transactions
Kentucky River Medical Center has been acquired by Quorum Health
November 4, 2021
Transaction Involving: Investor-owned
Transaction Type: Asset Purchase
Assignment: Sell-Side
National Health Investors (NYSE: NHI), a publicly traded Real Estate Investment Trust (REIT) has divested Kentucky River Medical Center in Jackson, KY to Quorum Health. This was NHI’s sole acute care hospital, and the transaction reflects a portfolio management strategy to focus on core business operations. We advised National Health Investors, Inc. on this transaction.
Achieving superior results for community institutions
Our ExperienceJefferson Health has purchased interest in Health Partners Plan from Temple University
November 1, 2021
Transaction Involving: Academic
Transaction Type: Purchased Interest
Assignment: Sell-Side
Temple University in Philadelphia has divested its 50% ownership stake in Health Partners Plans (HPP) to Jefferson Health. HPP is a non-profit hospital-owned Medicare and Medicaid Health Maintenance Organization (HMO) covering 290,000 lives in Eastern-Pennsylvania. The transaction was valued at $305 million. We advised Temple University on this transaction.
Achieving superior results for community institutions
Our ExperienceMonterey County’s Natividad Medical Center explores strategic growth opportunities
July 1, 2021
Transaction Involving: Local Government Non-profit 501(c)3
Transaction Type: Strategic Advisory
Assignment: Advisory
Monterey County’s Natividad Medical center explores strategic growth opportunities in an aim to bridge health inequity. We advised both Natividad and the County on this project.
Achieving superior results for community institutions
Our ExperienceIllinois Valley Community Hospital has joined St. Margaret’s Health
January 4, 2021
Transaction Involving: Faith-Based Non-profit 501(c)3
Transaction Type: Member Substitution
Assignment: Sell-Side
Illinois Valley Community Hospital has joined St. Margaret’s Health, a member of SMP Health System. We advised Illinois Valley on this transaction.
Achieving superior results for community institutions
Our ExperienceBeaumont Health announced acquisition of Summa Health
September 1, 2020
Transaction Involving: Non-profit 501(c)3
Transaction Type: Advisory
Assignment: Buy-Side
Beaumont Health announced the acquisition of Summa Health but did not close. We advised Beaumont Health on this transaction.
Achieving superior results for community institutions
Our ExperienceJ.C. Blair Health System has joined Penn Highlands Healthcare
June 14, 2019
Transaction Involving: Non-profit 501(c)3
Transaction Type: Member Substitution
Assignment: Sell-Side
The Huntingdon, PA-based J.C. Blair Health System has officially joined Penn Highlands Healthcare. J.C. Blair Memorial Hospital, a 71-bed, non-profit community hospital, is now known as Penn Highlands Huntingdon, making it the fifth hospital in the Penn Highlands Healthcare system. We advised J.C. Blair Health System on this transaction.
Achieving superior results for community institutions
Our ExperienceSanta Clara County has acquired three facilities from Verity Health
March 1, 2019
Transaction Involving: Investor-owned Local Government
Transaction Type: Asset Purchase
Assignment: Buy-Side
St. Louise Regional Hospital, O’Connor Hospital and DePaul Health Center joined Santa Clara County’s public healthcare delivery system after Verity Health filed for Chapter 11 protection. We advised Santa Clara County on this transaction.
Achieving superior results for community institutions
Our ExperienceOhio Valley Hospital has joined Heritage Valley Health System
January 11, 2019
Transaction Involving: Investor-owned Non-profit 501(c)3
Transaction Type: Member Substitution
Assignment: Buy-Side
Ohio Valley Hospital has joined Heritage Valley Health System. We advised Heritage Valley Health System on this transaction.
Achieving superior results for community institutions
Our ExperienceIndian River Medical Center has joined the Cleveland Clinic
October 12, 2018
Transaction Involving: Academic Local Government Non-profit 501(c)3
Transaction Type: Lease Member Substitution
Assignment: Sell-Side
Indian River Medical Center has joined the Cleveland Clinic. The Cleveland Clinic has entered into a long-term lease agreement with Indian River County and a membership substitution transaction with Indian River Medical Center. We advised Indian River Medical Center on this transaction.
Achieving superior results for community institutions
Our ExperienceFremont Health has joined Nebraska Methodist Health System
October 10, 2018
Transaction Involving: Faith-Based Non-profit 501(c)3
Transaction Type: Lease Member Substitution
Assignment: Sell-Side
The Dodge County (Neb.) Board of Supervisors, Fremont Health Board of Trustees and Nebraska Methodist Health System Board of Directors approved a strategic partnership between Fremont Health and Methodist. The newly created subsidiary of Methodist, Methodist Fremont Health, will lease Fremont health facilities, including Fremont Health Medical Center, from Dodge County. We advised Fremont Health on this transaction.
Achieving superior results for community institutions
Our ExperienceOur Lady of Fatima Villa has been acquired by CareTrust REIT and Kalesta Health Care
September 24, 2018
Transaction Involving: Faith-Based Investor-owned
Transaction Type: Asset Purchase
Assignment: Sell-Side
Our Lady of Fatima Villa has been acquired by CareTrust REIT which will lease the healthcare facility to affiliates of, Kalesta Healthcare. We advised Our Lady of Fatima Villa on this transaction.
Achieving superior results for community institutions
Our ExperienceEllwood City Hospital has been acquired by Americore Health LLC
October 30, 2017
Transaction Involving: Investor-owned Non-profit 501(c)3
Transaction Type: Asset Purchase
Assignment: Sell-Side
Ellwood City Hospital has been acquired by Americore Health LLC. We advised Ellwood City Hospital on this transaction.