The week in hospital M&A 

A Tennessee health system struck a deal to acquire its 25th hospital and Temple Health increased its ownership stake in a Philadelphia hospital. 

Here are two health system M&A moves Becker’s reported during the week of Aug. 18:

1. The Oktibbeha County Board of Supervisors signed a definitive asset purchase agreement for the sale of OCH Regional Medical Center in Starkville, Miss., to Memphis, Tenn.-based Baptist Memorial Health Care.

The agreement includes a $55 million purchase price and $96.8 million in capital commitments from the health system. Plans call for $34 million dedicated to expanding services and physician recruitment, with the remainder earmarked for infrastructure and technology upgrades. 

Closing is anticipated by the end of September, pending regulatory review and customary conditions.

2. Philadelphia-based Temple Health acquired Meadowbrook, Pa.-based Redeemer Health’s 20% stake in Chestnut Hill Hospital.

With the deal, Temple now has an 80% ownership stake in the 148-bed Philadelphia hospital. The Philadelphia College of Osteopathic Medicine retains a 20% ownership stake in the facility. 

West Reading, Pa.-based Tower Health sold the Philadelphia hospital in January 2023 for $28 million.

The post The week in hospital M&A  appeared first on Becker’s Hospital Review | Healthcare News & Analysis.