Shakeups & Breakups

The SPAC had registered the offering in February to raise capital for the acquisition of a digital health company "disrupting large and established industries and markets."

Private equity firm Veritas Capital is exploring a sale of Cotiviti Corp that could secure a valuation of over $15 billion for the healthcare analytics company.

The YRMC board began its search for a partner also to help meet the needs for additional behavioral health services, specialty care and primary care.

The San Clemente, California-based real estate investment trust (REIT) has engaged an advisor to explore interest in a potential sale.

The foundation is willing to “save” St. Mary by contributing “at least $100 million” to upgrade and modernize the medical center seismically.

Watsonville Community Hospital in California will either be sold to a new buyer or—if that fails—close by Jan. 28.

Mercyhealth said the move was necessary after decreased volume in its emergency departments, an increase in telemedicine, and lower surgery volumes during the COVID-19 pandemic.

CommonSpirit Health is in talks to transfer ownership of its home health operations in Minnesota and North Dakota.

The Berks County nonprofit announced today that Canyon Atlantic Partners, a hospital management firm based in Austin, Texas, will take over as owner of the two facilities on Jan. 1.

It had planned to raise up to $649 million, but postponed in October.