim
Healthcare Services, have terminated their proposed acquisition agree-
ment.
Altamonte Springs, Fla.-based AdventHealth plans to sell its hospital in
San Marcos, Texas, to San Antonio-based Christus Santa Rosa.
e state won't seek to block Frisbie Memorial Hospital in Rochester,
N.H., from joining Nashville, Tenn.-based HCA Healthcare.
Cumberland-based Western Maryland Health System has merged with
Pittsburgh-based UPMC aer less than a year of negotiations.
Kennett Square, Pa.-based Genesis HealthCare, one of the largest post-
acute care providers in the U.S., has agreed to transition operations of 19
facilities to New Generation Health, a healthcare consulting firm.
Mid Coast-Parkview Health will join MaineHealth on March 1.
Livingston (Mont.) HealthCare has purchased 100 acres of land next to
its campus.
Gaithersburg, Md.-based Adventist HealthCare will take over operation
of Howard University Hospital in Washington, D.C., under a manage-
ment services agreement that begins Feb. 17.
Private equity firms KKR and GK Investment have approached NMC
Health, the largest private hospital operator in the United Arab Emir-
ates, about a buyout.
In an effort to remain afloat, Henderson, Ky.-based Methodist Health
will join Deaconess Health System in Evansville, Ind., on July 1.
Dallas-based Steward Health Care has signed a letter of intent to sell
Easton (Pa.) Hospital to a local healthcare system.
University of Toledo (Ohio) is considering a sale of its hospital aer the
facility reported more than $12 million in operating losses through the
first half of fiscal year 2020.
CarePoint wants RWJBarnabas Health to pay at least $60 million more
to buy two of its hospitals in New Jersey.
e Medical University of South Carolina in Charleston is purchasing
87 acres of land near the North Carolina border to build a hospital.
St. Louis-based Ascension has entered into a definitive agreement to sell
two Wisconsin hospitals to Marshfield (Wis.) Clinic Health System.
Board members from East Jefferson General Hospital voted to sell the
financially distressed facility in Metairie, La., to New Orleans-based
LCMC Health. n
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