Here are five huge hospital deals or mergers in 2024:
1. Dallas-based Tenet Healthcare, parent company of United Surgical Partners International, agreed to sell its majority interest in Birmingham, Ala.-based Brookwood Baptist Health for $910 million in cash. The sale includes five hospitals in Alabama and was one of several hospital sell-offs by Tenet this year as the system turns its focus toward ASCs.
2. This year, St. Louis-based Ascension sold Our Lady of Lourdes Memorial Hospital System in Binghamton, N.Y., 50% of its stake in Network Health in Wisconsin and all assets and operations associated with Providence Hospital in Mobile, Ala.
3. Novant Health on Feb. 1 completed its $2.4 billion acquisition of three hospitals along with their affiliated physician clinics from Tenet. Novant acquired Mount Pleasant, S.C.-based East Cooper Medical Center, Hilton Head (S.C.) Hospital and Hardeeville, S.C.-based Coastal Carolina Hospital.
4. Philadelphia-based Jefferson and Allentown, Pa.-based Lehigh Valley Health Network signed a definitive agreement May 15 to merge into a 30-hospital system with more than 700 care sites.
5. BJC HealthCare St. Louis merged with Saint Luke’s Health System earlier this year, creating a 28-hospital system with $10 billion in revenue. Their reach extends to more than 6 million patients across Missouri, Illinois and Kansas.
