Welcome back to Signed and Scrubbed, a monthly roundup of hospital deals, developments, and bankruptcies.
This month, UnitedHealth Group officially acquired home health company Amedisys, while Franklin, Tennessee-based health system Community Health Systems (CHS) sold off more hospitals after selling or looking to sell nearly 40 hospitals in the last five years.
We pulled together a list of provider transactions from August. Here’s the rundown.
Baptist Memorial Health Care. On Aug. 20, Memphis, Tennessee-based Baptist Memorial Health Care signed a definitive agreement to purchase 96-bed OCH Regional Medical Center in Starkville, Mississippi, from the Oktibbeha County Board of Supervisors for $55 million. The sale would mark Baptist Memorial’s 25th hospital.
Community Health Systems. CHS signed a letter of intent on Aug. 6 to sell three of its for-profit Pennsylvania hospitals valued at $120 million to nonprofit Tenor Health Foundation, which helps distressed hospitals. CHS seems to be on a selling streak, announcing the sale, or shedding, of 39 hospitals since 2020, Becker’s reported.
Insight Health System. Based in Flint, Michigan, Insight has walked away from a proposed deal with Hollister, California-based Hazel Hawkins Memorial Hospital on Aug. 13 due to “unprecedented uncertainty stemming from the recently signed One Big Beautiful Bill Act,” the system said in a statement.
St. Luke’s Des Peres Hospital. The 143-bed St. Luke’s Des Peres Hospital in St. Louis, Missouri, closed on Aug. 1 due to “pressures, making continued operation as an acute care facility no longer sustainable,” Becker’s reported. The facility had treated patients in the area for more than 50 years.
UnitedHealth Group. Health giant UnitedHealth Group officially completed its acquisition of home care provider Amedisys on Aug. 14. The $3.3 billion deal faced a Department of Justice probe, and the two companies had to sell assets (164 home health and hospice facilities in 19 states) for the deal to go through.
Navigate the healthcare industry
Healthcare Brew covers pharmaceutical developments, health startups, the latest tech, and how it impacts hospitals and providers to keep administrators and providers informed.