Post the pandemic, the hospital comapnies continue to intensify focus on their M&A strategies, which added facilities and beds to their network, boosted business scale and expanded their geographical presence. The transactions were effective Aug 1, 2021. ENSG purchased Sedona Trace Health and Wellness Center in Austin, TX and Cedar Pointe Health and Wellness Center in Cedar, TX. There has been a host of activities in the space of late. In late February, Brookdale inked a deal to collaborate with HCA Healthcare for divesting its unit Brookdale Health Care Services (BHS), valued at $500 million. (May 2023) Steward Health Care is the largest physician-owned private for-profit health care network in the United States and attends to 2.2 million people during more than twelve million physician and hospital visits annually. In July, it bought a majority stake in the home health, hospice and outpatient therapy business of Brookdale Senior Living Inc. In 20, HCA Healthcare paid a total of $1.7 billion and $568 million each in acquiring hospitals and health care entities. The company’s acquisitions are expected to add scale to its business. Its growth strategies led to an increase in patient volumes, which enabled network expansion across several markets and added hospitals to its portfolio. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. HCA Healthcare is the perfect fit to cater to Utah’s rise in demand for healthcare as its network of healthcare options is expected to enrich the medical care for patients.Īcquisitions have been fueling this presently Zacks Rank #2 (Buy) company’s inorganic growth for a while now. It will be able to grow and reinvest in other regions after this divestiture. Steward Health Care is a Dallas-based company that operates 39 hospitals in the United States across Arizona, Arkansas, Florida, Louisiana, Massachusetts, Ohio, Pennsylvania, Texas and Utah.
The hospitals will be added to the hospital company’s Mountain Division that consists of 11 hospitals in Utah, Idaho and Alaska. However, terms of the deal were kept under wraps. Subject to certain closing conditions, HCA Healthcare also agreed to lease the related real estate from Medical Properties Trust, Inc. HCA recently forged an alliance with Steward Health Care whereby the former will acquire the operations of the latter’s five Utah hospitals.
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